Lavallette, New Jersey Electric Utility

About Lavallette, New Jersey Electric Utility

Lavallette, New Jersey Electric Utility is a municipally owned organization providing electricity in Lavallette, New Jersey and other areas of Ocean County. Lavallette, New Jersey Electric Utility has an average residential electricity rate of 17.98 cents per kilowatt hour. This is 10.83% higher than the national average price of 16.22 cents, ranking the provider at 2565th best for average electricity price out of 2885 providers in the US. Approximately 18,327 megawatt hours were sold by the provider to retail accounts in 2019. The electricity sourced by Lavallette, New Jersey Electric Utility is made up primarily of megawatt hours they acquired by way of wholesale channels. Of the total electricity sourced whole purchased made up 100.00%. In 2019, Lavallette, New Jersey Electric Utility had $3,050,000 in total revenue solely through retail electricity sales.

The average monthly residential electricity bill for a customer of Lavallette, New Jersey Electric Utility is $100.79 per month, while the New Jersey average is $129.11. Patrons of the supplier pay 19.76% less compared to other residents of New Jersey. The supplier currently does not generate their own electricity. Instead, they must purchase that electricity at wholesale prices and then resell it at a higher rate to end consumers.