Madison, New Jersey Electric Utility

Electricity Rates, Plans & Statistics

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About Madison, New Jersey Electric Utility

Madison, New Jersey Electric Utility is a municipally owned organization supplying electricity in Madison, New Jersey. With 7,241 customers, the provider serves 966 commercial locations and 6,275 residential customers. Customers of Madison, New Jersey Electric Utility pay an average residential electricity rate of 17.75 cents per kilowatt hour. This is 8.43% higher than the state's average rate of 16.37 cents, resulting in the supplier ranking 18th lowest for average electricity price out of 25 providers in the state. In 2019 Madison, New Jersey Electric Utility had retail sales of 127,115 megawatt hours. The purchase of wholesale electricity made up 100.00% of the electricity sourced by the company. In 2019, the company made $20,606,200 from retail electricity sales to end users. This was the entirety of the electricity related revenue for the company.

The national average monthly residential electricity bill is $125.95, while the Madison, New Jersey Electric Utility average is 5.10% lower at $119.53 per month. Electricity production is not part of the Madison, New Jersey Electric Utility business plan, as they purchase electricity at wholesale rates and then resell to their end users.

Madison, New Jersey Electric Utility Net Metering

Luckily, Madison, New Jersey Electric Utility allows consumers to participate in net metering programs. Installation of solar panels and alternative electricity sources is often too expensive for residents. Net metering allows purchasers of these electricity sources to sell extra megawatt hours back into the grid, making the installation of these alternative sources economically viable.

Madison, New Jersey Electric Utility Rate & Electric Bills

Madison, New Jersey Electric Utility residential electric rates are highest in January and the highest average bill is in June.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.194/kWh$0.178/kWh$138.80/mo.$119.53/mo.
2806th17.75¢Madison, New Jersey Electric Utility's Average residential price per kWh
1790th$119.53Average monthly electricity bill for Madison, New Jersey Electric Utility's residential customers

Madison, New Jersey Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:40 Station Road
    Madison, New Jersey 07940
    United States of America
  • Director/Superintendent:Robert H Conley

Madison, New Jersey Electric Utility Contact

Madison, New Jersey Electric Utility Service

  • Outage Phone:(973) 966-7330

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Energy provider of the year for New Jersey, Mid-Sized Provider Category
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Madison, New Jersey Electric Utility Coverage Map

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Madison, New Jersey Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
New Jersey7,24120,408,10011100%

Madison, New Jersey Electric Utility County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Morris County509,2855917.89$279.29/mo

Madison, New Jersey Electric Utility Reviews

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Madison, New Jersey Electric Utility FAQ:

What is the phone number for Madison, New Jersey Electric Utility?

The Madison, New Jersey Electric Utility phone number is (973) 966-7330.

What is the average bundled bill for Madison, New Jersey Electric Utility customers each month?

Consumers of Madison, New Jersey Electric Utility pay, on average, a monthly bundled bill of $119.53.

What is the average bundled electricity rate for Madison, New Jersey Electric Utility customers?

The average bundled rate of electricity for consumers of Madison, New Jersey Electric Utility is 17.75 cents per kilowatt hour (¢/kWh).

Who is the CEO of Madison, New Jersey Electric Utility?

The current CEO of Madison, New Jersey Electric Utility is Robert H Conley.

Last Reviewed By: Fernando García
Published: 2022-08-01