Madison, New Jersey Electric Utility

About Madison, New Jersey Electric Utility

Madison, New Jersey Electric Utility is a municipally owned entity headquartered in Madison, New Jersey and supplying power to customers in 20 cities in New Jersey such as the cities of Morristown, Dover, Madison, Florham Park, and Pompton Lakes. There are 966 commercial customer accounts and 6,275 residential customers who are receiving electricity from the provider. Madison, New Jersey Electric Utility's patrons spend, on average, 17.75 cents per kilowatt hour for their electricity, which is 9.27% higher than the average state rate of 16.25 cents. They had total sales and disposition of 134,027 megawatt hours in 2019, of which 127,115 megawatt hours were via retail sales. The electricity sourced was made up of megawatt hours that they acquired by way of the wholesale market. They purchased 134,027 wholesale megawatt hours. In 2019, the total revenue for Madison, New Jersey Electric Utility was $20,606,200, which was earned exclusively through electricity sales to retail customers.

The average monthly residential electric bill for a customer of Madison, New Jersey Electric Utility is $119.53 per month. Consumers of the supplier are stuck with a 1.36% markup compared to the rest of the United States. The company is not associated with any electricity generation plants and all of the electricity that they sell to their consumers must be purchased from other suppliers.

Madison, New Jersey Electric Utility Net Metering

Net metering services are available to customers of Madison, New Jersey Electric Utility. Installation of solar panels and other electricity sources is often too expensive for private citizens. Net metering allows purchasers of these electricity sources to sell unused wattage into the grid, making the installation of these alternative sources more financially friendly .

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 Electric Rates:

Price Per kWHAverage Bill$0.194/kWh$0.178/kWh$138.80/mo.$119.53/mo.
2828th17.75¢Madison, New Jersey Electric Utility's Average residential price per kWh
1874th$119.53Average monthly electric 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
  • CEO:Robert H Conley

Madison, New Jersey Electric Utility Contact

Madison, New Jersey Electric Utility Service

  • Outage Phone:(973) 966-7330
Energy provider of the year for New Jersey, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
New Jersey, Mid-Sized Provider Category
Claim Award
Energy provider of the year for New Jersey, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
New Jersey, Mid-Sized Provider Category
Claim Award
Energy provider of the year for New Jersey, Mid-Sized Provider Category
Top 3 Lowest Energy Loss
New Jersey, Mid-Sized Provider Category
Claim Award

Madison, New Jersey Electric Utility Coverage Map

Coverage Map Placeholder

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 County491,845414.78$111.27/mo

Cities Madison, New Jersey Electric Utility Has Coverage

  • Boonton, NJ
  • Butler, NJ
  • Chatham, NJ
  • Chester, NJ
  • Dover, NJ
  • Florham Park, NJ
  • Kinnelon, NJ
  • Lincoln Park, NJ
  • Madison, NJ
  • Mendham, NJ
  • Morris Plains, NJ
  • Morristown, NJ
  • Mount Arlington, NJ
  • Mountain Lakes, NJ
  • Netcong, NJ
  • Pompton Lakes, NJ
  • Riverdale, NJ
  • Rockaway, NJ
  • Victory Gardens, NJ
  • Wharton, NJ

* City coverage generated based on government data. Always verify you can get service from the provider.

Madison, New Jersey Electric Utility Reviews

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Madison, New Jersey Electric Utility FAQ:

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

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

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 phone number for Madison, New Jersey Electric Utility?

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

What cities does Madison, New Jersey Electric Utility supply electricity to?

Madison, New Jersey Electric Utility provides electricity in 20 cities in the United States.

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

Madison, New Jersey Electric Utilitys current average bundled electricity rate is 17.75 cents per kilowatt hour (¢/kWh), compared to the average New Jersey bundled rate of 16.25 cents and the average nationwide rate of 13.26 cents.

Last Reviewed By: Fernando García
Published: 2021-03-16Last Updated: 2022-01-02