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 6,996 customers, the provider serves 1,107 commercial locations and 5,889 residential customers. Customers of Madison, New Jersey Electric Utility pay an average residential electricity rate of 19.27 cents per kilowatt hour, which is 18.79% higher than the nationwide average price of 16.22 cents. This makes the provider 2683rd out of 2885 suppliers in the country for best average electricity rate. About 127,115 megawatt hours were sold by the supplier to retail customers in 2019. The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 134,027 wholesale megawatt hours. 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 $143.38, while the Madison, New Jersey Electric Utility average is 1.86% lower at $140.72 per month. Electricity production is not part of the Madison, New Jersey Electric Utility business plan, as they purchase electricity at wholesale rates and then resell to their end users.
Luckily, Madison, New Jersey Electric Utility allows consumers to participate in net metering programs. Installation of solar panels and alternative electricity sources is often too expensive for residents. Net metering allows purchasers of these electricity sources to sell extra megawatt hours back into the grid, making the installation of these alternative sources economically viable.
Madison, New Jersey Electric Utility Rate & Electric Bills
Madison, New Jersey Electric Utility residential electric rates are highest in March and the highest average bill is in July.
Historical Electricity Rates:
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Madison, New Jersey Electric Utility Overview
- Company Type:Municipal
- Headquarters:40 Station Road
Madison, New Jersey 07940
United States of America - Director/Superintendent:Robert H Conley
Madison, New Jersey Electric Utility Contact
- Website:www.rosenet.org
- Customer Service Phone:(973) 966-7330
- Contact Page:www.rosenet.org
- Social Media:
Madison, New Jersey Electric Utility Service
- Outage Phone:(973) 966-7330
- States Served:
- New Jersey
- Counties Served:
- Morris County
- Major Cities Served:
- Madison
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Madison, New Jersey Electric Utility Coverage Map
Madison, New Jersey Electric Utility State Coverage
| State | Customers | Sales ($) | State Rank Based On Revenue | % of Provider's Residential Sales in State |
|---|---|---|---|---|
| New Jersey | 7,023 | 20,552,046.28 | 12 | 100% |
Madison, New Jersey Electric Utility County Coverage
| County | Population | Providers | Avg. County Rate (¢) | Avg. Electric Bill |
|---|---|---|---|---|
| Morris County | 511,151 | 61 | 24.60 | $171.56/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 $140.72.
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 19.27 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.
