PSEG: Rates, Coverage Area, Emissions

PSEG

Electricity Rates, Plans & Statistics

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About PSEG

With headquarters in Newark, New Jersey, PSEG offers electricity services 3 states in the nation. A total of 2,979,834 residential customers, 400,247 commercial accounts, 2 transportation customers and 6,939 industrial accounts receive their electricity from the company. PSEG's customers spend, on average, 20.37 cents per kilowatt hour for their electricity, resulting in the supplier ranking 2793rd out of 2892 in the US for average electricity rate. They sold 23,561,074 megawatt hours through wholesale channels to other electricity providers in 2022. Of the megawatt hours they sourced, 1,921,953 of them were generated by electricity generation plants owned by the supplier and 66,408,210 megawatt hours were acquired via the wholesale market. The revenue for PSEG for 2022 from electricity sales was $12,415,806,400, with $2,680,056,200 coming from sales to the wholesale market and $8,085,951,600 from retail sales to end users.

The average monthly residential electric bill for a customer of PSEG is $124.22. PSEG is the 26th largest electricity company out of 3517 providers in the US based on megawatt hours sold. Solar fields associated with the company produce 529,692 megawatt hours, which is 1.17% of their total generation. PSEG produces 45,167,867.48 megawatt hours from their generation facilities, ranking them as the 27th highest generator of electricity out of 3517 electricity suppliers in the United States.

PSEG Net Metering

Offering net metering to customers is a win-win situation for PSEG and any citizens who receive their electricity from the company. Net metering makes solar panel installation more economically viable as it allows individuals to sell electricity back to the provider.

Energy Loss

Energy loss is part of the process when working with electricity transmission. PSEG currently averages a loss of approximately 4.71% of the aggregate electricity they transmit. The national average energy loss is 2.87%. This results in PSEG receiving a ranking of 808th best out of 3517 suppliers in the United States.

PSEG Rate & Electric Bills

PSEG residential electric rates are highest in August and the highest average bill is in July.

Historical Electricity Rates:

Price Per kWhAverage Bill$0.219/kWh$0.166/kWh$234.18/mo.$81.06/mo.
2793rd20.37¢PSEG's Average residential price per kWh
1555th$124.22Average monthly electricity bill for PSEG's residential customers

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PSEG Overview

  • Company Type:Investor Owned
  • Subsidiary Company:PSEG Long Island
  • Headquarters:80 Park Plaza, T19
    Newark, New Jersey 07102
    United States of America
  • CEO:Kim C. Hanemann

PSEG Contact

PSEG Service

PSEG Plans

PSEG offers a total of 19 plans for electricity. Plans are subject to change at any time and these may not be the plans currently offered.

Most Popular PSEG Plans

Safe Harbor 18

Residential

  • Rate 15.13¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Choice 12

Residential

  • Rate 14.59¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 14.69¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 14.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

All PSEG Plans

Safe Harbor 18

Residential

  • Rate 15.13¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Choice 12

Residential

  • Rate 14.59¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Secure Green Choice 12

Residential

  • Rate 14.69¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Clean Power 12

Residential

  • Rate 14.19¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

36 Month Home Power Plan

Residential

  • Rate 15.19¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 24

Residential

  • Rate 15.80¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

18 Month Home Power Plan

Residential

  • Rate 14.79¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Safe Harbor 36

Residential

  • Rate 16.39¢ / kWh
  • Contract Length 36 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Fixed All-In 12 Months

Residential

  • Rate 20.06¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Fixed All-In 12 Months

Residential

  • Rate 19.10¢ / kWh
  • Contract Length 12 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Fixed All-In 6 Months

Residential

  • Rate 19.16¢ / kWh
  • Contract Length 6 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Fixed All-In 18 Months

Residential

  • Rate 19.27¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Fixed All-In 18 Months

Residential

  • Rate 20.23¢ / kWh
  • Contract Length 18 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Fixed All-In 6 Months

Residential

  • Rate 18.20¢ / kWh
  • Contract Length 6 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Fixed All-In 24 Months

Residential

  • Rate 19.64¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Fixed All-In 24 Months

Residential

  • Rate 20.60¢ / kWh
  • Contract Length 24 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Safe Harbor 32

Residential

  • Rate 15.99¢ / kWh
  • Contract Length 32 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Fixed All-In 1 Month

Residential

  • Rate 22.34¢ / kWh
  • Contract Length 1 mo.
  • Effective Date Aug 2023
  • Green Energy 100%

Fixed All-In 1 Month

Residential

  • Rate 21.39¢ / kWh
  • Contract Length 1 mo.
  • Effective Date Aug 2023
  • Green Energy 0%

Quick Facts About PSEG

PSEG ranks 53rd in the nation out of 3517 providers for total electricity production from natural gas.

PSEG is the 24th largest generator of megawatt hours from non-renewable fuels in the United States out of 3517 suppliers.

PSEG's nuclear plants produce 32,751,861.12 megawatt hours.

PSEG is 411th in the nation out of the 3517 for the percentage of their fuel usage that comes from renewable fuels.

PSEG experiences an average of 0.68 electrical outages per consumer a year. These outages are an average of 55.99 minutes. Compare these numbers to the national averages of other providers at 1.27 outages per consumer and 137.24 minutes each outage.

Energy provider of the year for Florida, Major Provider Category
Highest Ratio of Renewable Electricity
Florida, Major Provider Category
Claim Award
Energy provider of the year for Delaware, Major Provider Category
Highest Ratio of Renewable Electricity
Delaware, Major Provider Category
Claim Award
Energy provider of the year for Ohio, Major Provider Category
Highest Ratio of Renewable Electricity
Ohio, Major Provider Category
Claim Award

Energy Loss

PSEG's energy loss due to business operations.

-4.71%

Total Energy Loss

2,114,093MWh

808 National Rank

Grid Reliability

Length & Frequency of PSEG's Power Outages

55.99 min.

vs. national average of 137.24 min.

0.68 outages/yr

vs. national average of 1.27

PSEG Energy Makeup

PSEG Coverage Map

Coverage Map Placeholder

PSEG State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
New Jersey2,230,2493,926,488,628154.34%
New York1,156,7743,736,334,423245.66%
Pennsylvania1626,576.16112

PSEG County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
Bergen County952,9975725.55$173.39/mo
Burlington County466,1035826.67$166.17/mo
Camden County524,9075527.28$168.77/mo
Essex County849,4775624.32$146.58/mo
Gloucester County306,6015528.68$179.97/mo
Hudson County703,3665424.30$144.89/mo
Mercer County380,6885624.34$147.61/mo
Middlesex County861,4185724.38$149.81/mo
Monmouth County644,0985624.56$158.92/mo
Morris County511,1515824.55$158.97/mo

Power Plants Owned by PSEG

PlantCity/CountyStatePrimary Fuel TypeProduction (MWh)Emission (kg)Emissions/MWhToxic Chemical ReleaseClosing Date
York County PA Nuclear 22,119,576
PSEG Salem Generating StationExelon Corporation (42.59%)PSEG (57.41%)
Salem County NJ Nuclear 18,482,766
Oswego County NY Nuclear 15,147,724
PSEG Hope Creek Generating StationPSEG (100.00%)
Salem County NJ Nuclear 9,717,822
PSEG Linden Generating StationPSEG (99.67%)0HAM WHAM8 Solar (0.33%)
Linden NJ Natural Gas 5,188,9812,057,252,307.92396.47
Keys Energy CenterPSEG (100.00%)
Croom CDP MD Natural Gas 4,406,4811,729,901,596.64392.58
Clearfield County PA Natural Gas 1,637,454977,905,301.39597.21
Kalaeloa Cogen PlantPSEG (51.00%)Harbert Power, LLC (49.00%)
Honolulu County HI Residual Fuel Oil 1,314,382788,866,332.7600.18
San Isabel Solar, LLCPSEG (100.00%)
Las Animas County CO Solar 74,119
Milford Solar FarmPSEG (100.00%)
Milford DE Solar 18,647

PSEG Fuel Makeup

NUCLEAR
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
Nuclear
72.51%
NATURAL GAS
Natural Gas
Natural Gas
Natural Gas
24.83%
RESIDUAL FUEL OIL
Residual Fuel Oil
1.48%
SOLAR
Solar
1.17%
DISTILLATE FUEL OIL
Distillate Fuel Oil
0.01%

Cities PSEG Has Coverage

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

PSEG Reviews

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PSEG FAQ:

How many states does PSEG sell electricity to?

PSEG supplies electricity to customers in 3 states.

What percentage of PSEG's electricity is generated from renewable fuel types?

Electric facilities owned by or associated with PSEG generate 1.17% of their electricity using renewable fuel sources.

What is the average BUNDLED electricity rate for PSEG customers?

The average BUNDLED price of electricity for customers of PSEG is 20.37 cents per kilowatt hour (¢/kWh).

Does PSEG have any subsidiary companies?

PSEG owns PSEG Long Island.

How much is the average bundled bill for PSEG customers each month?

Customers of PSEG pay, on average, a monthly bundled bill of $124.22.

How many counties does PSEG have customers in to?

There are 16 counties that receive at least some electricity coverage by PSEG including New York, Pennsylvania, and New Jersey.

When will PSEG power be restored?

Average outage times for PSEG are about 55.99 minutes per outage.

What is the phone number for PSEG?

PSEG's customer service phone number is (800) 436-7734

How many power plants are owned by or associated with PSEG?

PSEG owns or is associated with 11 power plants.

Who is the CEO of PSEG?

The CEO of PSEG is Kim C. Hanemann.

What cities does PSEG sell electricity in?

PSEG has customers in 345 cities.

What percentage of PSEG's electricity is produced from nonrenewable fuel sources?

PSEG produces 98.83% of their electricity from nonrenewable fuels.

Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-06-17