Electricity Rates in New Jersey
New Jersey has a deregulated electricity market, meaning residential customers can choose their electricity provider. The average residential rate is 13.0¢/kWh, but shopping around could save you money. Across 5 utilities, rates range from 10.0¢ to 17.0¢/kWh depending on your location and provider.
New Jersey Electricity Rate History
Monthly residential electricity rates in New Jersey over the last 24 months, based on EIA data.
Top Cities in New Jersey
| City | Avg. Rate | Primary Utility | Providers |
|---|---|---|---|
| Newark | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Paterson | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Jersey city | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Hamilton | 12.0¢/kWh | Public Service Elec & Gas Co | 2 |
| Trenton | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Camden | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Elizabeth | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Clifton | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Toms river | 10.0¢/kWh | Jersey Central Power & Lt Co | 1 |
| Edison | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Cherry hill | 14.0¢/kWh | Public Service Elec & Gas Co | 2 |
| North plainfield | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Washington | 13.0¢/kWh | Atlantic City Electric Co | 3 |
| Winslow | 17.0¢/kWh | Atlantic City Electric Co | 1 |
| Princeton | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Montclair | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Kearny | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| East orange | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Avenel | 13.0¢/kWh | Public Service Elec & Gas Co | 1 |
| Avalon | 17.0¢/kWh | Atlantic City Electric Co | 1 |
Utilities in New Jersey
| Utility | Type | Avg. Residential Rate | ZIP Codes Served |
|---|---|---|---|
| Atlantic City Electric Co | Investor Owned | 17.0¢/kWh | 137 |
| City of Vineland - (NJ) | Municipal | 18.0¢/kWh | 9 |
| Jersey Central Power & Lt Co | Investor Owned | 10.0¢/kWh | 298 |
| Public Service Elec & Gas Co | Investor Owned | 13.0¢/kWh | 362 |
| Rockland Electric Co | Investor Owned | 13.0¢/kWh | 47 |
How New Jersey Compares
Frequently Asked Questions
What is the average electricity rate in New Jersey?
The average residential electricity rate in New Jersey is 13.0¢ per kilowatt-hour (kWh) based on 2024 EIA data. Rates range from 10.0¢ to 17.0¢/kWh depending on your utility provider and location within the state.
Who is the cheapest electricity provider in New Jersey?
Electricity rates in New Jersey vary by provider and location. The state has 5 utility companies serving different areas. To find the cheapest rate available to you, enter your ZIP code in our lookup tool above for your specific options.
Is New Jersey a deregulated electricity market?
Yes, New Jersey has a deregulated electricity market. This means residential customers can choose their electricity supplier, potentially finding a lower rate than their default utility provider.
How have electricity rates changed in New Jersey?
Electricity rates in New Jersey have increased 17.1% over the past year. The current average residential rate is 13.0¢/kWh.
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