Electricity Rates in Basking ridge, NJ
Basking ridge, NJ is in a deregulated electricity market with 2 providers available. The average residential rate is 12.0¢/kWh, 7.7% below the New Jersey average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Basking ridge
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Jersey Central Power & Lt Co | 10.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Public Service Elec & Gas Co | 13.0¢/kWh | 10.0¢/kWh | Investor Owned |
Estimated Monthly Electric Bill
Based on the average residential rate of 12.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Basking ridge
At 12.0¢/kWh, a typical Basking ridge household spends approximately $1275.84/year on electricity. Solar panels could reduce this by 50–90%.
The federal solar tax credit covers 30% of installation costs through 2032.
EV Charging Costs in Basking ridge
Charging an electric vehicle at home in Basking ridge costs approximately $108.00/month at current rates, based on average driving habits (about 30 kWh per charge, charged daily). Compare to public charging prices at ChargeBuddy.ai.
Nearby Cities in New Jersey
Frequently Asked Questions
What is the average electricity rate in Basking ridge, NJ?
The average residential electricity rate in Basking ridge, NJ is 12.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $106.32 for a typical household.
Who provides electricity in Basking ridge?
Basking ridge is served by 2 electricity providers. Jersey Central Power & Lt Co is the largest provider in the area, though rates and availability vary by specific address.
How do Basking ridge electricity rates compare to the rest of New Jersey?
Basking ridge's average rate of 12.0¢/kWh is 7.7% below the New Jersey state average of 13.0¢/kWh. Residents enjoy some of the lower rates in the state.