Electricity Rates in Millburn, NJ
Millburn, 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 Millburn
| 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 Millburn
At 12.0¢/kWh, a typical Millburn 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 Millburn
Charging an electric vehicle at home in Millburn 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 Millburn, NJ?
The average residential electricity rate in Millburn, 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 Millburn?
Millburn 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 Millburn electricity rates compare to the rest of New Jersey?
Millburn'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.