Electricity Rates in Mount royal, NJ
Mount royal, NJ is in a deregulated electricity market with 2 providers available. The average residential rate is 15.0¢/kWh, 15.4% above the New Jersey average of 13.0¢/kWh. Residents may be able to switch providers to find a lower rate.
Electricity Providers in Mount royal
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Atlantic City Electric Co | 17.0¢/kWh | 13.0¢/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 15.0¢/kWh and typical US household usage of 886 kWh/month:
Solar Savings in Mount royal
At 15.0¢/kWh, a typical Mount royal household spends approximately $1594.80/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 Mount royal
Charging an electric vehicle at home in Mount royal costs approximately $135.00/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 Mount royal, NJ?
The average residential electricity rate in Mount royal, NJ is 15.0¢ per kilowatt-hour (kWh) based on 2024 data. This translates to an estimated monthly bill of $132.90 for a typical household.
Who provides electricity in Mount royal?
Mount royal is served by 2 electricity providers. Atlantic City Electric Co is the largest provider in the area, though rates and availability vary by specific address.
How do Mount royal electricity rates compare to the rest of New Jersey?
Mount royal's average rate of 15.0¢/kWh is 15.4% above the New Jersey state average of 13.0¢/kWh. Residents may benefit from exploring solar energy to offset higher electricity costs.