Electricity Rates in Newfoundland, NJ
Newfoundland, 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 Newfoundland
| Utility | Residential Rate | Commercial Rate | Type |
|---|---|---|---|
| Jersey Central Power & Lt Co | 10.0¢/kWh | 10.0¢/kWh | Investor Owned |
| Rockland Electric 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 Newfoundland
At 12.0¢/kWh, a typical Newfoundland 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 Newfoundland
Charging an electric vehicle at home in Newfoundland 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 Newfoundland, NJ?
The average residential electricity rate in Newfoundland, 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 Newfoundland?
Newfoundland is served by 2 electricity providers. Rockland Electric Co is the largest provider in the area, though rates and availability vary by specific address.
How do Newfoundland electricity rates compare to the rest of New Jersey?
Newfoundland'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.