Electricity Rate in New Jersey (2026): 24.95c/kWh Average

The EIA residential electricity price in New Jersey is 24.95 cents per kWh as of June 2026, 6.61c above the US average of 18.34c/kWh. The New Jersey commercial rate is 18.47c/kWh and the industrial rate is 15.65c/kWh (EIA Electric Power Monthly, Table 5.6.A).

Residential Rate

24.95¢

per kWh

vs US Avg

+36%

6.61c above

Avg Monthly Bill

$148

656 kWh

Provider Choice

Yes

Can switch suppliers

New Jersey Electricity Rate: What You Need to Know

New Jersey electricity averages 24.95 cents per kWh for residential customers as of June 2026, according to the EIA Electric Power Monthly. This is 6.61c above the US average of 18.34c/kWh. The average monthly bill for New Jersey households is $148 based on typical usage of 656 kWh.

New Jersey's 24.95c/kWh rate (June 2026) reflects its position in the PJM capacity market, where capacity prices have been elevated due to retirements of older generation and growing demand. New Jersey uses a Basic Generation Service (BGS) auction system where competitive suppliers bid to serve default-service customers, meaning even 'default' customers benefit from some competition. Retail choice is additionally available through the NJBPU's comparison portal. PSE&G (serving Northeast NJ including Newark, Hoboken, Jersey City), JCP&L (serving Central NJ), and Atlantic City Electric (serving South NJ) are the three main utilities. New Jersey has an active offshore wind program with several large projects approved, which will add renewable generation over 2026-2030.

Generation mix: Natural gas 45%, nuclear 40%, solar 10%, wind 5%. The fuel mix is a primary driver of electricity rates - states with abundant hydro or nuclear tend to have lower rates, while states dependent on imported petroleum (Hawaii) or natural gas pay more.

Year-over-year change: New Jersey rates rose 0.3% year-over-year as of June 2026. This compares to the US average increase of 5% over the same period.

Deregulated: You Can Shop for a Better Rate

BGS auctions set default; PSE&G / JCP&L / Atlantic City Electric wires; competitive supply optional via NJBPU

How to shop for a better rate ->

Your New Jersey Electricity Bill Components

Energy charge (656 kWh x 24.95c)$163.67

Fixed customer charge (estimated)~$10.00

Estimated monthly total$173.67

New Jersey Rate by Sector - June 2026

Residential (US 18.34c)24.95c

Commercial (US 14.19c)18.47c

Industrial (US 9.17c)15.65c

Source: EIA Electric Power Monthly, Table 5.6.A.

Dominant Utility

PSE&G / JCP&L / Atlantic City Electric

View utility detail ->

Adjacent States

New York29.49c

Pennsylvania21.73c

Delaware19.29c

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State pre-selected in our full bill calculator with TOU and commercial modes.

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Electric Utilities in New Jersey: 94 Listed (2024 EIA-861)

EIA's Form 861 census records 94 entities with 2024 retail electricity sales in New Jersey: 5 distribution utilities filing the full form, 9 small utilities filing the short form (EIA-861S), and 80 competitive energy-only suppliers. By ownership: 80 retail power marketer, 9 municipal, 4 investor owned, 1 cooperative. The state-wide average realised residential price in 2024 was 19.34 cents per kWh across 3,638,383 residential customers and 29,692,962 MWh of sales; EIA's latest monthly figure is 24.95c (June 2026). The largest utility by residential accounts served (bundled plus delivery-only) is Public Service Elec & Gas Co with 2,056,231 (20.42c per kWh, 46.8% of state residential sales by MWh). 5 of the 5 distribution utilities have a detail page; the rest are listed here only.

Distribution utilities (5), ranked by residential accounts served (bundled + delivery-only), 2024; residential price = bundled service where offered
#	Utility	Ownership	Res. accounts	Residential	Commercial	Counties
1	Public Service Elec & Gas Co	Investor Owned	2,056,231	20.42c	14.69c	14
2	Jersey Central Power & Lt Co	Investor Owned	1,038,258	15.65c	15.03c	13
3	Atlantic City Electric Co	Investor Owned	506,488	23.41c	19.58c	8
4	Rockland Electric Co	Investor Owned	66,360	21.04c	19.22c	3
5	City of Vineland (NJ)	Municipal	22,774	17.84c	17.45c	1

Competitive energy-only suppliers (80): energy charge only, delivery billed by the local utility
Supplier	Type	Res. customers (energy-only)	Energy-only res.	Energy-only com.
Inspire Energy Holdings, LLC9 states	Retail Power Marketer	26,530	20.14c	19.42c
SmartEnergy Holdings, LLC13 states	Retail Power Marketer	22,956	20.33c	n/a
Direct Energy Services13 states	Retail Power Marketer	18,448	14.44c	13.31c
Reliant Energy Northeast LLC10 states	Retail Power Marketer	13,872	15.86c	17.21c
IDT Energy, Inc.7 states	Retail Power Marketer	11,278	11.89c	13.57c
CleanChoice Energy, Inc.9 states	Retail Power Marketer	11,117	21.40c	15.27c
Palmco Power NJ, LLC	Retail Power Marketer	7,102	22.73c	11.45c
Viridian Energy PA LLC5 states	Retail Power Marketer	6,908	17.23c	16.21c
Verde Energy USA6 states	Retail Power Marketer	6,530	23.59c	26.12c
Ambit Energy Holdings, LLC12 states	Retail Power Marketer	5,962	15.33c	13.28c
Stream Energy New Jersey, LLC	Retail Power Marketer	5,307	18.46c	16.07c
Constellation NewEnergy, Inc18 states	Retail Power Marketer	5,262	11.87c	8.98c
Residents Energy, LLC7 states	Retail Power Marketer	4,303	17.34c	18.12c
North American Power and Gas, LLC9 states	Retail Power Marketer	4,140	16.86c	17.02c
Energy Plus Holdings LLC8 states	Retail Power Marketer	3,654	18.37c	18.36c
MPower Energy NJ LLC6 states	Retail Power Marketer	3,505	19.51c	20.04c
Respond Power LLC2 states	Retail Power Marketer	3,118	17.12c	13.20c
Energy Services Providers, Inc7 states	Retail Power Marketer	2,904	17.01c	12.06c
SFE Energy NJ, Inc.	Retail Power Marketer	2,767	13.76c	13.77c
Median Energy Corp.5 states	Retail Power Marketer	2,335	21.16c	n/a
Spring Energy RRH LLC3 states	Retail Power Marketer	2,331	15.50c	16.07c
XOOM Energy New Jersey, LLC	Retail Power Marketer	2,300	16.84c	18.01c
Clearview Electric Inc.12 states	Retail Power Marketer	2,197	21.83c	16.65c
Tomorrow Energy Corp.6 states	Retail Power Marketer	2,166	23.77c	37.50c
SunSea Energy, LLC4 states	Retail Power Marketer	1,871	26.62c	25.20c
American Power & Gas7 states	Retail Power Marketer	1,593	19.99c	18.15c
Pure Energy USA, LLC5 states	Retail Power Marketer	1,482	34.45c	33.56c
National Gas & Electric, LLC5 states	Retail Power Marketer	1,278	18.58c	10.00c
Energywell LLC13 states	Retail Power Marketer	1,263	10.57c	10.50c
South Bay Energy Corp.5 states	Retail Power Marketer	1,195	19.88c	20.50c
Atlantic Energy LLC10 states	Retail Power Marketer	1,065	28.56c	29.26c
RPA Energy, Inc.7 states	Retail Power Marketer	976	27.20c	13.97c
Just Energy Solutions Inc.6 states	Retail Power Marketer	953	15.95c	18.10c
Alpha Gas and Electric, LLC8 states	Retail Power Marketer	901	17.39c	15.68c
Rushmore Energy, LLC6 states	Retail Power Marketer	824	14.62c	n/a
Choice Energy, LLC3 states	Retail Power Marketer	808	19.50c	n/a
Discount Power Inc (CT)7 states	Retail Power Marketer	757	21.54c	14.26c
Titan Gas LLC9 states	Retail Power Marketer	731	15.22c	13.24c
Eligo Energy, LLC9 states	Retail Power Marketer	666	14.45c	12.84c
Green Mountain Energy Company7 states	Retail Power Marketer	659	17.44c	8.37c
Nordic Energy Services, LLC10 states	Retail Power Marketer	576	15.54c	14.78c
Frontier Utilities, LLC5 states	Retail Power Marketer	495	17.69c	n/a
ENGIE Power & Gas LLC6 states	Retail Power Marketer	432	20.59c	11.41c
EcoPlus Power, LLC4 states	Retail Power Marketer	400	8.61c	n/a
TriEagle Energy, L.P.3 states	Retail Power Marketer	342	14.25c	11.40c
Energy Harbor Corp.6 states	Retail Power Marketer	313	10.37c	9.13c
NextEra Energy Services, LLC13 states	Retail Power Marketer	311	17.18c	9.00c
Harborside Energy, LLC	Retail Power Marketer	246	21.67c	10.28c
AP Holdings LLC7 states	Retail Power Marketer	224	19.23c	11.34c
Greenlight Energy Inc.7 states	Retail Power Marketer	183	19.00c	n/a
Town Square Energy East, LLC4 states	Retail Power Marketer	137	13.70c	12.50c
New Wave Energy Corporation5 states	Retail Power Marketer	135	12.75c	14.39c
Vista Energy Marketing, L.P.4 states	Retail Power Marketer	134	20.67c	n/a
All American Power and Gas, LLC4 states	Retail Power Marketer	123	35.95c	37.07c
Pay Less Energy LLC2 states	Retail Power Marketer	92	23.28c	21.02c
Marathon Power LLC4 states	Retail Power Marketer	90	15.53c	10.43c
Polaris Power Services LLC3 states	Retail Power Marketer	39	9.98c	10.69c
Power UP Energy, LLC3 states	Retail Power Marketer	38	35.86c	35.70c
AEP Energy7 states	Retail Power Marketer	18	12.45c	9.39c
Spartacus Energy Services LLC2 states	Retail Power Marketer	6	16.67c	19.16c
Approved Energy II, LLC4 states	Retail Power Marketer	2	10.77c	9.81c
First Point Power, LLC8 states	Retail Power Marketer	1	18.33c	16.34c
Hudson Energy Services8 states	Retail Power Marketer	0	n/a	10.31c
Direct Energy Business17 states	Retail Power Marketer	0	n/a	9.60c
MP2 Energy LLC15 states	Retail Power Marketer	0	n/a	9.16c
Champion Energy Services14 states	Retail Power Marketer	0	n/a	8.18c
ENGIE Resources LLC14 states	Retail Power Marketer	0	n/a	9.44c
Agressive Energy LLC6 states	Retail Power Marketer	0	n/a	11.70c
MidAmerican Energy Services, LLC10 states	Retail Power Marketer	0	n/a	6.59c
Freepoint Energy Solutions LLC9 states	Retail Power Marketer	0	n/a	9.94c
UGI Energy Services, LLC6 states	Retail Power Marketer	0	n/a	8.28c
CPV Retail Energy LP7 states	Retail Power Marketer	0	n/a	9.64c
SmartestEnergy US LLC11 states	Retail Power Marketer	0	n/a	11.88c
BP Energy Retail LLC16 states	Retail Power Marketer	0	n/a	9.92c
Texas Retail Energy, LLC12 states	Retail Power Marketer	0	n/a	8.06c
David Energy Supply LLC4 states	Retail Power Marketer	0	n/a	10.37c
Calpine Energy Solutions, LLC18 states	Retail Power Marketer	0	n/a	8.24c
Grid Power Direct, LLC8 states	Retail Power Marketer	0	n/a	10.05c
Talen Energy Marketing, LLC5 states	Retail Power Marketer	0	n/a	n/a
PBF Power Marketing3 states	Retail Power Marketer	0	n/a	n/a

Small utilities filing the EIA-861S short form (9): totals across all sectors, no residential split+

Utility	Ownership	Customers (all)	Avg price (all)	Counties
Sussex Rural Electric Coop Inc	Cooperative	12,142	15.20c	1
Borough of Butler (NJ)	Municipal	11,864	8.09c	2
Borough of Madison (NJ)	Municipal	6,848	16.41c	1
Borough of South River (NJ)	Municipal	6,502	21.90c	1
Borough of Park Ridge (NJ)	Municipal	3,841	16.30c	1
Seaside Heights Municipal Utility	Municipal	3,149	18.63c	1
Borough of Milltown (NJ)	Municipal	2,994	18.21c	1
Borough of Lavallette (NJ)	Municipal	2,565	16.69c	1
Borough of Pemberton (NJ)	Municipal	765	23.28c	1

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Source and method

Source: U.S. Energy Information Administration, Form EIA-861 Annual, 2024 final data (public domain), retrieved 28 August 2026; prices are average realised revenue per kWh, not tariffs. Final 2024 file f8612024.zip (released 3 December 2025) from the EIA-861 detailed data files. Preliminary 2025 figures come from the early-release file f8612025er.zip (4 August 2026), which EIA has not yet validated; they are labelled as such wherever shown and never mixed into a final figure.

New Jersey Electricity: Frequently Asked Questions

What is the electricity rate in New Jersey in 2026?+

The average residential electricity rate in New Jersey is 24.95 cents per kWh as of June 2026, according to the EIA Electric Power Monthly. This is 6.61c above the US average of 18.34c/kWh (+36%). The average monthly electricity bill in New Jersey is approximately $148 based on 656 kWh typical monthly usage.

What is the commercial electricity rate in New Jersey?+

The average commercial electricity rate in New Jersey is 18.47 cents per kWh as of June 2026, according to the EIA Electric Power Monthly (Table 5.6.A). That compares with the US commercial average of 14.19c/kWh. Commercial rates apply to businesses, offices, schools, and retail. They are usually lower per kWh than residential rates, but a commercial bill can still be much larger because of higher volume and demand charges.

What is the industrial electricity rate in New Jersey?+

The average industrial electricity rate in New Jersey is 15.65 cents per kWh as of June 2026, according to the EIA Electric Power Monthly (Table 5.6.A), versus a US industrial average of 9.17c/kWh. Industrial customers such as factories, manufacturers, and large facilities pay the lowest per-kWh price of the three EIA sectors because they buy power at high volume, often at higher voltage, under demand-based rate structures.

Can I switch electricity providers in New Jersey?+

Yes - New Jersey is a deregulated state. BGS auctions set default; PSE&G / JCP&L / Atlantic City Electric wires; competitive supply optional via NJBPU The local utility (PSE&G / JCP&L / Atlantic City Electric) still delivers the electricity; only the generation/supply charge is competitive.

What is the average monthly electricity bill in New Jersey?+

The average New Jersey household uses approximately 656 kWh per month. At 24.95c/kWh plus approximately $10 in fixed charges, the average monthly bill is $148. This varies by season (higher in summer for cooling-dominant states like Florida, higher in winter for heating-dominant states).

What is the primary electricity source in New Jersey?+

New Jersey's generation mix is primarily Natural gas 45%, nuclear 40%, solar 10%, wind 5%. This fuel mix is a key factor in the state's electricity rate - states relying on hydro or nuclear typically have lower rates, while states heavily dependent on natural gas or petroleum (like Hawaii) face higher costs.

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