Independent rate reference - not affiliated with any utility or energy supplier. Data: EIA Electric Power Monthly, May 2026.Full disclaimer
ElectricityRatePerKWh

PSE&G (Public Service Electric and Gas) Electricity Rate per kWh in 2026

Residential Rate
23.27¢
Commercial
17.86¢
Customers
2.3M
Rate Type
seasonal

How much does PSE&G charge per kWh in 2026?

PSE&G’s estimated effective residential rate is about 23.27 cents per kWh as of May 2026. A typical home using 1,000 kWh a month pays roughly $238, including the about $5 monthly customer charge. Commercial service runs about 17.86c/kWh. This is a representative average; your exact rate depends on the tariff, season, and fuel and rider charges on PSE&G’s official rate schedule.

2026 published rate: PSE&G is New Jersey's largest utility, serving about 2.3 million electric customers, so the New Jersey rate most people search for is PSE&G's. Its all-in residential price works out close to New Jersey's statewide average of 23.27 cents per kWh (EIA, May 2026), covering supply, delivery, and riders. Unlike most of the country, PSE&G's 2026 story is a small decrease rather than an increase: New Jersey's annual Basic Generation Service (BGS) auction, certified by the Board of Public Utilities on 12 February 2026, set new supply rates effective 1 June 2026 that lowered the typical PSE&G residential bill about 1.8 percent, or $3.23 a month, to $180.23. That came after a much larger jump the year before, when the June 2025 BGS auction raised the typical PSE&G residential bill about 17 percent, roughly $27 a month. PSE&G was the only major New Jersey utility whose bill fell in 2026: Jersey Central Power & Light rose about 1.6 percent to $137.47 and Atlantic City Electric edged up 0.11 percent to $201.76. The supply portion of the bill is procured through the annual statewide auction and the PJM capacity market, while PSE&G's delivery charges are regulated by the New Jersey BPU. New Jersey BPU 2026 BGS auction results, certified 12 Feb 2026 (effective 1 Jun 2026).

About PSE&G

PSE&G (Public Service Electric and Gas) serves approximately 2.3 million residential customers across NJ. The estimated effective residential rate is about 23.27 cents per kWh as of May 2026 - a representative average; see the official tariff schedule for your exact rate.

Service area: About 2.3 million electric customers across central and northeastern New Jersey, including Newark, Jersey City, Elizabeth, Trenton, and New Brunswick and much of the New York and Philadelphia suburban corridor. Jersey Central Power & Light and Atlantic City Electric serve most of the rest of the state.

Parent company: Public Service Enterprise Group (PSEG)

Recent rate case: New Jersey's annual Basic Generation Service (BGS) auction sets PSE&G's default supply rate for the 12 months starting each June 1. The Board of Public Utilities certified the 2026 auction on 12 February 2026; the resulting rates, effective 1 June 2026, lowered the typical PSE&G residential bill about 1.8 percent ($3.23 a month) to $180.23, after the June 2025 auction had raised it about 17 percent. PSE&G's delivery rates are set through periodic NJ BPU base-rate cases; consult the tariff schedule linked above for current approved pricing.

PSE&G Bill Calculator: Cost by Monthly Usage

Estimated monthly bill at 23.27c/kWh plus the $5 fixed charge. Formula: kWh x rate + fixed charge.

Monthly usageEstimated bill
250 kWh$63.13/mo
500 kWh$121.30/mo
750 kWh$179.47/mo
1,000 kWh (typical home)$237.65/mo
1,250 kWh$295.82/mo
1,500 kWh$354.00/mo

A representative estimate using the effective average rate. Your exact bill depends on the tariff, season, and fuel and rider charges. Calculate with your own usage ->

Quick Reference
Fixed charge$5/mo
States servedNJ
Rate structureseasonal
Official tariff schedule ->
Calculate Your Bill

Use our bill calculator for an estimate with your actual kWh usage.

Bill Calculator ->
State Rate
New Jerseyelectricity rate ->

Frequently Asked Questions

What is the PSE&G rate per kWh in 2026?+
PSE&G is New Jersey's largest utility, serving about 2.3 million electric customers, so the New Jersey rate most people search for is PSE&G's. Its all-in residential price works out close to New Jersey's statewide average of 23.27 cents per kWh (EIA, May 2026), covering supply, delivery, and riders. Unlike most of the country, PSE&G's 2026 story is a small decrease rather than an increase: New Jersey's annual Basic Generation Service (BGS) auction, certified by the Board of Public Utilities on 12 February 2026, set new supply rates effective 1 June 2026 that lowered the typical PSE&G residential bill about 1.8 percent, or $3.23 a month, to $180.23. That came after a much larger jump the year before, when the June 2025 BGS auction raised the typical PSE&G residential bill about 17 percent, roughly $27 a month. PSE&G was the only major New Jersey utility whose bill fell in 2026: Jersey Central Power & Light rose about 1.6 percent to $137.47 and Atlantic City Electric edged up 0.11 percent to $201.76. The supply portion of the bill is procured through the annual statewide auction and the PJM capacity market, while PSE&G's delivery charges are regulated by the New Jersey BPU. (Source: New Jersey BPU 2026 BGS auction results, certified 12 Feb 2026 (effective 1 Jun 2026).)
What is the current PSE&G rate per kWh?+
PSE&G (Public Service Electric and Gas)'s estimated effective residential rate is about 23.27 cents per kWh as of May 2026. This is a representative average; your exact rate depends on the tariff, season, and fuel/rider charges shown on the utility's official rate schedule (linked below). The estimated commercial rate is 17.86c/kWh, and the monthly fixed customer charge is roughly $5 regardless of usage.
What rate structure does PSE&G use?+
PSE&G (Public Service Electric and Gas) uses a seasonal rate structure. Seasonal rates vary between summer and winter billing periods, reflecting demand patterns in the service area.
How do I calculate my PSE&G bill from the rate per kWh?+
Multiply your monthly kilowatt-hours by the per-kWh rate, then add the fixed customer charge. Using PSE&G's estimated effective residential rate of 23.27 cents per kWh and its roughly $5 monthly fixed charge, a home using 750 kWh a month works out to about (750 x $0.2327) + $5 = $179.47 a month. The table above shows the same math across usage levels from 250 to 1,500 kWh. This is a representative estimate; your exact rate depends on the tariff, season, and fuel and rider charges on the official schedule linked above.
How do I find my PSE&G rate on my bill?+
Your electricity bill shows the total kWh consumed and the charges applied. Look for the 'energy charge' or 'supply charge' line item - this is the per-kWh rate times your usage. Delivery charges (transmission and distribution) are listed separately and represent a significant portion of your total rate. The fixed customer charge appears as a flat line item. Your effective combined rate (all charges / total kWh) may differ from the tariff rate due to the fixed charge amortization.
What recent rate changes has PSE&G made?+
New Jersey's annual Basic Generation Service (BGS) auction sets PSE&G's default supply rate for the 12 months starting each June 1. The Board of Public Utilities certified the 2026 auction on 12 February 2026; the resulting rates, effective 1 June 2026, lowered the typical PSE&G residential bill about 1.8 percent ($3.23 a month) to $180.23, after the June 2025 auction had raised it about 17 percent. PSE&G's delivery rates are set through periodic NJ BPU base-rate cases; consult the tariff schedule linked above for current approved pricing.
All UtilitiesRates by StateTOU RatesBill Calculator