WattBuy’s Guide toElectricity in
Electricity in
New Jersey
Here's the average monthly bill, usage, and carbon footprint of residents in New Jersey
January
$516highestFebruary
$380March
$234April
$187May
$185lowestJune
$195July
$220August
$199September
$187October
$201November
$201December
$362Carbon Emissions
508 lbs CO₂
Monthly Usage
1,296 kWh
New Jersey's energy comes from Nuclear, Natural Gas, Solar, and Petroleum. Nuclear is the largest source of electricity, providing 54% of New Jersey's energy. Natural Gas is the second largest source, making up 37%. Solar provides 7% of the energy in New Jersey. Petroleum provides 2% of the energy in New Jersey.
54%
Nuclear
37%
Natural Gas
7%
Solar
2%
Petroleum
Solar power is on the rise, helping homeowners save on their electricity bills and power their homes sustainably.
751 kWh
Energy generated by average sized system
$15,083
Average system cost
(after federal incentive)
9 years
Payback period
Net metering policies in New Jersey can help solar panel owners save money and reduce their carbon footprint. When your solar panels generate more electricity than you use, you can send the excess back to the grid and receive credit on your next bill. Just something to keep in mind when considering solar panels.
| incentive | savings | utility | |
| Air-Source Heat Pump - Single Package | Please check our website | Rockland Electric Company | See Details |
| Room Air Conditioning (purchase) | $15 | Rockland Electric Company | See Details |
| Ductless Air Conditioning (mini & multi split) Systems – AC only | Please check our website | Rockland Electric Company | See Details |
| Ductless Heat Pump (mini & multi split) Systems | Please check our website | Rockland Electric Company | See Details |
There are a variety of electricity plans available to residents of New Jersey. The following companies provide electricity plans in the state:
City of Seaside Heights has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type |
| Residential | Fixed |
City of Vineland, NJ Utility Company has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Rate | Fixed | 13¢ to 18¢ |
JCPL has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service | Fixed | 5¢ to 11¢ |
| Residential Time-of-Day Service | TOU | 6¢ to 9¢ |
| Residential Service for Off-Peak Water Heating | Fixed | 5¢ |
| Residential Geothermal & Heat Pump Service | TOU | 6¢ to 9¢ |
| Residential Service for Controlled Water Heating | Fixed | 6¢ |
Borough of Pemberton has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type |
| Residential | Fixed |
Borough of Lavallette has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Total Electric | Fixed | 11¢ to 14¢ |
| Residential Service | Fixed | 12¢ to 14¢ |
Borough of Butler has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type |
| Residential Base Rate | Fixed |
| Residential Base Rate Outside Butler | Fixed |
Borough of South River has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Class A:Residential Consumption | Fixed | 19¢ |
Borough of Park Ridge has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Senior Citizen, Lifeline and Disability Service Rate | Fixed | 7¢ to 13¢ |
| Electric Service Residential | Fixed | 13¢ |
Borough of Madison has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service | Fixed | 19¢ to 20¢ |
Atlantic City Electric has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service | Fixed | 24¢ to 26¢ |
Borough of Milltown has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type |
| Residential Rates | Fixed |
| Residential Rates (Heat Pump Service) | Fixed |
PSEG has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| RESIDENTIAL LOAD MANAGEMENT SERVICE | TOU | 5¢ to 14¢ |
| RESIDENTIAL SERVICE | Fixed | 6¢ to 10¢ |
| WATER HEATING SERVICE | Fixed | 9¢ |
| RESIDENTIAL HEATING SERVICE | Fixed | 4¢ to 11¢ |
| WATER HEATING STORAGE SERVICE | Fixed | 2¢ |
Orange and Rockland - New Jersey has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service TOU | TOU | 15¢ to 28¢ |
| Residential Service TOU | TOU | 2¢ to 7¢ |
| Residential Service Time-of-Day Heating Service | TOU | 7¢ to 12¢ |
| Residential Service | Fixed | 11¢ to 13¢ |
| Residential Service Time-of-Day | TOU | 9¢ to 19¢ |
Sussex Rural Electric Coop Inc has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Residential Service(New York) | Fixed | 11¢ |
| General Service Residential Net Metering Service | Fixed | 11¢ |
| Residential Service(New Jersey) | Fixed | 12¢ |
| General Service Schedule A | Fixed | 12¢ |
The price to compare for Atlantic City Electric is 15.00¢. Rates are based on an estimated usage of 1,296 kWh per month.Update usage.
| Provider | Plan | Rate Per kWh | Plan Length | ||
|---|---|---|---|---|---|
| Constellation Energy | 6 Month Home Power Plan cheapestcheapest <12 months | 15.99¢ | 6 months | Choose Plan | |
| Verde Energy | Clean Power 12 cheapest renewablecheapest 12 months | 16.99¢ | 12 months | Choose Plan | |
| Constellation Energy | 18 Month Home Power Plan cheapest 13+ months | 16.99¢ | 18 months | Choose Plan | |
The price to compare for JCPL is 11.88¢. Rates are based on an estimated usage of 1,296 kWh per month.Update usage.
| Provider | Plan | Rate Per kWh | Plan Length | ||
|---|---|---|---|---|---|
| Verde Energy | Clean Power 12 cheapestcheapest renewablecheapest 12 months | 14.79¢ | 12 months | Choose Plan | |
| Constellation Energy | 6 Month Home Power Plan cheapest <12 months | 15.49¢ | 6 months | Choose Plan | |
| Constellation Energy | 18 Month Home Power Plan cheapest 13+ months | 16.59¢ | 18 months | Choose Plan | |
Rates are based on an estimated usage of 1,296 kWh per month.Update usage.
| Provider | Plan | Rate Per kWh | Plan Length | ||
|---|---|---|---|---|---|
| Verde Energy | Clean Power 12 cheapestcheapest renewablecheapest 12 months | 18.49¢ | 12 months | Choose Plan | |
The price to compare for PSEG is 13.46¢. Rates are based on an estimated usage of 1,296 kWh per month.Update usage.
| Provider | Plan | Rate Per kWh | Plan Length | ||
|---|---|---|---|---|---|
| Constellation Energy | 6 Month Home Power Plan cheapestcheapest <12 months | 18.19¢ | 6 months | Choose Plan | |
| Verde Energy | Clean Power 12 cheapest renewablecheapest 12 months | 18.49¢ | 12 months | Choose Plan | |
| Constellation Energy | 18 Month Home Power Plan cheapest 13+ months | 19.39¢ | 18 months | Choose Plan | |
Signed in 1999, the Electric Discount and Energy Competition Act (EDECA) marked the beginning of New Jersey’s deregulation journey, partially deregulating New Jersey’s electricity and gas markets. However, the legislation led to an estimated $1 billion in deferred balances as the competition did not develop as supporters had hoped. In fact, as of July 2002, less than 0.2% of the state’s electricity customers switched to alternative electricity providers.
As a result, in 2002, Governor James E. McGreevey created the Deferred Balances Task Force to examine the deferred balances that electric utility companies have accumulated. The state saw some progress after following recommendations from the group. However, the state’s residents still experience one of the most expensive electricity rates in the nation.
In a report released in December 2018, only 9.7% of residents have made the switch. The industrial and commercial sector was a little higher with 28.5%.
According to the U.S. Energy Information Administration (EIA), New Jersey was the fifth largest producer of electricity from solar energy in 2017, and nearly 75% of the state's renewable electricity generation came from solar power. The state’s primary renewable energy capacity source was municipal solid waste/landfill gas.
In addition, in 2018, New Jersey made a decision requiring that 21% of the electricity sold in the state be generated from renewable sources by 2021, 35% by 2025, and 50% by 2030.
A lot of WattBuy’s suppliers use renewable energy sources to generate their energy. You can check if any renewable energy sources are available in your area by inputting your zip code at the top of this page!
Enter your address and WattBuy's proprietary energy estimation model will find the best electricity options for your home