PSEG Electricity Rates and Plans

Public Service Enterprise Group (PSEG) is a publicly traded energy company that provides electricity and natural gas to customers in New Jersey. The company serves approximately 2.3 million electric customers and 1.8 million gas customers in the state. PSEG operates three nuclear power plants in New Jersey, which provide around 40% of the state's electricity. The company also operates numerous solar projects throughout the state, including the largest solar farm in New Jersey, located in Burlington County. In addition to generating and distributing energy, PSEG is committed to environmental stewardship and has set ambitious goals to reduce its carbon emissions. The company is also dedicated to giving back to the communities it serves, supporting various charitable organizations and initiatives throughout New Jersey.

Phone

1-800-436-7734

Website

pseg.com

PSEG Energy Sources

PSEG's energy comes from nuclear, natural gas, biomass, solar, and other fossil. Nuclear is the largest source of electricity, providing 65% of PSEG's energy. Natural Gas is the second largest source, making up 32%. Biomass provides 1% of PSEG's electricity. Solar provides 1% of PSEG's electricity. Other Fossil provides 1% of PSEG's electricity.

65%

Nuclear

32%

Natural Gas

1%

Biomass

1%

Solar

1%

Other Fossil

PSEG Rates

The average electricity rate for PSEG customers is 17.4 cents/kWh. PSEG has several different electricity rates for residential customers, as shown in the table below.

Rate NameRate TypeCost Per kWh
RS - Residential ServiceFixed5¢ to 6¢
RLM - Residential Load Management (TOU)TOU3¢ to 10¢
WHS - Water Heating Storage Service (CLOSED Rate)Fixed
RS - Residential ServiceFixed19¢ to 21¢
RLM - Residential Load Management (TOU)TOU10¢ to 33¢
RHS - Residential Heating ServiceFixed15¢ to 20¢
RHS - Residential Heating ServiceFixed3¢ to 7¢
WHS - Water Heating Storage Service (CLOSED Rate)Fixed1¢ to 7¢

PSEG Electricity Plans

The price to compare for PSEG is 9.48¢. Rates are based on an estimated usage of 1,150 kWh per month.Update usage.

ProviderPlanRate Per kWhPlan Length
Verde Energy

Clean Power 12

cheapestcheapest renewablecheapest 12 months
14.79¢12 monthsChoose Plan
Constellation Energy

12 Month Home Power Plan

15.99¢12 monthsChoose Plan
Direct Energy

Live Brighter 6

cheapest <12 months
16.79¢6 monthsChoose Plan
Constellation Energy

24 Month Home Power Plan

cheapest 13+ months
16.79¢24 monthsChoose Plan
Tomorrow Energy

Earth Care 12

16.94¢12 monthsChoose Plan

PSEG Reliability

In 2021, the average PSEG customer lost electricity one time for a duration of 92 minutes. In total, the average PSEG customer had their electricity out for about 60 minutes during the whole year.

Netmetering

Generally credited to customer's next bill at retail rate; excess reconciled annually at avoided-cost rate

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