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.
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pseg.com
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
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 Name | Rate Type | Cost Per kWh |
| WHS - Water Heating Storage Service (CLOSED Rate) | Fixed | 1¢ |
| RS - Residential Service | Fixed | 5¢ to 6¢ |
| RS - Residential Service | Fixed | 19¢ to 21¢ |
| RHS - Residential Heating Service | Fixed | 3¢ to 7¢ |
| RLM - Residential Load Management (TOU) | TOU | 10¢ to 33¢ |
| WHS - Water Heating Storage Service (CLOSED Rate) | Fixed | 1¢ to 7¢ |
| RHS - Residential Heating Service | Fixed | 15¢ to 20¢ |
| RLM - Residential Load Management (TOU) | TOU | 3¢ to 10¢ |
The price to compare for PSEG is 9.34¢. Rates are based on an estimated usage of 1,150 kWh per month.Update usage.
| Provider | Plan | Rate Per kWh | Plan Length | ||
|---|---|---|---|---|---|
| Verde Energy | Clean Power 12 cheapestcheapest renewablecheapest 12 months | 15.79¢ | 12 months | Choose Plan | |
| Constellation Energy | 12 Month Home Power Plan | 16.49¢ | 12 months | Choose Plan | |
| Direct Energy | Live Brighter 8 cheapest <12 months | 16.99¢ | 8 months | Choose Plan | |
| Direct Energy | Live Brighter 12 | 17.69¢ | 12 months | Choose Plan | |
| Constellation Energy | 24 Month Home Power Plan cheapest 13+ months | 17.99¢ | 24 months | Choose Plan | |
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.
Generally credited to customer's next bill at retail rate; excess reconciled annually at avoided-cost rate