PSEG's energy comes from natural gas, oil, biomass, other fossil, and solar. Natural Gas is the largest source of electricity, providing 85% of PSEG's energy. Oil is the second largest source, making up 5%. Biomass provides 4% of PSEG's electricity. Other Fossil provides 4% of PSEG's electricity. Solar provides 2% of PSEG's electricity.
85%
Natural Gas
5%
Oil
4%
Biomass
4%
Other Fossil
2%
Solar
The average electricity rate for PSEG customers is 22.07 cents/kWh. PSEG has several different electricity rates for residential customers, as shown in the table below.
| Rate Name | Rate Type | Cost Per kWh |
| Voluntary Residential Service Time-Of-Use | TOU | 20¢ to 58¢ |
| Voluntary Large Residential Service with Multiple Rate Periods | TOU | 16¢ to 49¢ |
| Voluntary Large Residential Service with Multiple Rate Periods | TOU | 18¢ to 31¢ |
| Voluntary Large Residential Service with Multiple Rate Periods | TOU | 20¢ to 31¢ |
| Voluntary Small Residential Service With Multiple Rate Periods | TOU | 18¢ to 58¢ |
| Residential Service(Space Heating) | TOU | 26¢ to 33¢ |
| Voluntary Residential Service Time-Of-Use | TOU | 20¢ to 37¢ |
| Voluntary Residential Service Time-Of-Use | TOU | 20¢ to 66¢ |
| Residential Service | TOU | 17¢ to 63¢ |
| Residential Service(12:00 midnight to 7:00 a.m) | Fixed | 15¢ |
| Residential Service(10:00 p.m. to 10:00 a.m) | Fixed | 15¢ |
| Residential Service | TOU | 26¢ to 58¢ |
| Residential Service | Fixed | 31¢ to 33¢ |
| Voluntary Residential Service Time-Of-Use | TOU | 20¢ to 56¢ |
In 2021, the average PSEG customer lost electricity one time for a duration of 93 minutes. In total, the average PSEG customer had their electricity out for about 67 minutes during the whole year.
Existing Net metered Customers: Generally credited to customer's next bill at retail rate (except avoided-cost rate for micro-CHP and fuel cells); excess for residential PV and wind and farm-based biogas is reconciled annually at avoided-cost rate; excess for micro-hydro, non-residential wind and solar, and residential micro-CHP and fuel cells carries over indefinitely <Br>Phase One transition tariffs: Credits carried over to the next monthly billing period, and over annual periods, however unused credits will be forfeited at the end of the contract.
Instantly discover how much you could save, then get matched with handpicked installers for your custom solar plan.
Yes
No, I rent