Electricity rates — New Jersey

What a typical bill in New Jersey costs

At 1,000 kWh a month the 5 generally available plans here run from $2,423.04 on Residential TOD Service to $3,429.32 on RS-TOU-3P - Residential TOU 3 Period Service, with a median of $2,781.56.

Effective rates span 20.2¢ to 28.6¢ per kWh at that usage.

What households in New Jersey pay, by EIA's count

New Jersey's residential electricity averaged 23.8¢ per kWh over the 12 months to June 2026, the 11th-highest of the 50 states and DC and 33% above the US average of 17.9¢. It sits between Vermont (23.7¢) and Washington, DC (24.0¢).

EIA lists 5 utilities serving homes in New Jersey. By homes served, the largest 5 are Public Service Elec & Gas Co (2,056,231), Jersey Central Power & Lt Co (1,038,258), Atlantic City Electric Co (506,488), Rockland Electric Co (66,360), and City of Vineland - (NJ) (22,774). Investor-owned utilities supply about 95% of its households on full service.

Prices in New Jersey jumped 16.0% in a year, from 20.5¢ to 23.8¢ per kWh. Over five years they rose 46.7%, well ahead of the US's 34.7%.

New Jersey homes used the most electricity in July and the least in April (2021–2025): a summer peak, 2.3 times the lightest month. July's bills were the highest, averaging $218; April's the lowest, $86. July was the dearest month per kWh, 14% above February.

The utilities with a ranked plan on this page serve about 85% of New Jersey's households: Public Service Elec & Gas Co (2,056,231), Jersey Central Power & Lt Co (New Jersey) (1,038,258). Their median plan at 1,000 kWh a month works out to 23.2¢ per kWh, 3% below EIA's average, which is why this page compares that median with other states'.

Chart of this for reuse (PNG), free to republish under CC BY 4.0 with credit to WattClear. Suggested alt text: “Bar chart. New Jersey's average home electricity price, July 2025 to June 2026, was 16.0% higher than the 12 months before, the 2nd-largest rise of the 50 states. Washington, DC: +24.9%. United States average: +6.7%. Source: U.S. Energy Information Administration.”

In the guides: Summer and winter bills, state by state

How New Jersey compares

At 1,000 kWh a month the median plan in New Jersey costs $2,781.56 a year: the 12th-highest of the 30 states whose indexed plans stand for them, and 21% more than their median of $2,303.60. It sits between Pennsylvania ($2,772.87) and Vermont ($2,817.63).

Its cheapest open plan, Residential TOD Service from Jersey Central Power & Lt Co (New Jersey) at $2,423.04, is the 10th-highest of the 30 states' cheapest plans.

The largest fixed charge on any plan here is $13.94 a month, the 4th-smallest such charge of the 30 states.

In the guides: What published electricity plans cost, state by state · What a bill costs before a single kilowatt-hour

What each provider in New Jersey costs

2 utilities serve customers across New Jersey in this data. At 1,000 kWh a month the cheapest of them is Jersey Central Power & Lt Co (New Jersey) at $2,423.04 a year on Residential TOD Service; the dearest is Public Service Elec & Gas Co at $2,781.56.

That is $358.52 a year between the best each provider offers.

Cheapest available plan by provider: Jersey Central Power & Lt Co (New Jersey) $2,423.04; Public Service Elec & Gas Co $2,781.56.

Which plan in New Jersey is cheapest as use rises

The cheapest plan in New Jersey changes with consumption. At 500 kWh a month Residential Service wins at $1,190.76 a year; at 2,000 kWh Residential TOD Service wins at $4,749.23.

The penalty for a poor choice grows with usage: $559.91 a year at 500 kWh against $2,037.41 at 2,000 kWh.

How New Jersey's plans are structured

Of 20 priceable plans: 6 tiered, 8 time-of-use, 8 priced by season, 4 flat-rate.

Fixed monthly charges run from $1.03 to $13.94.

Who provides New Jersey's plans

These plans come from 2 utilities: Jersey Central Power & Lt Co (New Jersey), Public Service Elec & Gas Co.

The largest saving among New Jersey's plans

Moving from RS-TOU-3P - Residential TOU 3 Period Service to Residential TOD Service saves $1,006.28 a year at 1,000 kWh a month, with no change in consumption.

What the New Jersey figures do not cover

8 of these plans price by the hour; their figures assume the typical hourly pattern of homes in New Jersey, not this household's own hours.