Compare New Jersey Electric Rates & Prices

New Jersey has a deregulated energy market, letting residents and business owners choose their electric company or natural gas provider from a range of options. If you’re new to deregulation, Choose Energy makes it easy to learn more about the market, and compare New Jersey electricity rates and providers to find the best energy plan for your needs. Enter your ZIP code on this page to explore current New Jersey electric rates near you.

The following table shows the current available New Jersey electricity rates on the Choose Energy marketplace. All rates are shown in cents per kilowatt-hour (kWh).

The price to compare (PTC) is the default energy rate set by your local utility company. PTC might also appear as the Standard Offer Service (SOS). If you don’t sign up for a plan with an energy provider in your area, you’ll automatically be enrolled in a standard energy plan with your utility under the PTC rate. You can use your utility’s PTC to determine whether you can get lower New Jersey electricity rates from another provider.

*The rates and plans on this page are accurate at the time of writing and based on the standard 1,000 kWh usage for the 07104 ZIP code.

The following is the latest data from the Energy Information Administration (EIA), and breaks down the average New Jersey electric rates for residential and business customers:

• The latest average residential New Jersey electricity rate is 19.64 cents per kWh. This average is 15.5% higher than the national average of 17.01 cents per kWh.
• The latest average commercial New Jersey electricity rate is 14.74 cents per kWh, which is 20.6% higher than the national average rate of 12.22 cents per kWh.

When you enter your ZIP code on this page, you’ll find a few types of energy plan available. The most common electricity and natural gas plans are:

• Fixed-rate plans: With fixed-rate plans, your New Jersey electric rate stays the same for the entire length of your contract, which usually lasts between six months and three years. If you cancel your contract before it ends, your provider will likely charge an early termination fee (ETF). You won’t incur an ETF if you’re moving out of the provider’s service area.
• Variable-rate plans: You can cancel or switch plans at any time without paying an ETF with a variable-rate plan. However, your electric rate will change each month based on the wholesale cost of electricity. When demand is low, you could receive a cheap electric rate. When demand goes up, your rate may spike.
• Prepaid and no-deposit plans: Many energy providers require deposits based on your credit score. Some providers offer no-deposit energy plans, such as prepaid plans, which don’t require a deposit to begin service. You pay upfront for electricity, only for what you use. Your provider will notify you when your balance is low.
• Renewable energy plans: Many energy providers offer electric and gas plans powered by green energy sources, like wind energy and solar power. You can find the percentage of green energy included in a plan in the Electricity Facts Label (EFL). Enter your ZIP code to check renewable New Jersey electricity rates.

New Jersey deregulated its electricity and gas market back in 1999, allowing residents to choose their electric and gas providers from various available companies. A deregulated energy market increases competition among providers and, as a result, can help you secure cheaper electric rates in New Jersey.

Because of deregulation, you can shop for energy plans based on where you live by entering your ZIP code or calling the number on this page. In times of low energy demand, such as spring and fall, you might be able to secure the best New Jersey electricity rates.

Energy suppliers in New Jersey

In a deregulated market, you work with an electric supplier and a utility company. Energy and natural gas providers in New Jersey sell you your plan and handle your account and billing information. You can search your ZIP code on Choose Energy to find and compare the lowest New Jersey electricity rates. The following are several electricity providers that service the New Jersey area:

• Constellation Energy
• Direct Energy
• Frontier Utilities
• Clearview Energy
• Smart Energy
• CleanChoice Energy

New Jersey’s deregulated energy market also includes natural gas. The following are natural gas companies servicing New Jersey residents:

• Elizabethtown Gas
• New Jersey Natural Gas
• Public Service Electric & Gas
• South Jersey Gas

Utility providers in New Jersey

Your utility company delivers electricity and natural gas to your home or business, and monitors and maintains grid infrastructure. Your utility is determined based on where you live, so you can’t choose your own. If you experience a power outage in New Jersey, contact your utility company to report the outage or receive updates about when service will be restored. Here are the utility companies servicing New Jersey:

• Atlantic City Electric
• Jersey Central Power & Light
• Public Service Electric & Gas
• Rockland Electric
• Vineland Municipal

Deregulation also gives New Jersey business owners the freedom to choose their energy provider. New Jersey ranks 11th nationally for the number of small businesses, with more than 860,000 operating across the state.

The average commercial electric rate in New Jersey is 14.74 cents per kWh. If you own a business in New Jersey, fill out our commercial energy form to get started building a customized business energy plan today. Or you can call the number on your screen to speak with one of our energy experts.

The average electric bill in New Jersey is approximately $125.50 for residential customers. This is calculated by multiplying the latest average New Jersey electricity rate of 19.64 cents per kWh with the state’s typical monthly energy usage of 639 kWh. The average energy bill in New Jersey is about 15.8% lower than the national average residential bill of $145.44.

Since 2008, Choose Energy has helped residents and businesses in deregulated areas find the best electric rates and plans. We partner with trusted New Jersey electricity providers to offer reliable energy plans at competitive rates.

With Choose Energy, you can sign up for your new energy plan in three simple steps:

• Enter your ZIP code: Use our free marketplace to search for available electricity plans in your area.
• Compare plans: Filter and compare results to find the best New Jersey electricity providers and pick a plan that meets your energy needs.
• Sign up in minutes: Simply sign up online or over the phone in just a few minutes. Your new provider handles the switch so you can enjoy your New Jersey electricity savings.

How long does it take to switch energy providers?

Finding and switching to a new energy plan or provider is quick and easy. You can complete the process online in a few minutes, and your service will typically go into effect on the next billing cycle (usually within 30–60 days). Some providers may offer same-day service, although this will vary by provider and plan.

How can I lower my electric bill?

Using less power is the most straightforward way to lower your electricity bill. There are many ways to lower your energy usage, including investing in energy-efficient appliances and unplugging devices when you aren’t using them. You could also lower your energy bill by switching to a different New Jersey electric company or plan.

Who is the cheapest electric supplier in New Jersey?

Currently, Frontier Utilities and Clearview Energy offer some of the cheapest New Jersey electricity rates. Prices may vary depending on location, plan length, and usage level. Enter your ZIP code on this page to compare current energy prices available near you.

What happens if I don’t choose a retail energy provider?

You aren’t required to sign up for an energy or natural gas plan from an alternative New Jersey energy company. If you don’t sign up for a plan, you’ll automatically be enrolled in one through your utility company under the default monthly rate, also known as the price to compare.

Is a deposit required for my energy plan?

Many energy suppliers require a deposit before beginning service. Deposit requirements are based on your credit score, so you may be exempt if your credit score is high. If you have a lower credit score or want to avoid paying a deposit, check for no-deposit options, such as prepaid energy plans, available in your area.