Fixed plan: Fixed plans usually require a contract for a term length ranging anywhere from 6 months to 3 years. Customers who choose a fixed plan will pay the same electricity supply rate every month of the contract, regardless of how the default electricity rate fluctuates. A fixed plan provides predictability and rate security to customers who choose this option, though monthly bills will vary based on electricity usage.
Floating plan: Also known as a variable-rate plan, a floating plan offers more flexibility for New Jersey customers because it does not require a long-term contract. However, customers can be charged a different rate every month because of the rise and fall of electricity prices.
Hybrid plan: A hybrid plan often includes features of both fixed plans and floating plans. For example, some hybrid plans will have the customer pay a fixed rate for part of the contract period, and a variable rate for the remainder. Other hybrid plans will provide the customer a fixed rate for part of the electricity supply, and a variable rate for the rest. Contact the supplier for questions about a plan.
Green/Renewable energy plan: New Jersey is dedicated to making green energy accessible to its residents. The state’s energy companies offer several different green energy plans through the Choose Energy marketplace. With so many term lengths and plan types to choose from, green energy plans can fit into most budgets.
Home Services: A number of Choose Energy’s New Jersey partners offer services that go beyond electricity supply. Constellation, and other state electricity suppliers provide additional home services such as HVAC installation, smart thermostats, roof repairs and more.
Renewable Energy Credits (RECs): New Jersey homeowners or business owners can purchase RECs from the state’s electricity providers. RECs are used to further offset a customer’s carbon contributions and help support sustainable energy sources.