Compare New Jersey Electric Prices

New Jersey switched to a deregulated electricity and gas market in 1999. Because of this, residents can choose their electricity providers. A deregulated energy market increases competition and can lower your rates. The New Jersey Board of Public Utilities continues to track fair rates and energy regulations in New Jersey.

Before 1999, New Jersey residents did not have a choice. Their energy supply and delivery were one cost controlled by the area’s supplier. Now, you can search plans based on where you live by entering your ZIP code. In times of low energy demand, such as spring and fall, you might be able to secure a cheaper fixed rate due to milder temperatures.

Before selecting New Jersey energy providers using Choose Energy’s free marketplace, you should fully understand your energy choices. Our mission is to help you determine your best options by providing educational guides, clear information, and easy-to-use tools. Our energy resources can help you confidently shop and select the right energy supplier to guarantee New Jersey electricity savings. Enter your ZIP code to compare electricity rates in New Jersey.

• What is the difference between a fixed-rate, variable-rate, and prepaid plan? Due to seasonal differences, the average electric bill in New Jersey will likely vary. Fixed-rate plans are the most traditional, offering stability and consistent monthly pricing. Variable-rate plans can fluctuate monthly. Prepaid plans require monthly payments, usually at higher rates.
• Are there different renewable energy plans? New Jersey offers a variety of renewable energy options. These green energy plans include renewable energy from sources like solar power, renewable energy credits, carbon offsets, and buyback programs.
• What happens if you don’t buy from a supplier? You are not required to purchase a deregulated plan from a third-party supplier. If you choose not to, your local utility company will supply your electricity and natural gas at its default monthly rate.
• How can I lower my electricity bill? The average cost of electricity has increased, but there are still ways you can reduce your bill. Consider switching providers, choosing a green energy plan, investing in energy-efficient appliances, and regularly maintaining your home.
• What is a no-deposit plan? If you want to manage your energy cost, no-deposit plans allow you to pay upfront and refill your account when its funds are low.

In a deregulated market, utility companies deliver electricity to your home or business. They also maintain power lines, poles, meters, and energy infrastructure. You should contact your utility if a power outage strikes you in New Jersey.

Price to Compare (PTC) is the default rate set by the utility company. PTC might appear as the Standard Offer Service (SOS). With PTC in deregulated areas like New Jersey, you can determine if you can get a lower rate from another provider.

The five principal New Jersey electric utilities are Atlantic City Electric, Jersey Central Power & Light, Public Service Electric & Gas, Rockland Electric, and Vineland Municipal. The Garden State also has four gas utilities: Elizabethtown Gas, New Jersey Natural Gas, Public Service Electric & Gas, and South Jersey Gas.

Meanwhile, energy suppliers are the companies that buy electricity and gas and sell them to consumers. Due to deregulation, you can purchase energy plans from many available New Jersey electric and natural gas suppliers, including Constellation Energy and Direct Energy. The New Jersey Board of Public Utilities approves and licenses all third-party New Jersey energy providers.

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 go into effect on the next billing cycle (usually within 30–60 days).

Is a deposit required for my energy plan?

Each provider has criteria for when it requires a deposit, usually based on your credit score. If you’d prefer not to pay a deposit, filter your search results for no-deposit plans.

How can I lower my electric bill?

There are many ways to lower your energy usage and bills, including switching to a new provider, investing in energy-efficient appliances, and opting for a renewable energy plan.