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.