Compare New Jersey Electric Rates and Suppliers

Before signing up for a New Jersey electric company or gas provider, it’s important to compare different electricity rates and plans in your area. The free Choose Energy marketplace makes comparing your options and signing up for a plan easy. Enter your ZIP code to explore current New Jersey electric rates near you. The following table shows some of the electric plans in NJ currently featured on the Choose Energy marketplace. All rates are shown in cents per kilowatt-hour (kWh).

*The rates and plans on this page are accurate at the time of writing and based on the standard 1,000 kWh usage. Enter your ZIP code to find the most current electricity rates in your area.

The average electric bill in New Jersey is approximately $119.96 per month. This estimate is based on the latest data from the Energy Information Administration (EIA) for December 2023. The typical household in NJ paid 17.59 cents per kilowatt-hour (kWh) and used 682 kWh per month.

Commercial electricity rates in New Jersey are often cheaper because businesses use much larger quantities of electricity than homes. According to the EIA, the average commercial electricity rate in NJ in December was 13.71 cents per kWh.

New Jersey deregulated its electricity and gas market 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 NJ. 

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 cheap NJ electric rates due to milder temperatures.

In a deregulated market, utility companies deliver electricity and natural gas to homes and businesses and maintain grid infrastructure. If you experience a power outage in New Jersey, contact your utility company to report the outage and receive updates about when your service will be restored.

The primary New Jersey electric utilities are:

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

New Jersey gas utilities include:

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

You can’t choose your utility, but deregulation gives you the power to choose your energy provider. Energy and natural gas providers in New Jersey buy electricity and gas and sell it to consumers. Popular energy providers in New Jersey include Constellation Energy and Direct Energy. Enter your ZIP code to explore available options.

New Jersey price to compare

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 exercise your power to choose an energy provider, you’ll be enrolled in the standard energy plan with your utility under the PTC rate. Compare the PTC in New Jersey to determine whether you can get lower NJ electric rates from another provider.

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

• Fixed-rate plans: If you sign up for a fixed-rate plan, the rate you pay for electricity or gas will stay the same for the entire length of your contract. Contracts usually last 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 cancel because you’re moving out of the provider’s service area.
• Variable-rate plans: You won’t have to sign a contract under a variable-rate plan. You can cancel or switch plans at any time. 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. Variable-rate plans are more flexible than fixed-rate plans, but they’re also riskier. 
• Prepaid and no-deposit plans: Many energy providers require deposits based on your credit score. Some providers offer no-deposit energy plans, which may not require a credit check or deposit to begin service. Prepaid energy plans are a common type of no-deposit plan. With a prepaid plan, you’ll pay for your electricity upfront, ensuring you only pay for the power you use. When the funds in your account run low, your provider will send you a notification.
• 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 energy rates and plans in New Jersey.

Businesses also have the power to choose from various energy and natural gas providers and plans in New Jersey. Your options will depend on your business type, where you are located, and how much power you typically use each month.

Choose Energy can help you find the best commercial electric plans in New Jersey. Fill out the form on our business energy page to receive information about customizing a commercial energy plan in New Jersey today.

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 provide reliable energy plans at competitive rates.

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

• Enter your ZIP code on our free marketplace for a list of plans, providers, and New Jersey electricity rates in your service area.
• Filter and compare results to find the right NJ electricity providers to meet your energy needs.
• Easily select a plan by signing up online or via phone. Let your new provider handle 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 may also lower your energy bill by switching to a different New Jersey electric company or plan.

How much is electricity per kWh in NJ?

The average electricity rate for residential is 15.59 cents per kWh. The commercial average is 13.10 cents per kWh.

Who is the cheapest energy supplier in New Jersey?

Currently, Direct Energy, Constellation, and Frontier Utilities offer some of the cheapest electricity rates in New Jersey. This can vary depending on your plan length and usage.

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

You are not required to sign up for an energy or natural gas plan from a third-party NJ provider. 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.