Compare electricity rates in Jersey City

Home to 254,441, Jersey City has a lot going on by virtue of its numbers. When details like the ongoing nightlife, the post-secondary academic institutions and the unique neighborhoods are also considered, the demand for dependable and high-quality energy couldn’t be more obvious. Electricity rates in Jersey City do have a few general trends worth noting. Rates often start off solid in January before rising in June and going down around August and September. Electricity prices in Jersey City range from 10.89 cents per kilowatt-hour to 14.29 cents per kilowatt-hour.

The process of deregulation began in 1999. Terms like “deregulating the energy market” may sound complicated, but all it means is that consumers have the option of choosing their energy suppliers. Instead of one company setting prices for everyone, there’s a list of capable companies to choose from. The length of plans are also optional. Put simply, energy choice in Jersey City has never been more varied.

On the business side, deregulation had a profound effect on the energy industry. Before New Jersey began deregulation, the distribution, transmission and sale of electricity was taken care of by a single utility company. Ever since the changes, the same utility company transmits and distributes energy, but different energy providers handle sales. The wires company in Jersey City is Public Service Electric & Gas (PSEG). This utility company services substantial portions of Passaic, Bergen, Union, Mercer, Gloucester, Somerset and Camden. When it comes to finding energy suppliers in Jersey City, however, residents have more choices. To make the decision easier, Choose Energy has partnered with the city’s best energy suppliers in TriEagle, AEP Energy and Constellation.

Renewable energy is slowly being adopted in New Jersey. Green energy accounts for a mere 1.3 percent of energy generation, with landfill gas accounting for 1.2 percent of that number. That said, the state of New Jersey has dedicated itself to a number of green energy initiatives. Fortunately, for those who want to reduce their carbon footprint, Choose Energy has partnered with YEP Energy to provide consumers with renewable energy in Jersey City.