Compare electricity rates in Toms River

Toms River is the eighth most populous city in the state of New Jersey, with a population of 92,033. Home to some of the nicest beaches in New Jersey, Toms River is an important economic hub in the state. Consequently, it Toms River requires reliable and cost-effective energy to support both the city’s residents and local businesses. Since Toms River has unpredictable weather, with cold winters, hot summers, and cool falls, it can be a bit of a challenge to determine the perfect time to shop for energy needs. However, rates are typically cheapest in the fall months leading up to winter and in the early spring. Toms River electricity rates are competitively priced between 9.69 to 12.14 cents per kilowatt-hour while natural gas rates vary from 36.90 to 46.40 cents per therm.

Due to energy deregulation, consumers now have the opportunity to shop for the company that will supply their energy needs. Prior to energy deregulation, a consumer’s energy needs were supplied by a single company that was responsible for the transmission, delivery, sale, and payment for energy. Since it was dominated by this single company, the utility company was able to charge a high rate for energy, as there was no competition.  Now, New Jersey energy deregulation has allowed people in Toms River to shop around for their energy supplier.

Before energy deregulation in Toms River only one company handled the transmission, delivery, sale, and payment of energy. Since deregulation, the transmission and delivery of energy is managed by a single company, while the sale and payment of energy is now provided by companies giving the customer choice. Jersey Central Power and Light is the primary utility for Toms River residents. In order to provide the best service possible, Jersey Central Power and Light has partnered with the best energy suppliers in the region, like North American Power and TriEagle.

New Jersey ranks 47th in renewable electricity in the nation. Toms River is working hard to improve this ranking by promoting alternative sources of energy, like wind and solar power. To provide green energy to businesses and residents in Toms River, Jersey Central Power and Light has an agreement with YEP Energy to be the preferred supplier of renewable energy in the city.