In New Jersey, you can choose your electricity and natural gas suppliers. After switching energy suppliers, the only difference you'll notice will be your bill. Millions of Americans have already made the switch. Need a good reason to switch? New Jersey residents saved up to 19% on electricity bills.
We have provided you with some of our competitive rates in your area, which we have determined to be 07624.
|Supplier||Plan||Energy Term Length||Price per kWh|
|12 Month Home Power Plan||12 month fixed||11.49¢|
|Eagle 12||12 month fixed||11.76¢|
|Eagle 36||36 month fixed||11.56¢|
|Eagle 24||24 month fixed||11.66¢|
|12 Month Green Home Power Plan||12 month fixed||12.39¢|
We have 27 more plans available in 07624.Shop Rates
New Jersey Energy Deregulation: The History
New Jersey passed the Electric Discount and Energy Competition Act in 1999, kicking off the energy deregulation process for New Jersey consumers. Through the EDECA, New Jersey residents won the right to choose electricity and natural gas plans based on competitive rates and personal budgets.
Since the New Jersey energy market was deregulated, residents have had the opportunity to save on their energy supply rates by exploring energy plans that align with their lifestyles through the Choose Energy marketplace.
Are New Jersey home or business owners required to buy a deregulated energy plan?
If you own a home or business in New Jersey, you are not required to purchase a deregulated plan. If you choose not to, your electricity and natural gas will be supplied by your local utility company at its default monthly rate. However, paying the monthly default rate will potentially have you spending more money per month on your energy bill, so explore the Choose Energy marketplace to see if you can find a better deal on your monthly energy costs.
What types of plans and products are offered in New Jersey?
Fixed plan: Fixed plans usually require a contract for a term length ranging anywhere from 6 months to 3 years. Customers who choose a fixed plan will pay the same electricity supply rate every month of the contract, regardless of how the default electricity rate fluctuates. A fixed plan provides predictability and rate security to customers who choose this option, though monthly bills will vary based on electricity usage.
Floating plan: Also known as a variable-rate plan, a floating plan offers more flexibility for New Jersey customers because it does not require a long-term contract. However, customers can be charged a different rate every month because of the rise and fall of electricity prices.
Hybrid plan: A hybrid plan often includes features of both fixed plans and floating plans. For example, some hybrid plans will have the customer pay a fixed rate for part of the contract period, and a variable rate for the remainder. Other hybrid plans will provide the customer a fixed rate for part of the electricity supply, and a variable rate for the rest. Contact the supplier for questions about a plan.
Green/Renewable energy plan: New Jersey is dedicated to making green energy accessible to its residents. The state’s energy companies offer several different green energy plans through the Choose Energy marketplace. With so many term lengths and plan types to choose from, green energy plans can fit into most budgets.
Home Services: A number of Choose Energy’s New Jersey partners offer services that go beyond electricity supply. Direct Energy, Constellation, and other state electricity suppliers provide additional home services such as HVAC installation, smart thermostats, roof repairs and more.
Renewable Energy Credits (RECs): New Jersey homeowners or business owners can purchase RECs from the state’s electricity providers. RECs are used to further offset a customer’s carbon contributions and help support sustainable energy sources.
I’m ready to look for a deregulated energy plan! Now what?
Now that you have all the facts, you can head over to the Choose Energy marketplace to explore your options. Simply enter your New Jersey ZIP code to find a rate, plan type, and term length that fits your lifestyle and budget. Homeowners, commercial business owners and small business operators can purchase deregulated energy plans through Choose Energy – start exploring!
I'm excited to go green, but even more excited that it's cheaper than my old rate! Plus, I locked in a fixed rate for six months.
Francis, Somers Point, NJ