Nj Electric Rates

In the late 1990 s new jersey passed legislation to open up the energy industry to competitive energy suppliers and provide new jersey electricity and gas customers with a choice of who they use for their energy supply.

Nj electric rates.

Below are average electricity rates for new jersey as published by the energy information administration a part of the department of energy of the united states government. Compare nj electric rates. Overview of new jersey s competitive electricity and gas market. Perhaps the high average energy costs were the reason why new jersey deregulated its retail sector in 1999 with the electric discount and energy competition act edeca and gave the residents choice in the.

Keep reading to learn everything you need to know about new jersey electricity rates. New jersey offers a variety of plans including fixed rate which offers the same supply rate throughout the year and variable plans with the potential for different seasonal rates. The average residential electricity rate of 15 78 kwh in nj is 32 83 greater than the national average residential rate of 11 88 kwh. Since then residents of new jersey have the power to choose an energy service company and save on the supply portion of their bill.

The average commercial electricity rate in new jersey is 12 08 kwh compared to the us national average of 10 27 cents per kilowatt hour. In late 1990s new jersey deregulated its energy market and separated supply and delivery charges. New jersey electric rates. Residential electricity rates in new jersey average 15 78 kwh which ranks the state 7th in the nation.

Compare electricity prices in new jersey and save on energy today. Energy deregulation gives customers the freedom to choose a default new jersey electric company or third party electric supplier. Compare electricity rates in new jersey admin 2018 07 14t19 36 02 00 00 atlantic city electric the atlantic city electric ace utility company serves 482 138 residential customers in south new jersey. You can also enter your zip code at any time to compare rates in your area instantly.

Over 1 million new jersey residents already took advantage of the lower rates offered by the alternative suppliers. The average for residential electricity price and the commercial electricity price are provided on a monthly basis. Compare nj natural gas rates. Atlantic city electric serves 550 000 electricity customers throughout southern new jersey.