Independent resource. Not affiliated with any utility or energy provider. Data sourced from the U.S. Energy Information Administration.Verified May 2026
New Jersey Electricity Cost 2026: 18.45¢/kWh
New Jersey residential electricity rates average 18.45 cents per kWh in 2026, +2.2% vs the 18.05¢ US national average. The state operates a deregulated retail market with natural gas/nuclear as the primary generation source.
State Rate
18.45
cents/kWh
Monthly Bill
$163
at 886 kWh
vs National
+2.2%
national avg 18.05¢
Rank (cheapest first)
39/50
YoY change +5.2%
Market Type
Deregulated
Residential customers can shop for a supplier
Primary Generation
Natural Gas/Nuclear
per EIA State Energy Profile
Annual Bill (avg usage)
$1,962
vs national $1,919
New Jersey electricity market
Deregulated state. PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric handle delivery; residential customers can shop on the state-run NJ Board of Public Utilities supplier directory. Generation mix favors natural gas and nuclear, with significant offshore wind development underway.
Where New Jersey residents save
Active shopping can save 5-15% on the supply portion. New Jersey's Clean Energy Program offers rebates for heat-pump conversion, EV charger installation, and home weatherization. Community Solar pilots expand low-income access to solar.
Primary utilities
- PSE&G
- JCP&L (Jersey Central Power & Light)
- Atlantic City Electric
Official New Jersey supplier comparison tool
New Jersey runs an official, vendor-neutral supplier comparison portal. Use it to see all licensed retail suppliers serving your ZIP code, compare per-kWh supply rates, and check contract terms before signing up.
NJ Board of Public Utilities →New Jersey bill estimates by usage
| Home Profile | Monthly kWh | Monthly Bill | Annual Bill |
|---|---|---|---|
| Apartment | 500 | $92 | $1,107 |
| Small house | 750 | $138 | $1,661 |
| Average household | 886 | $163 | $1,962 |
| Large house | 1200 | $221 | $2,657 |
| Large house + EV | 1500 | $277 | $3,321 |
Estimates use the New Jersey state-average rate of 18.45¢/kWh from EIA data. Your actual bill includes delivery charges, customer-service fees, and state/local taxes already blended into this retail rate, plus any locality-specific surcharges not captured at the state-average level.