Independent resource. Not affiliated with any utility or energy provider. Data sourced from the U.S. Energy Information Administration.Verified June 2026
New Jersey Electricity Cost 2026: 23.53¢/kWh
New Jersey residential electricity rates average 23.53 cents per kWh in 2026, +25.0% vs the 18.83¢ US national average. The state operates a deregulated retail market with natural gas/nuclear as the primary generation source.
State Rate
23.53
cents/kWh
Monthly Bill
$203
at 863 kWh
vs National
+25.0%
national avg 18.83¢
Rank (cheapest first)
40/50
YoY change +16.8%
Market Type
Deregulated
Residential customers can shop for a supplier
Primary Generation
Natural Gas/Nuclear
per EIA State Energy Profile
Annual Bill (avg usage)
$2,437
vs national $1,950
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 | $118 | $1,412 |
| Small house | 750 | $176 | $2,118 |
| Average household | 863 | $203 | $2,437 |
| Large house | 1200 | $282 | $3,388 |
| Large house + EV | 1500 | $353 | $4,235 |
Estimates use the New Jersey state-average rate of 23.53¢/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.