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Find the Cheapest Energy Rates in New Jersey

New Jersey residents benefit from a competitive energy market place in which a pool of retail energy providers must work to gain and retain customers. Energy suppliers use all kinds of strategies to attract new customers. Sorting through these complicated plans, varying rates, contract lengths, introductory rates, bill credits, minimum usage levels, cancellation fees, energy sources and more, can be overwhelming. Find security knowing our energy experts are on your team.

The tricky part is, how do you pick the right energy provider and the best plan for your individual energy needs? Have confidence in your energy choices by relying on our team of professionals and their years of experience. With Price To Compare, we empower you to identify and secure dependable energy at predictable, reasonably priced rates. Our energy specialists compile an apples-to-apples comparison chart based on your home’s current energy costs and available energy suppliers in your area.

Own a business, too? You can get a free quote as you shop NJ gas and electric suppliers and keep the bottom line on your electricity or natural gas bill at rock bottom. Price To Compare makes it easy for any sized business to compare electricity & natural gas rates in New Jersey. We will help you make the most of your commercial and small business energy options.

New Jersey Electricity Rates

The average utilities cost in NJ for electric rates is 14% higher than the national average. This means taking advantage of the deregulated energy market to lower your cost of electricity in NJ is essential. On top of that, market fluctuations through changes in consumer demand, wholesale energy prices and even seasonal weather patterns can create unpredictable high electric bills. The good news is, together we can stabilize your energy costs and ensure you are getting your best rate.

With our easy-to-use energy marketplace, you can shop New Jersey electricity suppliers and plans quickly, so you can switch electricity providers in less than 5 minutes! Compare electric rates in NJ.

Average residential  price per kwh in New Jersey:

16.93 ¢/per kWh

Pro Tip: To compare NJ electric rates, check your current costs first. Look at your “electric supply charges,” shown in cents per kWh. This is the portion charged by your energy supplier. In other words, it's the cost you have control over. Have your current electric or natural gas bill handy to compare suppliers and rates.

(Updated February 2021 with most recent data available)

U.S. Energy Information Administration


NJ Natural Gas Rates Comparison

There are four major providers of natural gas throughout the Garden State. Elizabethtown Gas, New Jersey Natural Gas, Public Service Electric & Gas and South Jersey Gas all compete to supply local residents and businesses with natural gas. With deregulation, NJ natural gas suppliers must offer attractive rates which reduces the average gas bill in New Jersey. Affordable and reliable, 75% of New Jersey residents take advantage of natural gas to heat their homes.


Find a lower rate for natural gas.

Alternative Energy Answers in New Jersey

One of the most exciting things about energy in New Jersey is the state’s strong commitment to energy independence. Ahead of the curve, New Jersey requires an inspiring 21% of the electricity sold by energy suppliers to be sourced from renewable energy.

The future is bright for New Jersey solar power production. The Garden State is sixth in the nation for solar generated electricity and third for small-scale solar, such as PV panels atop homes and businesses. In fact, 6.5% of all electricity made in-state is from the sun’s abundant energy.

Saving on your home’s energy costs and helping the environment is a breeze for New Jersey residents! New Jersey’s Board of Public Utilities just approved another off-shore wind installation, which means New Jersey will have a whopping 7,500 megawatts of wind power by 2035.

It’s easy to save on “green” while you go green! Local clean energy production is made cheaper every day through increasing consumer demand, innovative technology, and greater production of renewable energy. We’re here to help you find the best green energy prices on the market.

Renewable energy options for your home.

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Find Lower Commercial Energy Rates with NJ Energy Suppliers

Could your business benefit from lower commercial electricity or natural gas rates? Price To Compare is here to help. With 40,000 businesses serviced nationwide, we leverage our extensive networks to negotiate energy costs. This advantage can cut your energy bill by as much as half the average commercial energy rate. You can plan with certainty that you have the best available fixed-rate plan on the market.

Researching energy companies, rates, and plans can be time-consuming and frustrating. Let our dedicated energy professionals handle the heavy lifting of anticipating shifts in the energy market for you. Our knowledgeable team members can compare energy rates in NJ while you focus on your business.

Whether you run a trendy coffee shop in Princeton or productive cranberry bog in Chatsworth, Price To Compare can support your business’ energy goals. Save on the bottom line of your commercial energy bill and get closer to your other business objectives. Cut high electric and gas supply charges, and find savings with us today!

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Pro Tip: Do you have ambitious energy goals for your business? Renewable Energy Credits can help you offset your carbon footprint and comply with mandated renewable energy initiatives. At the same time, examining your company’s energy usage times can help you take advantage of avoiding costly Time of Use Tariffs with higher rates for energy used during peak consumption times.

Suppliers and Utilities

New Jersey Electricity Suppliers

There are a wide variety of utility companies that service New Jersey. Residents may purchase electricity from local utility companies at their default power rate. Or, for those looking to lower their average utilities cost,  Price To Compare can make shopping retail energy suppliers (REPs) as simple as flipping a switch.

Also called energy providers, REPs are responsible for either generating or purchasing electricity before selling it to you. While utility companies also manage and distribute energy produced by suppliers. Review our Pro-Tips for choosing the right energy supplier.

Pro Tip: Always call your utility company rather than your energy provider in a power emergency.

Utility companies in New Jersey

  • Jersey Central Power & Light (JCP&L) supplies 1.1 million homes and businesses throughout northern and central New Jersey with the energy they need.
  • Rockland Electric Company (RECO), a subsidiary of Orange and Rockland Electric Company, provides electricity to Bergen, Passaic and Sussex counties in NJ.
  • Atlantic City Electric (ACE) works to provide southern New Jersey residents with dependable energy.
  • Public Service Enterprise Group (PSE&G) serves a central corridor from Bergen across the state to Gloucester counties.


Pro Tip: You will find two main charges on your energy bill and understanding the difference can help save you money. First, the utility charge is a fixed-rate expense and is dictated by your zip code and local utility company. It’s based on the cost of delivering energy from the generator to your home, maintaining electric lines and expenses for upkeep of the electric grid. Second, the “supply charges” include the cost of making and storing the energy. That’s what we can help you lower.

Deregulation

About Energy Deregulation in New Jersey

The formation of New Jersey’s competitive energy market began in 1999 with the Electric Discount and Energy Competition Act (EDECA). With energy deregulation monitored by New Jersey Board of Public Utilities, suppliers must now compete for consumers, driving down the average cost of electricity while promoting more customer-centric service plans. Learn more about how deregulation supports a strong energy market place.

New Jersey residents and business owners benefit from the power to choose their power. Ready to start saving on your home’s energy bills? Compare electricity & natural gas rates in New Jersey with Price To Compare.

Change energy suppliers in five simple steps.

Shop Electricity Plans in New Jersey

Over 8.8 million residents live and work in NJ, and deserve cheap, reliable electricity. You may be wondering: how much does a kWh cost in NJ? Today, the average NJ kWh cost on residential electricity is 16.93 cents/kWh. Energy costs change regularly, so let’s walk through the types of energy plans offered and find the one that’s right for you.

  • Fixed-Rate Electricity Plans: Fixed electric rates are locked in through a contract, keeping your individual rate consistent regardless of the current local electric rate. While the wholesale cost of electricity varies, these plans help keep your budget predictable and affordable, giving you the energy security you need.
  • Variable-Rate Electricity Plans: These rates are determined by the current state of the energy market. You get a cheaper rate when energy is abundant but pay higher rates in times of high demand or low production. These plans offer the flexibility of no contract but are higher risk.
  • Pre-Paid Plans: Using a smart meter, the customer puts money into an account. Then the provider adjusts the account as energy is used. When the balance runs low, the consumer adds additional funds to an online account and no contract is required.

Pro Tip: Most often, residents prefer fixed-rate plans. We can help you avoid nasty cancellation fees, rate hikes, minimum usage fees, and peak energy use times—basically being overcharged for turning the lights on. Every day, our energy experts consider all of these factors and more.

  • Green Energy Plans: Don’t let another sunny day go by before you start saving! Consider that you’ve got exciting, affordable energy choices. Wind, solar, biomass, biogas, geothermal, or hydroelectric—our powerful network connects you to the energy source of your choice. Power your home while supporting eco-friendly electricity initiatives and local jobs in just a few clicks. Price To Compare can guide you to competitive renewable energy plans!

Pro Tip: Check your current energy bill to see what percentage of your power is currently renewable. Partial or 100% renewable plans can change the way you live in New Jersey.

Which Rate is Right for You?

Take comfort knowing our dedicated energy experts have your back. We’ve been in this industry for over a decade and have one of the largest national networks of commercial energy suppliers. With over 50 years of combined executive experience, our team of energy professionals constantly monitor the current landscape for changes that affect your energy costs. We believe keeping your home or business bright, comfortable, and functioning smoothly should be straightforward!

Not Sure Where To Begin?

Let Price To Compare eliminate the complications and dig through the details for you. If you're not sure where to start, contact one of our experienced Energy Consultants today!

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More energy questions as you compare electricity & natural gas rates in New Jersey?

  • Read how to change energy suppliers in 5 simple steps. Find out how simple the switch can be. Don’t worry, you’ll never be without electricity.
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