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New Jersey energy rates

New Jersey is one of fewer than half of all states in the country that has a deregulated energy market, meaning its residents can choose their own electricity and natural gas provider. The SaveOnEnergy marketplace makes it easy for New Jersey customers to shop and compare energy providers and energy plans at no cost to you.

New Jersey electricity rates

Plan Name Plan Length Rate
YEP Energy - 24 Month Fixed 24 months $0.162 / kWh
YEP Energy - 24 Month Fixed Plant-A-Tree Plan 24 months $0.164 / kWh
YEP Energy - 24 Month Fixed Green 24 months $0.171 / kWh
YEP Energy - 12 Month Fixed 12 months $0.190 / kWh

Please note: All rates above are accurate as of 8/14/2022, 8:45:03 PM CDT for utility Jersey Central Power & Light. Rates may have changed since this date/time. For the most up to date rates in your area, please enter your zip code above.

How to find the best electricity rates in New Jersey

New Jersey electricity rates fluctuate throughout the year based on seasonality, energy demand, and other factors. Luckily, the SaveOnEnergy marketplace can help you lock in the best energy rate at any time of the year. Here’s how to get started:

  1. Enter your ZIP code above. You’ll find all the energy plans available in your area and can easily compare rates from many different providers.
  2. Sign up for your plan. You can sign up online in just minutes, or you can call the number on your screen to speak to a SaveOnEnergy energy expert.
  3. Enjoy your new plan. Your new provider will handle the setup, so you can just relax and enjoy your new energy plan.

Electricity rates in my area

Electricity rates may vary throughout the state of New Jersey, partially due to different utility transmission rates. The rate you pay in one part of New Jersey could be different from what someone pays in another part of the state, even for the same plan. Because of that, it’s important that you specifically shop for electricity rates near you.

The SaveOnEnergy marketplace is the best way to see the most accurate energy rates in your area. Rather than shopping for rates from many providers separately, you can see them all in one place and find the best rate and plan for your home. Enter your ZIP code above to compare electric rates in New Jersey today.

Moving to New Jersey?

New Jersey is home to more than 9 million people. In fact, it has the highest population density of any state in the country. Known as the Garden State, New Jersey offers the combination of large metropolitan areas and coastal access, along with many historical sites.

New Jersey also has a deregulated energy market, meaning its residents can choose their own energy providers. If you’re planning a move to New Jersey, you can use the SaveOnEnergy marketplace to find your next energy plan. Enter your ZIP code above to discover New Jersey elecrticity rates and plans available for your new home.

SaveOnEnergy’s tips for easy electricity service setup

  • Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
    • Price per kilowatt-hour based on usage
    • % renewable energy sourcing
    • Early termination fees
  • Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
  • Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

Types of electric plans in New Jersey

When you sign up with a New Jersey electricity provider, you’ll have a variety of energy plans to choose from. The type of plan that’s best for you will depend on your energy needs, usage, and more. Below, you can learn more about the different types of energy plans available to New Jersey customers. If you have additional questions, call the number at the top of your screen to speak to an energy expert.

Fixed-rate plans in New Jersey

When you sign up for a fixed-rate energy plan, you lock in your rate in your contract for a term of 12-36 months. During that time, your energy rate won’t fluctuate with the market. You won’t see your rate spike when rates are high, but you won’t save when rates are low. You’ll also pay an early termination fee (ETF) if you end your service before the end of your contract.

Variable-rate plans in New Jersey

A variable-rate energy plan doesn’t require you to sign a contract, nor does it allow you to lock in your rate. Instead, your energy rate each month is based on the current energy market. Some months your utility bill will increase if energy demand and rates are high. In other months, you’ll save money on your electricity bill.

No deposit and prepaid energy plans in New Jersey

Most energy plans require that you pay a deposit when you sign up, though it may be waived with a satisfactory credit history. One way to avoid this is to choose a no-deposit energy plan. One popular type of no-deposit plan is a prepaid energy plan, which allows you to pay for your energy usage upfront and avoid a deposit and credit check.

Green energy plans in New Jersey

Like many states, New Jersey has embraced green energy. The state ranks in the top half of all states for solar energy generation. It’s easy for homeowners to find affordable energy plans powered by 100% green energy. You can learn more about a plan’s green energy in its Electricity Facts Label (EFL). You can also search the SaveOnEnergy marketplace for green energy plans.

Business energy plans in New Jersey

If you’re a business owner in New Jersey, you can also take advantage of the state’s deregulated energy market to choose your own energy provider. Visit our business energy page to learn more, connect with an energy expert, and start building your customized commercial energy plan.

Cheap energy prices in New Jersey

Living in a deregulated energy market means you have more control over your home’s energy plan. It also means that rates fluctuate throughout the year based on the season, energy demand, and more. Seasonality plays a huge role in energy rates. 

In New Jersey, rates tend to be higher in the summer and winter when temperatures are more extreme. On the other hand, demand and rates are lower in the spring and fall when temperatures are more moderate. You can save money by locking in a low rate during an off-peak time of year. The SaveOnEnergy market place can help you lock in cheap electricity in New Jersey.

Energy providers and utility companies in New Jersey

Thanks to energy deregulation in New Jersey, consumers can choose their own electricity provider. The company you choose will supply the energy to power your home. There are more than 85 New Jersey electric suppliers, some of the best electric companies near you include Clearview Energy, Constellation, Frontier Utilities, and Verde Energy USA. These are the suppliers you’re comparing to buy your electricity from.

While you can choose your own energy provider, you can’t choose your utility company. Instead, it’s based on where you live. There are four electric utilities serving New Jersey — Atlantic City Electric, Jersey Central Power & Light (JCP&L), Public Service Electric and Gas (PSEG), and Rockland Electric. The role of these utility companies is to deliver your electricity, maintain the power grid, and restore any electrical outages.

Contact your New Jersey utility company

No matter what energy provider you choose, your utility company will continue to deliver your electricity and maintain the local electric infrastructure, including responding to power outages or downed power lines. If you experience a power outage or another interruption to your power, contact your local utility company. There are four that serve New Jersey:

Not sure what kind of energy plan will work for your home?

With so many options to choose from, navigating the deregulated energy market can be confusing. SaveOnEnergy has a library of expertly written guides to help you learn more about the New Jersey energy market. We cover everything from energy-saving tips to solar energy. Read up on energy providers and plans before choosing the best plan for your home. You can also use our SaveOnEnergy usage calculator to estimate your electricity usage, which can help you choose the best plan.

New Jersey energy FAQs

Is the natural gas market deregulated in New Jersey? Expand / Collapse Toggle

Energy deregulation in New Jersey applies to both electricity and natural gas, meaning you have even more control over your home’s energy service.

Who has the cheapest electricity rates in New Jersey? Expand / Collapse Toggle

Constellation Energy currently has some of the cheapest electricity in New Jersey, with rates starting at just 10.7 cents per kWh.

What is the best energy plan in New Jersey? Expand / Collapse Toggle

There’s not necessarily one energy plan that’s best for everyone. When choosing the best energy plan for you, consider your energy usage, budget, and the type of plan you’d prefer. You can use the SaveOnEnergy marketplace to find plans that best suit your needs.

How do I find a green energy plan in New Jersey? Expand / Collapse Toggle

Green energy plans are easy to find in the SaveOnEnergy marketplace. To get started, enter your zip code above. You’ll see all the energy plans available in your area and can use the filter tool to see only green energy plans.

New to energy deregulation? Need help finding a plan?

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