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Compare New Jersey electric prices

Written by Luke Daugherty/

Edited by Hannah Whatley

Last updated 11/02/2022

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New Jersey energy rates

New Jersey is one of several states in the U.S. with a deregulated energy market. That means all New Jersey residents have the power to choose their own electricity and natural gas providers. With SaveOnEnergy, New Jersey customers can easily shop and compare energy plans and providers at no cost.

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. The SaveOnEnergy marketplace can help you secure energy rates that work for you at any time of the year. Here’s how to get started:

  1. Enter your ZIP code. 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 call the number on your screen to speak to a SaveOnEnergy expert.
  3. Enjoy your new plan. Your new provider will handle the setup, so you can relax and enjoy your new energy plan.

(Note: When you enter your New Jersey ZIP code in the SaveOnEnergy marketplace, you will be redirected to our partner site, Choose Energy, to complete your purchase process. Choose Energy is our marketplace for deregulated energy plans in states outside of Texas. It is owned and operated by the same energy experts as SaveOnEnergy.)

Electricity rates in my area

Electricity rates may vary throughout the state of New Jersey, partially due to differing rates utility companies charge based on your location. 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 to shop specifically for electricity rates near you.

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

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 on 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 secure your rate with a contract, usually 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, either. You may also be required to pay an early termination fee (ETF) if you terminate your service before the contract term is up.

Variable-rate plans in New Jersey

With a variable-rate plan, you will not be locked into a contract, and your rate will fluctuate 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 when market rates drop. The largest advantage of variable-rate plans is that you can cancel or change plans at any time.

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 if you have a satisfactory credit history. One way to avoid the deposit and credit check 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 up front and top up your account when it gets low.

Green energy plans in New Jersey

Like many states, New Jersey has embraced green energy. It’s easy to find affordable energy plans powered by 100% green energy. Simply search the SaveOnEnergy marketplace and filter your results for green energy plans. You can learn more about a plan’s green energy in its Electricity Facts Label (EFL), which will be linked to the plan on the marketplace.

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 state with a deregulated energy market means you have more control over your home’s energy plan. It also means that your rates can fluctuate throughout the year based on the season, energy demand, and more. 

Seasonality plays a huge role in rate fluctuations. 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 moderate. 

You can save money by securing a low rate during an off-peak time of year, so be sure to check your options regularly as demand fluctuates. The SaveOnEnergy marketplace can help you find cheap electricity in New Jersey.

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.

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, and 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. This is based on where you live, and these utility providers deliver your electricity, maintain the local power grid, and restore your power in the event of an outage. 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

Your utility company will 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. You can find specific contact information for each on the pages below:

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 and choose the right plan for your needs. If you’d like further guidance, enter your ZIP code or call the number on your screen to speak with one of our experts.

New Jersey energy FAQs

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

  • Constellation Energy currently has some of the cheapest electricity in New Jersey. Enter your ZIP code to find today’s cheapest energy rates in your area.

  • 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.

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

Ready to shop for an energy plan? Let’s get you taken care of. Call:

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