New Jersey Electricity Rates
Analysis of 721 ZIP codes across 582 cities
New Jersey Electricity Market Overview
New Jersey ranks #39 nationally with residential rates at 17.71¢/kWh, which is 6.1% above the national average of 16.68¢/kWh. The state operates a regulated electricity market with rates set by the public utilities commission.
ZIP Code Rate Distribution
ZIP code statistics not available
New Jersey ZIP Codes with Electricity Rates
721 ZIP codesNew Jersey Electricity Rates - Complete Analysis
New Jersey residential electricity rates average 17.71¢/kWh, positioning the state at #39 among all 50 states. This comprehensive analysis covers 721 ZIP codes across 582 cities, providing the most detailed electricity rate information available for New Jersey residents and businesses.
Current New Jersey Electricity Rates by Sector
| Customer Type | New Jersey Rate | US Average | Difference | Monthly Bill* |
|---|---|---|---|---|
| Residential | 17.71¢/kWh | 16.68¢/kWh | ↑6.1% | $177.06 |
| Commercial | 14.00¢/kWh | 13.08¢/kWh | ↑ Higher | $700.18 |
| Industrial | 11.68¢/kWh | 9.55¢/kWh | ↑ Higher | $5841.60 |
*Monthly bills estimated at 1,000 kWh (residential), 5,000 kWh (commercial), 50,000 kWh (industrial)
New Jersey Electricity Rate History
Over the past 5 years, New Jersey electricity rates have decreased by 84.9%, bucking the national trend. The most significant change occurred between 2021 and 2022, largely due to regulatory adjustments and infrastructure investments.
New Jersey Electricity Rates Release Schedule
New Jersey Electricity Rates 2026
The official 2026 electricity rates for New Jersey will be released by the U.S. Energy Information Administration (EIA) in December 2026. These rates will reflect market conditions, fuel costs, and infrastructure investments throughout 2026. Based on current trends, New Jersey residential rates for 2026 are projected to range between 16.82¢ and 18.59¢ per kWh.
New Jersey Electricity Rates 2027
New Jersey electricity rates for 2027 will be available in December 2027 through the EIA's annual electric power industry report. The 2027 rates will incorporate renewable energy transitions, grid modernization efforts, and evolving energy policies in New Jersey. Early projections suggest rates may converge toward the national average.
New Jersey Electricity Rates 2028
Looking ahead to 2028, New Jersey electricity rates will be published in December 2028. Factors that will influence 2028 rates include regulatory decisions, infrastructure upgrades, and federal energy policies. Historical trends suggest New Jersey rates typically change by 3-5% annually.
Data Source: All current and historical rates are sourced from the EIA Form 861 annual reports. This page will be updated immediately when new data becomes available.
Major New Jersey Cities - Electricity Rates Comparison
City data being compiled...
New Jersey Electric Utility Companies
New Jersey is served by multiple electric utility companies, operating in a regulated market where rates are set by the state public utilities commission.
Browse all utility companies → |View New Jersey energy profile on EIA.gov →
Frequently Asked Questions About New Jersey Electricity Rates
What is the average electricity rate in New Jersey?
The average residential electricity rate in New Jersey is 17.71¢ per kWh. This rate varies by location, with ZIP codes ranging from 8.28¢ to 18.70¢ per kWh across the state.
How does New Jersey compare to the national average?
New Jersey electricity rates are currently 6.1% above the national average of 16.68¢/kWh, ranking #39 among all 50 states. Residents may want to explore energy efficiency measures to reduce their electricity bills.
Can I choose my electricity provider in New Jersey?
New Jersey operates a regulated electricity market, which means your utility provider is determined by your location. While you cannot choose your provider, rates are regulated by the state's public utilities commission to ensure fairness.
What factors affect electricity rates in New Jersey?
Several factors influence New Jersey electricity rates including: fuel costs (natural gas, coal, renewables), transmission and distribution infrastructure, weather patterns affecting demand, regulatory policies, and the mix of energy sources used for generation. New Jersey's unique geography and energy resources also play a significant role in determining rates.
When will newer electricity rates for New Jersey be available?
Official electricity rates are released by the U.S. Energy Information Administration approximately 12 months after each reporting year. 2025 rates will become available in December 2026, 2026 rates in December 2027, and so on. We update this page immediately when new data is released.
How to Lower Your Electricity Bill in New Jersey
Quick Energy-Saving Tips
- ✓Set thermostat to 78°F in summer, 68°F in winter
- ✓Use LED bulbs - save up to 75% on lighting costs
- ✓Unplug devices when not in use to avoid phantom loads
- ✓Run major appliances during off-peak hours
- ✓Regular HVAC maintenance can improve efficiency by 15%
Long-Term Savings Strategies
- ✓Install a programmable or smart thermostat
- ✓Improve home insulation and seal air leaks
- ✓Consider ENERGY STAR certified appliances
- ✓Explore solar panel options for New Jersey homes
- ✓Check for utility rebate programs
Potential Savings: The average New Jersey household can save 10-25% on electricity bills by implementing these energy-saving measures. With current rates at 17.71¢/kWh, this could mean savings of $319 to $531 annually.