JCP&L commercial customers shopping for competitive electric rates in New Jersey can expect to save 15-25% off of their electric bills. According to New Jersey electric switching Stats, over 70% of the commercial load has already been switched over to a competitive supplier. Natural gas prices are near a 10-year low, which is currently putting downward pressure on electricity wholesale rates. By locking in a long term rate a business will be protected against any spikes in the energy market for over the next few years. With energy prices near record lows the number of JCP&L commercial customers participating in energy choice will continue to increase.

Participating in energy choice will have no negative impact on the quality of power a business receives from the local distribution company (JCP&L). JCP&L will still be in charge of maintaining the lines and wires that deliver the electricity from the delivery point to your place of business. They will continue to charge the distribution cost, which is a regulated charge. Whether you decide to keep JCP&L for your basic generation service or switch to a competitive supplier, the distribution charges will remain the same.

Shopping for competitive electric rates has never been easier. JCP&L provides the official price to compare rate on the electric bill. This is the rate a business will use while comparing prices with a competitive supplier. The price to compare rate will include all components of the supply charge including New Jersey’s usage and sales tax (SUT). When comparing rates it is important to review the contract carefully to make sure your business is comparing apples-to-apples to JCP&L’S price to compare rate. A number of services are becoming available that can help find the lowest price, based on term and rate classification. ElectricRate.com offers a platform that provides a side-by-side comparison to JCP&L’s basic generation rate and a supplier’s competitive offering. If you want a hassle free experience and unbiased advice they are worth checking out.