New Jersey Electricity Rate Increase

Businesses in New Jersey are at risk of increasing electricity rates during the coming summer months.  The Basic Generation Service (BGS) rate increases sometimes as much as 20% during the months of June-September.  This electricity rate increase is due to the high demand for electricity during these months.

There are ways for you to avoid these increased power rates and save money on your electricity bill.  Thanks to the deregulation laws in New Jersey, you are able to find a competing electricity provider to supply you with a competitive rate and help decrease your monthly electricity charges.  This rate won’t just save you a significant amount during the summer months, it will reduce your electricity costs year round.