The Atlantic City Electric company, the electricity utility company serving the majority of southern New Jersey, has the highest electric default rates in the country among utilities serving electricity deregulated markets.  Current residents serviced by Atlantic City Electric who have not chosen a competitive electric supplier for the supply portion of their energy usage, are paying the Atlantic City Electric price to compare rate of 13.15 cents per kilowatt hour.

Customers can save 13% by paying a fixed rate of 11.40 cents per kilowatt hour.  The offer also includes a Visa Prepaid Gift Card.

Despite the large savings available for Atlantic City Electric residential customers, well under 10% of them have switched electric suppliers to companies offering lower electric rates.  Much of the resistence is centered around the unfamiliarity that New Jersyans have with electricity choice.  Most people might be surprised to find out that the Atlantic City Electric company supports energy choice and wants their customers to shop for lower rates. Those who switch electric suppliers will still receive their electric bill from Atlantic City Electric.  The only thing that changes is the Atlantic City Electric price to compare rate, or default rate, is replaced by the rate offered by the electric supplier of the customer’s choice.

Here are current competitive electric rates:

Residential customers who are serviced by Atlantic City Electric can currently save up to 22.5% on their electric bills. This is a result of the New Jersey Electricity Choice and Competition Act that went into effect in 2003.

Savings above 10% are available for the first time for Atlantic City Electric customers because retail electric rates in the competitive market are lower than current Atlantic City Electric default rates, also called Basic Generation Service (BGS) rates.

When an Atlantic City Electric customer chooses an alternative electric supplier, they will continue to receive their bill from Atlantic City Electric, who remains the customer’s electricity delivery company and who is still responsible for the maintenance and management of the lines and wires throughout the southern New Jersey Electricity grid.

See offers from competitive New Jersey Electricity Companies Below: