NJ Electricity Prices and Savings

Seven years after New Jersey officially deregulated their electricity market, residences of the state are finally seeing competitive electric rates that can save them real dollars off of their monthly electric bill.

If you are a customer of PSE&G, JCP&L, Rockland Electric, or Atlantic City Electric, savings can be found by shopping the competitive electricity market for lower prices.  Alternative electric suppliers had been slow to enter the New Jersey market for a variety of reasons.  However, a significant drop in wholesale electric prices combined with high utility default rates, have given electricity companies a great reason to get licensed by the state and market their services and rates to New Jersey customers.

Residential customers can choose between a variable electric rate that can fluctuate month to month but gives the customer the option to leave the service at any time, or a fixed electric rate that locks in your rate for a specific period of time, usually anywhere from 4-24 months.

Here are the residential electricity rates available in New Jersey at this time:
PSEG Rates



JCPL Rates



Atlantic City Electric Rates



Some of the companies are running introductory offers with cashback bonuses.

For a low variable rate with a $50 Cashback Bonus introductory offer, click here.
Low fixed rate offers with a Visa Prepaid card up to $75 can be found here

In most cases, including the offers above, even after you switch electric suppliers you will still get your monthly electric bill from your utility company.  The utility companies (PSEG, JCPL, Rockland, Atlantic City Electric) are still regulated lines and wires company and are responsible for billing residential electric customers.  They only provide a default electric rate to residential customers because they are required to do so by the state under the terms of the New Jersey Competition and Electric Choice Bill.

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PPL Rates in 2011

PPL has posted their estimated price to compare electric rates for the first half of 2011.

The Pennsylvania utility estimates that their residential customers who are still on default electric service will pay $0.09426 cents per Kilowatt hour which is a penny less than what they are currently paying.  The exact rates won’t be known until December.  Once the exact rates are published it is our belief that the competitive suppliers will start offering a lower electric rate as well in order to attract customers who have been slow to adapt to the competitive market.

Small businesses are estimated to pay $0.09764, down from $0.10402.  Current fixed electric rates can be locked in between $0.080 and $0.085 for small business electricity customers.  Medium and large business customers have been able to negotiate rates in the $0.07s and in some cases even get down to the $0.06s.

The price to compare includes the generation and transmission portion of the PPL electric bill.  The delivery charges and still charged by PPL and regulated by the state.

Update: Residential rates are now very competitive in the PPL market, with savings upwards to 15%. Here are the best residential electricity prices we have found:


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CT Electric Suppliers

The 1.5 million electricity customers serviced by Connecticut utilities CL&P and UI have close to a dozen options when it comes to choosing a Connecticut electric supplier.

CT electric suppliers range from small start up companies to sister companies of fortune 500 energy companies.  Some of the CT electric suppliers are only offering service to residential electric customers, some only to commercial and industrial electricity users, and others are offering service to all energy users.

Currently, more than one million Connecticut customers have not chosen a competitive CT Electric supplier.  Those who have not chosen a supplier pay a high default rate with either CLP or UI, who act as the electricity delivery companies for the majority of the state.  Residential customers can save up to 18.7% by choosing a new electric company to provide electric generation service.

When a customer chooses an alternative electricity generation (or supply) company, they simply are choosing a lower rate versus the CLP or UI default rate.  In most cases, the customer will still get their monthly electric bill from the utility.

Some CT electric suppliers, like MX Energy (click here), offer fixed rates that lock in a specific rate for a specific period of time.  In Connecticut, the default rates are set for one year at a time, so getting a fixed electric rate with an electric supplier can guarantee savings.

Other CT electric suppliers, like Positive Energy (click here), offer a variable electric rate that can fluctuate from month to month but gives the customer the option to leave at any point without penalty.

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CT Electric Rates

Nearly 80,000 businesses in Connecticut are still paying default electric rates with either Connecticut Light and Power or United Illuminating Power Company.  That is 80,000 companies who are over paying for electricity by as much as 25% in some cases.

The generation rate that CLP charges their customers who have not chosen an alternative electricity supplier is 11.723 cents per kilowatt hour.  ElectricityWatch has found fixed rate offers as low as 9.5 cents per kilowatt hour, an easy way to save 19% on the electric bill.

Over 70% of Connecticut Light and Power residential electric customers are paying the generation default rate of 11.051 cents.  They too can secure a competitive generation electric rate of 9.5 cents and save money on their electric bill.


Email us for a list of commercial electric providers and rates in order to compare electric companies side by side.

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