Lower PSEG Bill
PSEG electricity customers are finally able to save money on their electricity bills by choosing a lower rate than the default PSEG rates.
In recent years, electricity suppliers had been slow to enter New Jersey electricity market. Now that the electricity companies are able to offer electric rates that are lower than the utility basic generation service rates, companies have entered the market and are offering their service to PSEG customers.
To see if money will be saved, customers should look at the “Supply” section on their PSEG bill. There they will find the electric rates that can be compared to alternative electricity company offers. Electric savings are currently being offered by as much as 12.4%, but not all offers result in saving, so it is important for customers to compare rates. Some PSEG bill payers are even choosing to pay more on their electricity bill for the right to buy 100% wind power or other forms of green energy.
Customers who shop for lower power rates might also find promotions that can further sweeten the deal on top of electric bill savings. PSEG customers will still receive their electric bill from PSEG even after they switch electric suppliers.
The best offers, (lowest rates plus promotions) for fixed and variable electric rates, that we have found are below: