Jersey Central Power & Light

Residential electricity customers of the New Jersey utility company Jersey Central Power & Light (JCP&L) are receiving competitive offers for the first time.

Though JCP&L has had a deregulated retail energy market for several years, electricity companies were slow to enter the market due to low JCP&L electric default rates.  JCPL sets their default rates for their roughly 972,000 electric residential customers by holding an auction the previous year.  Between 2004 and 2008 energy prices were in a consistent upswing.  This made it difficult for competitive electric companies to offer discounted rates as they were always buying in a market where the price was higher than the default rates established in previous months.

With a general downturn in electricity prices in 2010, competitive electric companies are finally able to offer residential customers attractive electricity offers.

As competition has increased in the JCPL market some electricity companies have focused their marketing efforts on promotions and sign-up bonuses.

Fixed rate offers for terms as little as 4 months and as high as 24 months with a $75 gift card can be found here.

Variable month to month rates with a $50 cashback bonus can be found here.


Fixed electric rates will protect customers from JCPL electric rate increases that are expected to occur on June 1, 2011.

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Jersey Central Power and Light (JCPL) electricity customers are seeing some of the lowest electric rates since the utility deregulated back in 2003.

The basic generation service, the JCPL default rate, will be $0.110285 per kilowatt hour from October 1, 2010 through May 31, 2011 for small and medium businesses.  From now through the end of September it will be even higher at $0.115462.  Solid 10-15% exist for these businesses who shop and compare commercial electric companies.

Meanwhile, New Jersey residential electric customers in JCPL are paying high default rates of $0.1172 a kilowatt hour.  For the first time since 2003, these electricity customers can save money by finding a lower electric rate through a competitive electric company.

Residential and business customers can find their current default electric rates on their JCPL bill at the top next to BGS Energy Charges and BGS Transmission Charges.  The combination of these two charges make up the total price to compare default rate.  When you choose a lower priced electric provider, their low electric rate will take the place of those two charges.

Depending on the electricity company, you will continue to receive one monthly electric bill from JCPL with the lower rate, or you might receive a bill from the electricity company for the supply charges and one from JCPL for the delivery charges.  Either way, you will save money as long as you sign for a electric rate that is lower than the JCPL BGS default electric rate.

Commercial and industrial electric rates change on a daily basis.  For a list of low commercial electric rates in New Jersey email us with the request and we will email you back a list of electricity companies and their electric rates.


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On June 1, new summer default rates went into effect for all New Jersey customer s being serviced by JCPL (Jersey Central Power & Light) who are still on the utility’s price to compare default rate.

While residential competitive electric providers remain limited in the state, there are roughly two dozen competitive electric suppliers offering lower rates for commercial and industrial customers compared to the JCP&L default price to compare rate.  Business customers in the GS rate class will pay a rate of $0.115462 from June through September of 2010, and then pay $0.110205 from October 2010 through May 2011.  Current fixed competitive electric rates in the area are in the low $0.10s per KWh resulting in savings for most businesses between 8-14%.

Default rates in JCPL are derived from auctions the utility performs in previous years for the current year.  Due to lower natural gas prices, current market rates for electricity are lower than the current default rates resulting in saving opportunities for businesses.

For more inf0rmation on Jersey Central Power and Light competitive rates, please leave a comment or send an email.

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