NewInsight: Investor-owned utilities charge 23% more for power

Electricity prices in New Jersey

What homes in New Jersey pay for electricity, from EIA.

Headlines

Average price
23.7¢ a kWh
Up 10% on a year ago
Average bill
$160 a month
Up 13% on a year ago
Average use
675 kWh
A month. US 875 kWh
Price rank
12 of 51
1 is the most expensive

Over the 12 months to August 2026, New Jersey homes paid 23.7¢ a kWh, against a US average of 18.0¢.

New Jersey vs the US

New JerseyUS
Average price, 12 months to August 202623.7¢18.0¢
Price in August 202624.6¢18.2¢
Average monthly bill, 12 months$160$158
Bill in August 2026$236$209
Average monthly use675 kWh875 kWh
Price change, past year+10%+6.5%
Price change since 2019+50%+39%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including August 2026

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including August 2026

Utilities in New Jersey

Past 12 months, utilities with 10,000 homes or more. These utilities serve 91% of homes in New Jersey; smaller utilities serve the rest.

PSE&GInvestor-owned25.9¢+8.2%$1491,975,037
Jersey Central Power & LightInvestor-owned19.3¢+10%$157943,986
Atlantic City ElectricInvestor-owned27.8¢+12%$178474,417
Rockland ElectricInvestor-owned25.3¢+14%$22864,521

Heating fuels in New Jersey: heating oil, propane.