US Energy Price Monitorby KadoaUpdated weeklyStar on GitHub

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

New Jersey

PSE&G electricity rates

What homes pay PSE&G for electricity, from EIA.

Investor-owned utility, 1,975,037 homes in New Jersey. EIA lists it as Public Service Elec & Gas Co.

Headlines

Average price
25.9¢ a kWh
Up 8.2% on a year ago
Average bill
$149 a month
Up 12% on a year ago
Average use
575 kWh
A month. New Jersey 675 kWh
Price rank in New Jersey
2 of 4
1 is the most expensive

Over the 12 months to August 2026, PSE&G homes paid 25.9¢ a kWh, against 23.7¢ across New Jersey.

PSE&G vs New Jersey

PSE&GNew Jersey
Average price, 12 months to August 202625.9¢23.7¢
Price in August 202626.9¢24.6¢
Average monthly bill, 12 months$149$160
Bill in August 2026$218$236
Average monthly use575 kWh675 kWh
Price change, past year+8.2%+10%
Price change since 2019+55%+50%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including August 2026

Source: EIA-861M monthly utility survey. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month.

Up to and including August 2026

Source: EIA-861M monthly utility survey.