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New Jersey residents and businesses have had the power to choose their electricity suppliers since 1999. Shop for the lowest kilowatt-hour rates from more than 100 third-party electricity suppliers in the Garden State, each offering a variety of energy plans to compare.
See the lowest rates available today for your location on the deregulated energy market.
Get the cheapest quotes on your electricity provider
Enter your ZIP code to see electricity providers near you.
Your information is secure.
The New Jersey Board of Public Utilities introduced the Electric Discount and Energy Competition Act in August 1999, allowing for choice in who powers homes and businesses.
Today, energy in the Garden State is delivered through a system of third-party suppliers, electric distribution companies, co-ops and the New Jersey Board of Public Utilities that work together to get electricity from power plants to your front door.
NJBPU is the regulatory authority of New Jersey’s utilities that supply electricity, natural gas, water, telecommunications and cable TV. Its mission is to “provide safe, adequate and proper utilities at reasonable, nondiscriminatory rates.” Overseen by a five-member board, it supports the state governor’s goal of 100% clean energy by 2050.
Electric utilities generate and deliver the electricity that powers homes and businesses. Each of the four companies in New Jersey covers a specific territory.
Electric distribution company | Assigned territory |
Atlantic City Electric (ACE) | Southern New Jersey
|
Jersey Central Power and Light (JCP&L) | Northern and Central New Jersey
|
Orange and Rockland Electric (O&R) | Serves three counties
Serves four communities
|
Public Service Electric and Gas (PSE&G) | Serves the state’s five largest cities
|
Sussex Rural Electric Cooperative is a locally managed, member-owned nonprofit representing Northwestern Sussex County and a small part of New York’s Orange County. Its mission is to provide electrical service to its members at the lowest possible cost. SREC also provides electricity to Picatinny Arsenal through a 50-year contract with the US Army.
More than 100 ESCOs in New Jersey transmit and deliver electricity to homes and businesses in the state, among them:
Most ESCOs in New Jersey offer renewable or clean energy plans that come from natural sources or replenished processes, like wind, hydro or solar energy.
Finding the lowest electricity rates in New Jersey requires comparing retail electric providers and energy plans to find the best fit to power your home or business. But first, you’ll want to know your average electricity use.
Get the cheapest quotes on your electricity provider
Enter your ZIP code to see electricity providers near you.
Your information is secure.
Power Switch is the state-operated energy shopping website managed by the New Jersey Board of Public Utilities. You can learn more about your rights under deregulation and file a complaint against third-party suppliers through the site.
You have many third-party electricity suppliers to choose from in New Jersey, each offering different rates and energy plans. Factors to weigh when researching your options come down to rates and the type of plan that fits your electricity needs and budget.
Providers in New Jersey offer the choice of fixed, variable or hybrid kilowatt-hour rates:
For variable rates, ask your potential provider if it limits how much rates can fluctuate, which can help you keep costs manageable.
Many suppliers and providers offer lower advertised rates or bonuses to entice new customers. These bonuses can be reflected as a lump-sum savings or percentage knocked off the standard rate.
Introductory rates can last the first quarter of your contract, for six months or even the full term. Read the fine print of any offer to understand the rate you’ll pay after the bonus and avoid overpaying for your energy in the long term.
Understand the contract system of any supplier you’re interested in. Look at available terms, how the supplier handles renewals and whether you can cancel before your contract ends.
Your electricity bills include home energy costs that can vary by utility provider or supplier.
If you choose an alternative energy option, your energy bill may include fees associated with the renewables you choose.
After you’ve found an electricity provider that fits your energy needs, gather up a current monthly bill and get ready for the big switch.
Energy suppliers in the Garden State highlight the financial benefits of electricity choice, further advertising the benefits to the environment through renewable energy.
Results of deregulation are mixed, and there’s research to suggest that it doesn’t lead to the savings it promises over the regulated market. There’s also the potential for suppliers to lure customers into plans without transparency around the risks.
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