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New Jersey

Compare electricity and natural gas rates in New Jersey

BGS rates change every 1 June, following the state's annual supply auction.

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New Jersey

At a glance

New Jersey in the national picture.

Regulator
New Jersey Board of Public Utilities
Benchmark rate is called
The Basic Generation Service rate
Open to supplier choice
Electricity and natural gas
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This state We compare rates here Not open to supplier choice

Your utility

Rates are set territory by territory.

Whoever sends your bill today keeps delivering your energy after a switch. What changes is who supplies it. Find yours below — the benchmark you are comparing against is theirs, not the state's.

Electric utilities

  • PSE&G
  • JCP&L
  • Atlantic City Electric
  • Rockland Electric

Natural gas utilities

  • PSE&G
  • New Jersey Natural Gas
  • South Jersey Gas
  • Elizabethtown Gas

Reading an offer

What to check before signing anything in New Jersey.

Your Basic Generation Service rate

New Jersey Board of Public Utilities requires utilities to publish the rate they charge customers who have not chosen a supplier. In New Jersey it is called the Basic Generation Service rate, and it appears on your bill. It is the only honest benchmark for any offer you are shown.

Fixed or variable

A fixed rate holds for the length of the contract regardless of weather, storms or market swings. Terms usually run 6, 12, 24 or 36 months. A variable rate moves month to month, and the upside risk tends to land on customers.

Monthly recurring charges

Some plans carry a flat monthly fee attached to a lower per-unit rate. Below a certain usage the fee costs more than the lower rate saves, which is why the all-in figure is the only one worth comparing.

Cancellation terms

Early termination fees are normal and rarely a problem on shorter contracts. They matter on 24- and 36-month terms, where being locked in while the market falls has a real cost.

15 13 12 10 8 Month 0 6 12 18 24 ¢/kWh
Your fixed contract rate Utility default rate Where the fixed rate is ahead

Illustrative. It shows how the two rate types behave — the default rate resets on a schedule, a fixed rate does not — rather than any specific quote. Note the first six months: locking in is not always cheaper on day one. The case for it is the resets you avoid later.

Fixed vs. variable

Why the reset schedule matters here.

BGS rates change every 1 June, following the state's annual supply auction.

A fixed contract holds one number straight through those resets. That is what you are actually buying — not a lower rate on day one, but the resets you never feel.

Switching

How to change supplier in New Jersey.

  1. 01

    Find your benchmark

    Take the Basic Generation Service rate off your current bill. Every offer gets measured against that number.

  2. 02

    Compare real offers

    Quotes from suppliers licensed in your utility's territory, normalised to the same term and with fees included.

  3. 03

    Enrol

    Your new supplier files the change with the utility and it takes effect on your next meter read. No interruption, no visit, no new equipment.

Other markets we cover

See what New Jersey suppliers will quote you.

Send one recent bill and we will come back with what your account qualifies for today. No cost, and no obligation to switch.

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