New Jersey electricity rates (August 2026)

Average residential and commercial electricity prices in New Jersey from EIA's monthly utility survey, with the trend, the largest utilities and what power costs a typical homeowner.

Residential rate

24.61¢

▼ 0.4% vs a year agoper kWh, August 2026; ranks 10 of 51 (1 = highest)

Commercial rate

18.71¢

per kWh, August 2026

Average home bill

$160

per month over the last 12 months, about 674 kWh

U.S. residential average

18.16¢

New Jersey is 36% above the U.S. average.

Find your utility's rate by ZIP

New Jersey vs U.S. residential rate

Cents per kWh by month, last 36 months.

Last 12 months in New Jersey

Month	Residential	Commercial	U.S. residential	Avg kWh	Avg bill
August 2026	24.61¢	18.71¢	18.16¢	960	$236
July 2026	25.19¢	19.17¢	18.31¢	1,036	$261
June 2026	24.95¢	18.46¢	18.34¢	831	$207
May 2026	23.27¢	17.85¢	18.44¢	546	$127
April 2026	23.53¢	16.76¢	18.86¢	469	$110
March 2026	23.48¢	17.20¢	18.60¢	548	$129
February 2026	23.12¢	17.23¢	17.65¢	634	$147
January 2026	23.13¢	17.40¢	17.45¢	753	$174
December 2025	22.92¢	16.10¢	17.11¢	699	$160
November 2025	22.68¢	15.82¢	17.77¢	516	$117
October 2025	22.49¢	16.13¢	17.95¢	483	$109
September 2025	23.32¢	17.17¢	18.05¢	619	$144

Largest utilities in New Jersey

Residential rates for the biggest utilities in New Jersey that report monthly to EIA, ordered by number of homes served, for August 2026.

Utility	Type	Rate	Avg kWh	Avg bill	Homes
Public Service Elec & Gas Co	Investor Owned	26.85¢	813	$218	1,975,037
Jersey Central Power & Lt Co	Investor Owned	20.55¢	1,144	$235	943,986
Atlantic City Electric Co	Investor Owned	27.61¢	1,004	$277	474,417
Rockland Electric Co	Investor Owned	26.40¢	1,330	$351	64,521

What electricity adds to owning a home in New Jersey

A typical New Jersey home is valued at $575,123 (Zillow). With 10% down at this week's 7.24% 30-year rate, principal and interest come to about $3,528 a month. The average electric bill of $160 adds about 5% on top of that, or $1,922 a year. See New Jersey property tax and closing costs or run the monthly payment.

Bills follow the seasons: in New Jersey the highest-use month of the last year averaged 1,036 kWh per home and the lowest 469 kWh. Budget for the expensive months, not the average.

Common questions

What is the average electricity rate in New Jersey?

Homes in New Jersey paid an average of 24.61 cents per kWh in August 2026, 36% above the U.S. average of 18.16 cents (EIA Form 861M).

How much is the average electric bill in New Jersey?

Over the last 12 months the average New Jersey home used about 674 kWh a month and paid about $160 a month.

Have New Jersey electricity rates gone up?

The residential rate is 0.4% lower than in August 2025, when it was 24.70 cents per kWh.

What do businesses pay for electricity in New Jersey?

Commercial customers in New Jersey paid 18.71 cents per kWh in August 2026.

Electricity rates in all statesRanked table and ZIP lookup New Jersey buying costsProperty tax, transfer tax and closing costs New Jersey buyer programsDown payment help where you live

Sources: U.S. Energy Information Administration (EIA), Form EIA-861M monthly sales and revenue (state and utility data, latest month August 2026; EIA marks recent months preliminary and may revise them); ZIP-to-utility map: OpenEI, U.S. Electric Utility Companies and Rates: Look-up by Zip Code (2024), CC BY 4.0. Rates are average revenue per kWh (total bill divided by kWh sold), so they include fixed and delivery charges. EIA posts each month about eight weeks after it ends; this page checks for new data every morning.