Public Service Elec & Gas Co Electricity Rates

How this price compares

Ranked by price against the 12 utilities reporting residential rates in New Jersey, Public Service Elec & Gas Co comes 9th of 12. The state's range runs from EverBright, LLC at 12.44¢ to Atlantic City Electric Co at 23.41¢, so where a household sits inside New Jersey depends far more on which utility serves it than on the statewide average alone.

Against the 3 other investor owned utilities reporting in New Jersey, which averaged 20.03¢, Public Service Elec & Gas Co is close to its own ownership class within the state (+1.9%).

All figures come from the 2024 release, so no comparison mixes vintages. The state figure is customer-weighted across 12 reporting utilities.

Scale and consumption

Public Service Elec & Gas Co reported 2.0M residential customers, ranking 1st of 12 utilities in New Jersey by customers served and covering 54.8% of the state's reported residential customers.

Dividing reported residential sales by customers served gives about 6,787 kWh per customer per year - below the national residential norm, implying a typical annual bill near $1,386.

Within New Jersey the median reporting utility sells about 8,343 kWh per customer, so Public Service Elec & Gas Co customers use -18.7% against their own state's middle. Consumption this light usually tracks denser housing, gas heating or a milder service territory, which softens the bill impact of a high per-kWh price.

Every utility reporting in New Jersey

All 12 utilities reporting bundled residential service in New Jersey, largest first, with Public Service Elec & Gas Co marked. The named companies either side of it are the ones a household in this state might otherwise be served by.

For generation mix and price history statewide, see electricity rates in New Jersey.

Common questions about Public Service Elec & Gas Co rates

How much does Public Service Elec & Gas Co charge per kWh?

Public Service Elec & Gas Co reported an average residential price of 20.42¢ per kWh across its bundled residential customers in the 2024 EIA Form 861 release. That is an annual average across all its residential customers, not a rate schedule, so an individual bill depends on the tariff, usage pattern and season.

Is Public Service Elec & Gas Co expensive compared with the rest of New Jersey?

Its average residential price is close to the New Jersey customer-weighted average of 19.46¢ per kWh, a difference of +4.9%. The state figure is weighted by customers across the 12 utilities reporting residential service in New Jersey.

What is the average electricity bill for Public Service Elec & Gas Co customers?

Dividing reported residential sales by residential customers gives about 6,787 kWh per customer per year. At the reported average price that implies roughly $1,386 a year, or about $115 a month. This is RateWatt's arithmetic on two EIA columns, not a figure EIA publishes.

Who owns Public Service Elec & Gas Co?

EIA classifies Public Service Elec & Gas Co as Investor Owned, a shareholder-owned company whose retail rates are set through a state regulatory commission. Nationally, Investor Owned utilities averaged 17.36¢ per kWh in the 2024 release.

What this page does and does not tell you

• An average across bundled residential customers for the year, revenue divided by sales, not a rate schedule.
• Form 861 presence is not evidence of availability at an address or of customer choice.

See our methodology, why energy prices vary and understanding rate structures.

Source: U.S. Energy Information Administration (EIA), Form 861 annual electric power industry report, 2024 release. Retrieved and formatted by RateWatt.