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, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

New Jersey · Investor Owned · investor

Public Service Elec & Gas Co Electricity Rates

Name: Public Service Elec & Gas Co residential electricity price, 2024
Creator: RateWatt

Average residential price, customers served and derived annual usage from EIA Form 861, 2024 release.

20.42¢
Avg residential price / kWh: 2.0M
Residential customers: +4.9%
vs New Jersey average: $1,386
Implied avg annual bill

Among 194 utilities with 100,000 or more residential customers, Public Service Elec & Gas Co ranks #23 by average cents per kWh and #8 by residential customers. Public Service Elec & Gas Co charged an average of 20.42¢ per kWh to residential customers in 2024 - close to the New Jersey average and above the Form 861 US customer-weighted average.

San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count. Public Service Elec & Gas Co is investor owned - a shareholder-owned company whose retail rates are set through a state regulatory commission. Its reported average residential price is close to the New Jersey customer-weighted average (+4.9%). Its customers used below the national residential norm at about 6,787 kWh a year each.

San Diego Gas & Electric Co 43.63¢ · customers rank #90
Florida Power & Light Co 5,236,277 customers · price rank #122

FL size

5,236,277
CA rate

307,982

What this shows San Diego Gas & Electric Co ranks #1 of 194 by average residential cents per kWh (43.63¢, 307,982 customers, customers rank #90). Florida Power & Light Co ranks #1 of 194 by residential customers (5,236,277 customers at 13.71¢, price rank #122). The highest average rate is not the largest customer count.

EIA Form 861 utility filing desk

Release NJ-2024 · Public Service Elec & Gas Co NEAR STATE

Public Service Elec & Gas Co · Form 861 2024 · NEAR STATE

RATE 20.42¢/kWh
RANK #9/12
VS-ST +4.9%
VS-US +19.3%
CUST 2.0M
BILL $1,386
OWN IOU
PHOTO WI 0.08¢
BOOK 8/194

Nearest Form 861 price peer: Madison Gas & Electric Co (WI) (-0.08¢ gap)

EIA Form 861 residential filing stamps for this utility record. Read with this utility → · New Jersey rates

MI

20
CA

20
MD

20
WI

20
this util

20

What this shows Public Service Elec & Gas Co reports 20.42¢/kWh, corpus customer-rank 8 of 194.

F37/100

RateWatt cost context

How Public Service Elec & Gas Co compares on reported cost context

A weighted comparison, not a tariff quote, reliability grade, service-quality score, or recommendation. Lower price and lower implied annual bill score better against reporting utilities in New Jersey; the state generation context is shown separately.

Price against state peers: 27/100
Implied annual bill against state peers: 64/100
State renewable generation context: 20/100

Weights: 50% price, 30% implied annual bill, 20% state renewable-generation context. Unreported inputs are excluded and the remaining weights are redistributed. Price and bill use EIA Form 861 (2024); generation context uses EIA state generation data (2025) and is not attributed to this provider.

Rate comparison

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, whose customer-weighted average is 18.32¢, Public Service Elec & Gas Co is above its own ownership class within the state (+11.5%).

State price distribution

Where Public Service Elec & Gas Co sits among New Jersey utilities

2024 average residential price across the 12 utilities reporting a rate in New Jersey

20.42¢/kWh 27th affordability percentile More affordable than 27% of 11 other utilities

Public Service Elec & Gas Co

average residential price, equal-width bands

Each bar spans 2¢/kWh. Taller bars contain more utilities; the dashed marker locates this utility. Hover, focus or tap a bar for its exact count and share.

Source EIA Form 861 · 2024

Public Service Elec & Gas Co average residential price against three benchmarks, 2024
Benchmark	Price / kWh	Difference
Public Service Elec & Gas Co	20.42¢	-
New Jersey (customer-weighted, 12 utilities)	19.46¢	+4.9%
US Form 861 customer-weighted average (1.5K utilities)	17.11¢	+19.3%
Investor Owned customer-weighted US avg (183 utilities)	18.37¢	+11.2%

Each dot is one of the 12 New Jersey utilities reporting both a residential price and residential sales in 2024, placed by its rank percentile within that group rather than its raw value, so one very large utility cannot flatten the rest. Bubble size follows customers served, rank-scaled so a utility with millions of customers cannot swamp the rest. Public Service Elec & Gas Co is highlighted. In New Jersey the cheapest rate and the smallest implied annual bill happen to belong to the same utility, EverBright, LLC; across the country they usually do not.

Territory and usage

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 - -18.7% against the New Jersey median of 8,343 kWh , implying a typical annual bill near $1,386.

State peers

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.

Residential utilities in New Jersey, 2024, ranked by customers served
Utility	Ownership	Customers	Avg ¢/kWh
Public Service Elec & Gas Co (this page)	Investor Owned	2.0M	20.42¢
Jersey Central Power & Lt Co	Investor Owned	964.8K	15.65¢
Atlantic City Electric Co	Investor Owned	472.0K	23.41¢
Rockland Electric Co	Investor Owned	63.7K	21.04¢
Sunrun Inc.	Behind the Meter	45.0K	18.07¢
Sunnova	Behind the Meter	30.1K	19.04¢
City of Vineland - (NJ)	Municipal	22.8K	17.84¢
Tesla Inc.	Behind the Meter	10.1K	17.63¢
Spruce Finance	Behind the Meter	6.3K	16.14¢
SunPower Capital, LLC	Behind the Meter	5.7K	15.24¢
EverBright, LLC	Behind the Meter	160	12.44¢
Palmetto Solar, LLC	Behind the Meter	8	20.56¢

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

Ownership class peers

Investor Owned utilities with similar residential prices

Beyond New Jersey, these indexable investor owned utilities report the closest residential averages to Public Service Elec & Gas Co in the same Form 861 release. Peer sets differ by ownership class and price, not a shared national list.

Same-ownership utilities outside New Jersey nearest in residential price
Utility	State	Customers	Avg ¢/kWh
Madison Gas & Electric Co	Wisconsin	147.5K	20.34¢
Delmarva Power	Maryland	172.0K	20.22¢
DTE Electric Company	Michigan	2.1M	20.13¢
Potomac Electric Power Co	Maryland	485.5K	20.08¢
Ohio Power Co	Ohio	550.8K	19.33¢

FAQ

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, the customer-weighted average across Investor Owned utilities was 18.37¢ per kWh in the 2024 Form 861 release.

Limitations

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 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.

Disclaimer: This information is provided for informational purposes only and does not constitute professional or financial advice. Data is sourced from the U.S. Energy Information Administration (EIA). Rates change and averages do not describe any individual account. Consult your utility or a qualified professional before making decisions based on this data.

Compiled by RateWatt, Independent US electricity-rate data portal

Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Average price, customers and sales are reported by EIA Form 861 (2024). Per-customer annual usage, the implied annual bill, the customer-weighted state average, the Form 861 US customer-weighted average, the ownership-class customer-weighted average, and every percentage difference are RateWatt's arithmetic on those reported columns, never the separate EIA retail-sales statewide series. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.