New Jersey Electricity
2024 energy prices and generation data from the EIA
Residential Rate
19.34¢/kWh
Residential
19.34¢/kWh
3.7M customers
Commercial
14.64¢/kWh
540.2K customers
Industrial
11.93¢/kWh
11.3K customers
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2016 | 15.72¢/kWh | +0.4% |
| 2017 | 15.65¢/kWh | +1.6% |
| 2018 | 15.41¢/kWh | -2.8% |
| 2019 | 15.85¢/kWh | -1.1% |
| 2020 | 16.03¢/kWh | -2.0% |
| 2021 | 16.35¢/kWh | -2.3% |
| 2022 | 16.74¢/kWh | -5.4% |
| 2023 | 17.70¢/kWh | -8.5% |
| 2024 | 19.34¢/kWh | — |
Market Overview
Residential Revenue
$5743.7M
Commercial Revenue
$5431.3M
Residential Sales
29.7M MWh
Residential Customers
3.7M
Data from the U.S. Energy Information Administration (2024). Prices in cents per kilowatt-hour (kWh).