State electricity profile · EIA monthly through May 2026
New Jersey Electricity
As of May 2026, residential electricity in New Jersey costs 23.27¢ per kWh (+13.6% vs May 2025). EIA publishes these figures monthly and this page follows them. New Jersey's 2025 annual residential electricity rate is 22.63¢/kWh, 30.8% above the US average. Both figures point the same way: an above-average rate and only 10% of generation from renewables. The fuel-by-fuel and sector detail is below.
- 23.27¢
- May 2026 rate
- +13.6%
- year over year
- 22.63¢/kWh
- Residential rate
- +30.8%
- vs US average
- 10%
- Renewable
- 3.8M
- Customers
Verify with EIA → · Methodology
22.63¢/kWh residential, 16.63¢/kWh commercial
In the U.S. Energy Information Administration's 2025 annual-frequency retail-sales series, New Jersey's residential average revenue per kWh is 22.63¢/kWh, with a commercial average of 16.63¢/kWh and an industrial average of 13.90¢/kWh; a separate EIA generation series for 2025 reports 10% of the state's generation from renewables.
- 30.8% above the US average vs national residential average
- 10% renewable generation
The verdict · 2025
New Jersey's residential electricity runs 22.63¢/kWh - 30.8% above the 17.30¢/kWh national average, pricier than 80% of other states, with 10% of its power from renewables.
This is EIA state average revenue per kWh across 3.8M reported residential customers, a benchmark for comparing states, not the tariff on any single bill. Source: EIA retail-sales API, annual frequency.
Annual rate change
What changed in the 2025 annual EIA period
- New Jersey's residential average rose from 19.34¢/kWh to 22.63¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +17.0%.
- New Jersey's industrial average rose from 11.93¢/kWh to 13.90¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +16.5%.
- New Jersey's commercial average rose from 14.64¢/kWh to 16.63¢/kWh between the 2024 and 2025 annual-frequency EIA retail-sales periods, a change of +13.6%.
Where New Jersey's residential rate sits nationally
2025 average revenue per kWh across every reporting state
22.63¢/kWh 20th affordability percentile More affordable than 20% of 50 other states
all reporting states, equal-width bands
Each bar spans 5¢/kWh. Taller bars contain more states; the dashed marker locates this state. Hover, focus or tap a bar for its exact count and share.
Source U.S. Energy Information Administration, retail-sales API · 2025 annual frequency
How New Jersey compares
Average revenue per kWh, EIA retail-sales API. Pick a benchmark above to compare New Jersey against the US average or a peer state.
What New Jersey's Electricity Data Tells Us
Residential customers in New Jersey pay 22.63¢/kWh in 2025, across 3.8M metered households, placing the state 30.8% above the national residential average of 17.30¢/kWh. Commercial rates sit at 16.63¢/kWh while industrial buyers pay 13.90¢/kWh. These sector averages describe recorded revenue per kWh; this dataset alone does not establish why they differ. Annual residential sales total 30.1M MWh on roughly $6.8B in utility revenue. Sales and revenue are reported retail-series measures and should not be treated as a local load forecast.
New Jersey prices its sectors in step: 11 of 51 residential against 10 industrial. A state this consistent is the exception rather than the rule, and it means the residential figure above is a fair proxy for how the whole grid is priced. No single fuel reaches half of New Jersey's in-state generation. Natural gas leads at 45.8%, with nuclear at 43.2% close enough behind that the mix reads as a balance rather than a clear lead. It is the leading fuel in 26 states. Renewable fuels (solar, wind, hydro, geothermal and biomass) account for 9.8% of New Jersey's electricity output. These shares describe in-state generation, not a utility-specific customer bill.
Looking back across EIA records, residential prices in New Jersey moved from 15.72¢/kWh in 2016 to 22.63¢/kWh in 2025, a 44.0% shift over that window. States charging a similar rate include Vermont, District of Columbia, New Hampshire, a useful peer set for a sanity check. Because gas sets the price of the marginal megawatt-hour on a grid built around it, New Jersey's residential rate tracks the fuel market with a lag: a gas-price winter shows up on bills months later, and a cheap gas year works its way through the same way. At this level it matters what the figure is made of: it is total revenue divided by total kilowatt-hours, so delivery, taxes and fees are inside it but never broken out. In a state as dear as New Jersey that hides which part of the bill a household could actually act on.
+30.8%
Much more expensive vs the US residential average
20%
of states have higher rates — Above-average cost
10%
Low renewable share — below the 25% US mix
3.8M
residential customers served
Market Overview
Residential Revenue
$6.8B
Commercial Revenue
$6.1B
Residential Sales
30.1M MWh
Residential Customers
3.8M
Residential Price History
New Jersey residential average revenue per kWh moved from 15.72¢/kWh in 2016 to 22.63¢/kWh in 2025 (44.0% over the window).
- New Jersey residential avg
- 22.63¢/kWh 44% since 2016
- 2016 → 2025
- New Jersey residential: 2016, 15.7¢
- New Jersey residential: 2017, 15.7¢
- New Jersey residential: 2018, 15.4¢
- New Jersey residential: 2019, 15.9¢
- New Jersey residential: 2020, 16¢
- New Jersey residential: 2021, 16.4¢
- New Jersey residential: 2022, 16.7¢
- New Jersey residential: 2023, 17.7¢
- New Jersey residential: 2024, 19.3¢
- New Jersey residential: 2025, 22.6¢
Source: U.S. Energy Information Administration, retail-sales API · annual frequency. New Jersey full trend →
New Jersey Average Price by Sector and Year (¢/kWh)
The chart above tracks households only. In 2025, New Jersey households paid 22.63¢/kWh while businesses paid 16.63¢/kWh, a 36.1% residential premium, a wider household-versus-business gap than most states. Every year EIA has published is below, so a single year can be read across all three sectors rather than assembled from three separate EIA queries.
| Year | Residential | Commercial | Industrial |
|---|---|---|---|
| 2025 | 22.63¢/kWh | 16.63¢/kWh | 13.90¢/kWh |
| 2024 | 19.34¢/kWh | 14.64¢/kWh | 11.93¢/kWh |
| 2023 | 17.70¢/kWh | 14.00¢/kWh | 11.68¢/kWh |
| 2022 | 16.74¢/kWh | 13.75¢/kWh | 12.12¢/kWh |
| 2021 | 16.35¢/kWh | 12.69¢/kWh | 10.70¢/kWh |
| 2020 | 16.03¢/kWh | 12.35¢/kWh | 10.01¢/kWh |
| 2019 | 15.85¢/kWh | 12.23¢/kWh | 10.16¢/kWh |
| 2018 | 15.41¢/kWh | 12.21¢/kWh | 10.07¢/kWh |
| 2017 | 15.65¢/kWh | 12.28¢/kWh | 10.12¢/kWh |
| 2016 | 15.72¢/kWh | 12.26¢/kWh | 10.16¢/kWh |
Average revenue per kilowatt-hour, U.S. Energy Information Administration annual-frequency retail-sales series. Revenue per kWh is what customers in each sector actually paid on average, not an advertised tariff rate. Years with no EIA figure for a sector show —.
Who generates New Jersey's electricity
New Jersey has 597 operable generating units on EIA's inventory totalling 16,355 MW of net summer capacity. The largest single plant is PSEG Salem Generating Station , a nuclear station operated by PSEG Nuclear LLC , rated 2,285 MW.
Balancing authorities keep supply and demand matched on the grid; the largest here by capacity are PJM Interconnection, LLC and New York Independent System Operator.
Showing the 16 largest of 420 operable plants in New Jersey by net summer capacity.
| Plant | Operator | Technology | County | MW |
|---|---|---|---|---|
| PSEG Salem Generating Station | PSEG Nuclear LLC | Nuclear | – | 2,285 |
| Linden Generating Station | Linden Combined Cycle | Natural Gas Fired Combined Cycle | – | 1,636 |
| Bergen Generating Station | – | Natural Gas Fired Combined Cycle | – | 1,255 |
| PSEG Hope Creek Generating Station | PSEG Nuclear LLC | Nuclear | – | 1,174 |
| Linden Cogen Plant | EFS Cogen Holdings I LLC | Natural Gas Fired Combined Cycle | – | 915 |
| Red Oak Power LLC | Red Oak Operating Services LLC | Natural Gas Fired Combined Cycle | – | 776 |
| West Deptford Energy Station | West Deptford Energy LLC | Natural Gas Fired Combined Cycle | – | 736 |
| Woodbridge Energy Center | Woodbridge Energy Center | Natural Gas Fired Combined Cycle | – | 726 |
| Newark Energy Center | Hartree Partners LP | Natural Gas Fired Combined Cycle | – | 705 |
| Bayonne Energy Center | Bayonne Energy Center LLC | Natural Gas Fired Combustion Turbine | – | 598 |
| Sewaren | Sewaren Generating Station | Natural Gas Fired Combined Cycle | – | 541 |
| Kearny Generating Station | – | Natural Gas Fired Combustion Turbine | – | 456 |
| Gilbert | Gilbert Power, LLC | Natural Gas Fired Combustion Turbine | – | 455 |
| Yards Creek Energy | Yards Creek Energy | Hydroelectric Pumped Storage | – | 418 |
| NAEA Ocean Peaking Power LLC | Essential Power Operating Company, LLC | Natural Gas Fired Combustion Turbine | – | 333 |
| Sayreville Cogeneration Facility | Sayreville Power Generation LP | Natural Gas Fired Combined Cycle | – | 292 |
| Operating company | Plants | Net summer MW |
|---|---|---|
| PSEG Nuclear LLC | 2 | 3,459 |
| Linden Combined Cycle | 1 | 1,636 |
| EFS Cogen Holdings I LLC | 1 | 915 |
| Red Oak Operating Services LLC | 1 | 776 |
| West Deptford Energy LLC | 1 | 736 |
| Woodbridge Energy Center | 1 | 726 |
| Hartree Partners LP | 1 | 705 |
| Bayonne Energy Center LLC | 1 | 598 |
| Sewaren Generating Station | 1 | 541 |
| Gilbert Power, LLC | 1 | 455 |
Operable units only, from EIA's generator inventory as reported for 2026-05. Capacity is net summer rating, which is what a unit can reliably deliver in peak conditions rather than its nameplate figure. Ownership and operatorship can differ; the company shown is the one EIA records as operating the unit.
Energy Generation Mix (2025)
How New Jersey generates its electricity, from the EIA generation series for 2025 (separate from the 2025 retail-sales price figures above). Renewable sources account for 9.8% of generation.
- Natural Gas45.8%
- Nuclear43.2%
- Solarrenewable9.0%
- Other1.0%
- Biomassrenewable0.7%
- Petroleum0.2%
Frequently Asked Questions
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States with Similar Electricity Prices
Other states led by natural gas
These grids also report natural gas as their largest generation share in the latest EIA mix — a different peer set from the price neighbors above.
Using New Jersey's numbers
With renewables still a small share of generation here, the figures above describe a mix that has further to travel than most. Watch what New Jersey builds when its existing thermal capacity retires, because that is the decision the next decade of rates is made of.
- New Jersey sits 30.8% above the national average, see exactly where it lands among all 50 states. See the rankings
- Check the multi-year trend before you judge the rate, a low price rising fast can cost more over a decade than a steady one. New Jersey price trend
- Compare New Jersey side by side with the US average and peer states using the tool above, then estimate your own bill from your monthly kWh. Cost calculator
Figures are EIA state averages by sector, computed as revenue divided by sales, so delivery and taxes are inside them but not broken out. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
Read with New Jersey: why energy prices vary
Where New Jersey's figures come from
Every price and generation figure on this page is drawn from the EIA series below, and from nothing else.
- 📊 EIA State Energy Profile, New Jersey State energy database
- ⚡ EIA Electric Power Monthly The monthly and annual price series behind every rate here
- 🌿 EIA generation by source The in-state generation shares quoted above
- 📖 Our methodology Source-to-figure lineage, and further federal energy references
Utilities serving New Jersey
The 12 utilities that reported bundled residential service in New Jersey to EIA Form 861 (2024), largest first. Entity prices below are Form 861 averages for that release, not the same survey as the 2025 retail-sales statewide average above, and not a household tariff. What an individual household pays depends on which of these serves its address.
| Utility | Ownership | Customers | Avg ¢/kWh |
|---|---|---|---|
| Public Service Elec & Gas Co | 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¢ |
The 3 serving 100.0K+ residential customers link to a full profile. Presence in EIA Form 861 is not evidence that a utility is available at a given address or that a customer may choose it.
Related
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Energy Information Administration (EIA). Consult a qualified professional before making decisions based on this data.
Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. Statewide prices use the EIA retail-sales annual series (2025). Generation mix uses a separate EIA generation series (2025). Utility rows use Form EIA-861 (2024) and are not averaged into the statewide retail-sales figure. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2025.