Electricity rates in New Jersey
See the latest average electricity prices in New Jersey and estimate your bill with a calculator prefilled with the local residential rate.
$0.24
per kWh · EIA, Apr 2026
Residential
$0.24
per kWh
Commercial
$0.17
per kWh
Industrial
$0.15
per kWh
vs US average
+25%
more expensive
Price rank
#12
of 51 (1 = highest)
How New Jersey compares
Residential price per kWh vs the national average and the cheapest/most expensive states.
Sample monthly bills in New Jersey
Estimated energy cost at New Jersey's average residential rate (before fixed charges and tax).
500 kWh / month
$117.65
≈ $1,411.8/year
900 kWh / month
$211.77
≈ $2,541.24/year
1200 kWh / month
$282.36
≈ $3,388.32/year
New Jersey electricity bill calculator
Prefilled with New Jersey's average residential rate. Adjust usage, add fixed charges, or switch to a tiered tariff.
$151.18
600 kWh · ≈ $4.97/day
Per day
$4.97
Per year
$1,814.16
7,200 kWh/yr
Cost breakdown
- Energy93%
- Fixed charge7%
Estimate only. Check your official utility bill for exact charges.
About electricity prices in New Jersey
What the rate includes
The figures above are EIA average retail prices — the total revenue utilities collect divided by kWh sold. Your own rate depends on your utility, plan, and usage tier, so treat this as a New Jersey benchmark.
Lowering your bill
The fastest wins are usually heating, cooling, and water heating. Use the appliance calculator to find your biggest energy users, then shift heavy usage off-peak if your plan supports it.