New Jersey Electricity Rates and Average Bill
Data through June 2026 (the latest month EIA has published) · Updated September 04, 2026
As of June 2026, the average residential electricity rate in New Jersey is 24.95¢/kWh (the 9th-highest in the U.S.) and the average monthly bill is $207.33, per EIA data. That rate is 6.6¢ above the U.S. average of 18.34¢/kWh.
Rate trend, last three years
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| July 2025 | 25.32 | 286.94 | 1133 |
| August 2025 | 24.95 | 208.40 | 835 |
| September 2025 | 23.39 | 144.61 | 618 |
| October 2025 | 22.55 | 108.75 | 482 |
| November 2025 | 22.73 | 117.33 | 516 |
| December 2025 | 22.98 | 160.73 | 699 |
| January 2026 | 23.13 | 174.15 | 753 |
| February 2026 | 23.12 | 146.66 | 634 |
| March 2026 | 23.49 | 128.58 | 547 |
| April 2026 | 23.53 | 110.40 | 469 |
| May 2026 | 23.27 | 127.13 | 546 |
| June 2026 | 24.95 | 207.33 | 831 |
New Jersey vs the U.S. average
| New Jersey | U.S. average | |
|---|---|---|
| Rate (June 2026) | 24.95¢/kWh | 18.34¢/kWh |
| Average monthly bill | $207.33 | $170.65 |
| Average monthly usage | 831 kWh | 930 kWh |
| Rate change, 1 year | +0.3% | +5.0% |
| Rate change, 5 years | +52.3% | +32.6% |
New Jersey's average residential rate of 24.95¢/kWh for June 2026 ranks 43rd of 51 (1 = lowest). Over the past year the rate moved +0.3% (New Jersey) versus +5.0% nationally; over five years, +52.3% versus +32.6% nationally. Average usage of 831 kWh/month compares with 930 kWh nationally, which is why the bill and rate ranks can differ. For how New Jersey's recent increase ranks against every other state (12-month, 3-year and 5-year changes), see electricity rate increases by state.
Largest utilities in New Jersey
Average effective rates and bills for New Jersey's largest utilities, from EIA Form 861-M (June 2026). Or find yours by ZIP code.
| Utility | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) | Residential customers |
|---|---|---|---|---|
| Public Service Elec & Gas Co | 27.95 | 199.72 | 714 | 2,011,135 |
| Jersey Central Power & Lt Co | 20.16 | 194.60 | 965 | 937,668 |
| Atlantic City Electric Co | 27.80 | 236.39 | 850 | 473,449 |
| Rockland Electric Co | 24.31 | 268.15 | 1,103 | 64,382 |
Average bill = rate × average usage. Utilities with similar rates can show very different average bills because their customers' average usage differs (housing mix, heating fuel, climate).
Estimate a bill at New Jersey rates
Worked example: 1,000 kWh at New Jersey's average rate of 24.95¢/kWh is about $249.50. The state's actual average usage is 831 kWh/month, which is what produces the $207.33 average bill. These are average effective rates including all charges; your utility's tariff will differ.
Wondering what's behind rising rates nationally? See Why is my electric bill so high?, our data-led explainer on demand growth, data centers, and grid costs. Also: New Jersey gas prices and why they are what they are, and the cheapest way to heat a home by fuel and state.
Source: EIA retail sales data (residential sector, monthly), published with roughly a two-month lag. Rate = revenue ÷ sales; bill = revenue ÷ customers. We do not project unpublished months. See methodology.