New Jersey Electricity Rates and Average Bill
Data through August 2026 (the latest month EIA has published) · Updated October 31, 2026
As of August 2026, the average residential electricity rate in New Jersey is 24.61¢/kWh (the 10th-highest in the U.S.) and the average monthly bill is $236.26, per EIA data. That rate is 6.4¢ above the U.S. average of 18.16¢/kWh.
Rate trend, last three years
View this chart as a table (last 12 months)
| Month | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) |
|---|---|---|---|
| September 2025 | 23.32 | 144.25 | 619 |
| October 2025 | 22.49 | 108.53 | 483 |
| November 2025 | 22.68 | 117.02 | 516 |
| December 2025 | 22.92 | 160.26 | 699 |
| January 2026 | 23.13 | 174.16 | 753 |
| February 2026 | 23.12 | 146.67 | 634 |
| March 2026 | 23.48 | 128.65 | 548 |
| April 2026 | 23.53 | 110.40 | 469 |
| May 2026 | 23.27 | 127.14 | 546 |
| June 2026 | 24.95 | 207.33 | 831 |
| July 2026 | 25.19 | 261.02 | 1036 |
| August 2026 | 24.61 | 236.26 | 960 |
New Jersey vs the U.S. average
| New Jersey | U.S. average | |
|---|---|---|
| Rate (August 2026) | 24.61¢/kWh | 18.16¢/kWh |
| Average monthly bill | $236.26 | $209.23 |
| Average monthly usage | 960 kWh | 1152 kWh |
| Rate change, 1 year | −0.4% | +3.4% |
| Rate change, 5 years | +46.9% | +30.5% |
New Jersey's average residential rate of 24.61¢/kWh for August 2026 ranks 42nd of 51 (1 = lowest). Over the past year the rate moved −0.4% (New Jersey) versus +3.4% nationally; over five years, +46.9% versus +30.5% nationally. Average usage of 960 kWh/month compares with 1152 kWh nationally, which is why the bill and rate ranks can differ. For how New Jersey's recent increase ranks against every other state (12-month, 3-year and 5-year changes), see electricity rate increases by state.
Largest utilities in New Jersey
Average effective rates and bills for New Jersey's largest utilities, from EIA Form 861-M (August 2026). Or find yours by ZIP code.
| Utility | Rate (¢/kWh) | Avg bill ($/mo) | Avg usage (kWh/mo) | Residential customers |
|---|---|---|---|---|
| Public Service Elec & Gas Co | 26.85 | 218.19 | 813 | 1,975,037 |
| Jersey Central Power & Lt Co | 20.55 | 235.23 | 1,144 | 943,986 |
| Atlantic City Electric Co | 27.61 | 277.26 | 1,004 | 474,417 |
| Rockland Electric Co | 26.40 | 351.13 | 1,330 | 64,521 |
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 24.61¢/kWh is about $246.10. The state's actual average usage is 960 kWh/month, which is what produces the $236.26 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.