⚡ US Energy Price Monitorby KadoaUpdated weekly

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Electricity prices in New Jersey

What homes in New Jersey pay for electricity, from EIA.

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Headlines

Average price
23.8¢ a kWh
Up 12% on a year ago
Average bill
$158 a month
Up 13% on a year ago
Average use
664 kWh
A month. US 870 kWh
Price rank
12 of 51
1 is the most expensive

Over the 12 months to July 2026, New Jersey homes paid 23.8¢ a kWh, against a US average of 18.0¢.

New Jersey vs the US

New JerseyUS
Average price, 12 months to July 202623.8¢18.0¢
Price in July 202625.2¢18.3¢
Average monthly bill, 12 months$158$156
Bill in July 2026$261$212
Average monthly use664 kWh870 kWh
Price change, past year+12%+6.6%
Price change since 2019+50%+38%

Electricity price

Average residential price a kilowatt-hour, by month.

Up to and including July 2026

Source: EIA Electric Power Monthly. Revenue over kilowatt-hours sold, including fixed charges.

Average monthly bill

What an average home pays a month. Bills peak in summer and winter.

Up to and including July 2026

Source: EIA Electric Power Monthly. EIA's own method for its average bill table.

Natural gas price

Average residential price a thousand cubic feet, by month. Summer prices are high because fixed charges are spread over little gas.

Up to and including June 2026

Source: EIA Natural Gas Monthly.

Utilities in New Jersey

Past 12 months, utilities with 10,000 homes or more. These utilities serve 91% of homes in New Jersey; smaller utilities serve the rest.

PSE&GInvestor-owned26.1¢+13%$1482,007,276
Jersey Central Power & LightInvestor-owned19.3¢+12%$154941,217
Atlantic City ElectricInvestor-owned27.8¢+14%$173473,974
Rockland ElectricInvestor-owned24.9¢+13%$22764,356

Heating fuels in New Jersey: heating oil, propane.