New Jersey Electricity: Compare Rates and Lower Your Bill

New Jersey is served by four investor owned utilities (IOUs) regulated by the New Jersey Board of Public Utilities (NJ BPU) and one municipal utility. PSE&G, or Public Service Electric & Gas, is the largest utility in New Jersey serving about 55% of the state's electricity customers. JCP&L, or Jersey Central Power & Light, is the second largest utility in New Jersey serving about 29%, ACE, or Atlantic City Electric, serves 14% and Rockland Electric Company serving less than 2%. Vineland Municipal Utilities is the only municipal utility located in New Jersey and is operated by the city of Vineland.

New Jersey has the sixth highest electricity prices in the Nation in 2011 and nuclear power dominates the electricity market providing more than half of the state's generation. There is a Renewable Portfolio Standard requiring that 22.5 percent of electricity sold in the state come from renewable energy sources by 2021, with 3.5 percent coming from solar energy. The transportation sector led energy consumption in New Jersey in 2010.

New Jersey Power: Five Questions Answered

Q1. What Utilities Serve New Jersey?

Four Investor Owned Utilities (IOUs) regulated by the New Jersey Board of Public Utilities (NJ BPU) power New Jersey: PSE&G, JCP&L, ACE, and Rockland Electric Company. Vineland Municipal Utilities is the only municipal utility located in New Jersey.

Q2. How Is Nuclear Power Used in New Jersey?

Nuclear power typically supplies more than one-half of generation in New Jersey and the Oyster Creek nuclear reactor, which began operation in 1969, is the oldest operating nuclear power plant in the United States.

Q3. What Is the Average Residential Consumer's Electricity Bill in New Jersey?

The average residential consumer in New Jersey spends enough on electricity a year to buy one 13 inch 2.8ghz Mac.

Q4. What Is the Renewable Portfolio Standard in New Jersey?

New Jersey's Renewable Portfolio Standard requires that 22.5 percent of electricity sold in the state come from renewable energy sources by 2021, with 3.5 percent coming from solar energy.

Q5. Where Can I Find the Latest News and Press Releases Related to New Jersey's Electricity Market?

NJ Energy Ratings tracks the latest news and press releases available from the New Jersey Board of Public Utilities, as well as other sources related to electricity and electricity consumers in New Jersey.

Electricity Rates in New Jersey