New Jersey Residential Electric Rates

New Jersey has four major electric utilities providing electricity delivery service and default generation service. Your utility company is the company who sends you your monthly electric bill.

The utility company continues to manage and control the delivery portion of the electricity (lines and wires), but is no longer in the business of providing the lowest possible electric rates. Instead they offer a default rate called basic generation service (BGS). BGS rates are set for a year beginning in June and ending in May. Low Competitive Rates in New Jersey are available below: