Shop Energy Companies in New Jersey to Find Your Plan
New Jersey deregulated its electricity market in 1999 through the Electric Discount and Energy Competition Act, giving residents greater control over energy costs and the ability to shop NJ electric companies. Through the ability to compare prices from competing energy companies in New Jersey, you can select the supplier that best fits your needs – and what you value.
Budget-conscious homeowners can avoid seasonal rate changes by weighing various New Jersey gas and electric rates before making the best choice. Environmentally conscious shoppers can decide which electric providers in New Jersey are most committed to providing clean, carbon-free energy.
To help residents best compare electric rates in New Jersey, the New Jersey Board of Public Utilities encourages customers to visit NJ Power Switch. You’ll find helpful information about your right to choose energy suppliers and tools for understanding and comparing plans.
Compare New Jersey electric rates
While every New Jersey electric customer has the power to choose natural gas and electric rates, you may not know where to begin. The best place to start? Your most recent electric bill.
You can find out how much you pay per kilowatt (kWh) hour under the Supply Charges portion of your electric utility bill. You can then use this number to compare rates offered by energy suppliers like Energy Harbor. As you compare, consider that the average residential electricity rate in New Jersey is $0.1614 per kWh*. That’s higher than the U.S. national average, $0.1275 per kWh.
Remember that the supply cost – or price per kilowatt hour – is just part of the overall cost for electricity in your utility bill. Other costs include moving the electricity from the plant where it is generated to your home, and power line, substation and transformer maintenance. Learning which costs you can control is a great way to understand how to lower your average utility bill each month.
The good news? As rates change, consumers also have the opportunity to change their electricity provider, or lock in a competitive fixed rate from suppliers like Energy Harbor. This fuels competition, helping keep rates low for everyone.
*Current Price to Compare rates accurate as of 6/01/2022. Rates may have changed since this date. Source: New Jersey Board of Public Utilities
Switching New Jersey energy plans
Whether your new energy plan is a variable rate or fixed rate, making the switch from your previous supplier couldn’t be simpler. The entire process is handled by your new supplier, who will work closely with your utility company to ensure the move is seamless and secure.
Service is maintained without interruption, and there’s no need for a technician to visit your home or office. Most transfers are completed within a few short weeks.
The technology grid that carries New Jersey electricity is managed by the Pennsylvania, Jersey, Maryland Power Pool, or PJM, a regional transmission organization that coordinates planning, operations and reliability oversight of the state’s electrical infrastructure. PJM is responsible for the grid’s reliability and the safe transmission of electricity to thousands of New Jersey residents.
Your local utility is also responsible for this infrastructure, no matter what organization is supplying your electricity. When power goes out, you should contact your local utility rather than your energy supplier.
Choosing the energy plan that’s best for you
Selecting an energy plan isn’t always about electricity costs and saving money. Sometimes it’s about being true to community values or personal preferences. By clicking through the tabs below, discover some tips on how to choose.
The benefits of choosing Energy Harbor
Energy Harbor is an established and trustworthy energy generator and retail supplier of dependable, affordable, carbon-free electricity. With a focus on safe, best-in-class operations, and backed by power generation capabilities, we provide long-term fixed price protection against fluctuating energy prices.
As the owner/operator of one of the most reliable and efficient generation fleets in North America, Energy Harbor is uniquely positioned for lasting competitiveness as a contributor to New Jersey’s clean energy future.