Cheaper Electricity Nj

Any electric or gas customer in new jersey is eligible to shop but those with higher usage may have an even greater incentive to do so.

Cheaper electricity nj.

You are probably thinking okay this all sounds good but how do i find cheaper new jersey electricity rates. The united states launched the energy policy act in 1992 to ensure residents and businesses had the power to choose their energy supplier. Before deregulation the supply and delivery of energy were combined into one cost. We have the answer.

Commercial and industrial customers with peak loads of 750 kilowatts or more are subject to a retail margin of one half cent per kilowatthour if they continue to buy their electric supplies from their utility. Compare electric rates plans and companies in tx pa and nj. In 1999 new jersey moved to deregulate the state s electricity and gas thus separating the supply and delivery portions into two separate entities. Because new jersey residents tend to be more energy efficient they rank in the bottom half for average electricity bill at 106 28 per month.

New jersey residents tend to be more energy efficient with the 12th lowest energy usage in the country averaging 690 kwh per month. Although the nj state government actively encourages residents and businesses to shop for electricity and natural gas in the competitive marketplace it does not offer an official energy comparison tool online.