Nj Commercial Electric Rates

Business and commercial electricity rates in new jersey since businesses use more electricity than households they can qualify for extremely low electricity rates with energy choice.

Nj commercial electric rates. If you re not participating in energy choice as a new jersey business owner you may be leaving a pile of money on the table. Before deregulation the supply and delivery of energy were combined into one cost. Deregulation provides new jersey electric and gas customers the option to choose the best plan for your home or business. Compare nj electric rates.

The ptc for commercial customers is based on the actual kilowatt hours kwh and kilowatt kw used for electric customers or actual therms used for gas customers. There is no easier way to cut down operating expenses than finding a lower electric rate resulting in lower monthly electric bills. Overview of new jersey s competitive electricity and gas market. The united states launched the energy policy act in 1992 to ensure residents and businesses had the power to choose their energy supplier.

Switching electric companies is a seamless process. Compare nj natural gas rates. Electricity rates by state the u s. Firstenergy s 10 regulated distribution companies form one of the nation s largest investor owned electric systems based on serving 6 million customers in the midwest and mid atlantic regions.

The average commercial electricity rate of 12 78 kwh in nj is 26 66 greater than the national average commercial rate of 10 09 kwh. Commercial under 10 000 kwh mo large commercial over 10 000 kwh mo. The new jersey electricity commercial market is now deregulated which means that businesses can shop for and find lower electricity prices. What s my current electric rate.

Commercial electricity rates in new jersey average 12 78 kwh which ranks the state 9th in the nation. At make the switch usa we help you compare current nj electric rates and gas rates so you can choose the plan that is right for you. If a third party supplier s price per kwh or kw or therm is less than your listed ptc you could save the difference between those prices by choosing that supplier. Average is 13 28 cents per kilowatt hour state electric prices last updated sept.

The average electricity rate is 13 19 cents per kilowatt hour kwh. In the late 1990 s new jersey passed legislation to open up the energy industry to competitive energy suppliers and provide new jersey electricity and gas customers with a choice of who they use for their energy supply. 1 2020 the september choose energy rate report shows you just how much energy costs can vary using the latest electricity prices from the u s. In 1999 new jersey moved to deregulate the state s electricity and gas thus separating the supply and delivery portions into two separate entities.

The average price a residential customer in the united states pays for electricity is 13 31 cents per kwh.