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New Jersey Electricity Prices

Average retail price by sector. Latest data: May 2026.

Residential

23.27¢ /kWh

▲ 13.6%vs. last year

Commercial

17.86¢ /kWh

▲ 7.9%vs. last year

Industrial

14.57¢ /kWh

▲ 16.0%vs. last year

Average monthly bill

Full bill breakdown →

$160per month▲ 20.3% vs. the year before

23.80¢/kWh × 672 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to May 2026 — the 21st highest among the 50 states and DC.

Compared with the U.S. and neighboring states

Average monthly residential electricity bill, in US dollars
New Jersey		$160
U.S. average		$155
Pennsylvania		$172
Delaware		$165
New York		$164

New Jersey is $5 a month above (+2.9%) the U.S. average of $155. Average monthly bill, June 2025 – May 2026.

How New Jersey makes its electricity

Fuel mix & 10-year trend →Power plants →

Renewable

4.3%

Carbon-free

49.4%

Largest source

Natural gas 49%

49%

45%

New Jersey electricity generation by source, June 2025 – May 2026
Source	Share	Generation
Natural gas	49.3%	30,706 GWh
Coal	0.0%	0 GWh
Nuclear	45.1%	28,071 GWh
Wind	0.0%	20 GWh
Solar	3.3%	2,075 GWh
Hydro	0.0%	2 GWh
Other	2.3%	1,428 GWh

62.3 TWh of net generation over the 12 months to May 2026. Generation, not consumption — power crosses state lines.

New Jersey electricity prices in context

New Jersey's residential electricity rate stands at 23.27¢/kWh in May 2026, the 13th highest among the 50 states and DC. This is 4.83¢/kWh above the national average of 18.44¢/kWh, representing a 26.2% premium. Among its neighbors, New York carries a higher rate at 29.93¢/kWh, while Pennsylvania at 21.55¢/kWh and Delaware at 19.38¢/kWh both fall below New Jersey. Commercial rates stand at 17.86¢/kWh and industrial rates at 14.57¢/kWh.

The price has climbed sharply in recent years, rising 45.9% since May 2021 when it was 15.95¢/kWh, and surging 103.1% over two decades from 11.46¢/kWh in May 2006. Over the longer view, the rate has more than doubled since January 2001, when it was 9.62¢/kWh, for a 141.9% increase. The current rate sits below its recent peak of 25.32¢/kWh in July 2025 but remains well above the record low of 9.34¢/kWh from February 2001.

The average monthly residential bill reaches $160 for 672 kWh, slightly above the national average bill of $155, though usage runs well below the national average of 871 kWh per month. Year-over-year, rates have climbed 13.6% in the past year.

Written from the EIA figures on this page, covering data through May 2026.

12-month trend

ResidentialCommercialIndustrial

Residential history since 2001

Jan '01: 9.62¢
Now: 23.27¢
Change: ▲ 141.9%
Range: 9.34–25.32¢

Recent months

Month	Residential	Commercial	Industrial
May 2026	23.27	17.86	14.57
April 2026	23.53	16.77	15.22
March 2026	23.49	17.21	13.56
February 2026	23.12	17.29	15.52
January 2026	23.13	17.41	16.27
December 2025	22.98	16.13	13.95
November 2025	22.73	15.91	13.64
October 2025	22.55	16.27	14.17
September 2025	23.39	17.32	13.94
August 2025	24.95	18.68	15.17
July 2025	25.32	18.36	14.92
June 2025	24.88	18.01	15.40

Prices in ¢/kWh.

Frequently asked questions

›How much does electricity cost in New Jersey?

Residential electricity in New Jersey costs 23.27¢ per kilowatt-hour as of May 2026, the 13th highest rate among the 50 states and DC. Commercial customers pay 17.86¢ and industrial customers 14.57¢ per kilowatt-hour.

›Why is electricity expensive in New Jersey?

New Jersey's residential rate of 23.27¢/kWh is +30.4% versus the U.S. average of 17.84¢/kWh. What a household actually pays also depends on how much it uses: the typical New Jersey home consumes 672 kWh a month against a national average of 871 kWh, which is why its average bill comes to $160.

›Have electricity prices in New Jersey gone up?

Residential electricity in New Jersey has moved +141.9% since 2001, reaching 23.27¢/kWh in May 2026. Over the last year alone the change was +13.6%.

›Is electricity cheaper in states neighboring New Jersey?

Of the states bordering New Jersey, New York has the lowest average monthly bill at $164 and Pennsylvania the highest at $172. New Jersey averages $160 a month, against a U.S. average of $155.