Current Average Electricity Supply Rate in New Jersey
As of September 2025, the average New Jersey residential electricity price is 23.39¢/kWh. This statewide average provides a starting point for evaluating supplier offers. Actual supply rates vary by utility territory, plan length, and supplier competition.n.
Recent Rate Trends
- June 2025: 22.7¢/kWh
- July 2025: 22.9¢/kWh
- August 2025: 23.2¢/kWh
Projected Rate Trends
Where New Jersey rates are today
- October 2025: 23.6¢/kWh
- November 2025: 23.9¢/kWh
- December 2025: 24.1¢/kWh
New Jersey residents pay about 23.39¢ per kWh on average for electricity as of September 2025, which is above the U.S. average but lower than New England states. The Garden State participates in the PJM regional market and has a competitive supplier marketplace, so actual supply rates vary by utility territory and plan.
Why New Jersey rates are the way they are
- Participation in the PJM regional market means New Jersey prices reflect wholesale costs across the multi‑state grid.
- Natural gas dependence: many generation units rely on gas, so spikes in gas prices feed directly into power costs.
Key Indicators Affecting New Jersey Commercial Electric Supply Rates
New Jersey’s commercial electricity supply rat18882711133†L170-L177】. Demand has been rising faster than expected, driven by rapid load growth from data centers and other industries; analysts expect PJM load growth to jump from 1% to 5% annually, with data centers alone potentially consuming 12% of total load by 2030【24418882711133†L185-L191】.
Another key indicator is the volatility of global energy markets. Fuel prices surged following pandemic supply chain disruptions and Russia’s invasion of Ukraine, pushing natural-gas and wholesale power costs higher【24418882711133†L194-L199】. This volatility trickles down to commercial supply offers. Finally, auction dynamics and policy requirements, such as New Jersey’s renewable portfolio standard and capacity market auction results, can raise or lower supply prices by changing the mix of resources and program costs that suppliers must recover.
By keeping tabs on these indicators – supply additions and retirements, demand growth from data centers and electrification, fuel and energy market volatility, and evolving policy and auction outcomes – businesses can better anticipate when commercial electric supply rates are likely to rise or fall.