How Much Is Electricity in New Jersey?
The residential electricity rate in New Jersey is 22.63¢ per kilowatt-hour (kWh), ranking #41 cheapest among all 51 US states. The national average is 17.92¢/kWh, making New Jersey 26% above average.
22.63¢
Residential
#41
Price Rank
3.8%
Renewable
| Residential Rate | 22.63¢/kWh |
| Commercial Rate | 16.63¢/kWh |
| Industrial Rate | 13.90¢/kWh |
| US Average (Residential) | 17.92¢/kWh |
At 22.63¢/kWh, residential electricity in New Jersey is 26% above the U.S. average of 17.92¢/kWh — the 11th most expensive residential rate among 51 states and territories.
Across rate classes, commercial customers pay 16.63¢/kWh and industrial customers 13.90¢/kWh — a 2.73¢/kWh gap that reflects the volume discounts large industrial loads receive. Renewables supply 3.8% of generation in New Jersey, where natural gas dominates the mix at 49.3%, followed by nuclear at 46.0%.
In 2024, New Jersey generated about 60,175 GWh of electricity in total.
Source: U.S. Energy Information Administration, 2026.