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Energy Profile

New Jersey

Electricity costs 22.63¢/kWh residential, ranking #41 cheapest in the US. 3.8% renewable energy.

Reviewed by EnergyProfile Editorial Team · Updated

22.63¢

Residential Rate

#41

Price Rank (Cheapest)

3.8%

Renewable Energy

#49

Renewable Rank

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Electricity Rates

Residential22.63¢/kWh
Commercial16.63¢/kWh
Industrial13.90¢/kWh
National Average17.92¢/kWh

Electricity Generation Mix

Natural Gas

49.3%

Nuclear

46.0%

Solar

2.7%

Other

2.0%

Frequently Asked Questions

The residential electricity rate in New Jersey is 22.63¢ per kilowatt-hour, ranking #41 cheapest out of 51 states. The national average is 17.92¢/kWh, making New Jersey 26% above average.

3.8% of New Jersey's electricity comes from renewable sources, ranking #49 among all states. The largest generation source is Natural Gas at 49.3%.

New Jersey's residential rate of 22.63¢/kWh is 26% above the national average of 17.92¢/kWh. Commercial rates are 16.63¢/kWh and industrial rates are 13.90¢/kWh.

Related State Energy Profiles

Maryland Energy Profile

19.48¢/kWh residential · 10.7% renewable

Michigan Energy Profile

20.01¢/kWh residential · 12.0% renewable

District of Columbia Energy Profile

21.94¢/kWh residential · 46.8% renewable

Vermont Energy Profile

22.92¢/kWh residential · 99.8% renewable

New Hampshire Energy Profile

24.56¢/kWh residential · 14.9% renewable

South Dakota Energy Profile

13.38¢/kWh residential · 81.6% renewable

Sources: US Energy Information Administration (EIA), EIA State Energy Data System

Electricity rates from EIA retail sales data. Prices in cents per kilowatt-hour. Generation mix from EIA electric power operational data. Rankings based on residential rates.

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.