Energy Calculators

Electricity rates in New Jersey

The average residential electricity price in New Jersey was 24.61¢/kWh in August 2026, 35.5% above the U.S. average of 18.16¢/kWh (EIA).

Average price (Aug 2026)
24.61¢/kWh
Change vs Aug 2025
−0.4%−0.09¢/kWh
Rank (1 = most expensive)
10thof 51
vs U.S. average
+35.5%+6.45¢/kWh

New Jersey residential electricity price, last 12 months

New Jersey vs U.S. average residential electricity price, last 12 monthsNew Jersey: 23.3¢ in Sep 2025, 24.6¢ in Aug 2026. Low 22.5¢, high 25.2¢.15.0¢17.5¢20.0¢22.5¢25.0¢27.5¢Nov 2025Feb 2026May 2026Aug 2026
· cents per kWh
Show data table
MonthNew JerseyU.S. average
Aug 202624.6¢18.2¢
Jul 202625.2¢18.3¢
Jun 202624.9¢18.4¢
May 202623.3¢18.4¢
Apr 202623.5¢18.9¢
Mar 202623.5¢18.6¢
Feb 202623.1¢17.6¢
Jan 202623.1¢17.4¢
Dec 202522.9¢17.1¢
Nov 202522.7¢17.8¢
Oct 202522.5¢17.9¢
Sep 202523.3¢18.1¢

Source: U.S. Energy Information Administration (Aug 2026). Retrieved November 5, 2026. About our data

What common appliances cost to run in New Jersey

Worked examples at 24.61¢/kWh, the August 2026 average:

  • Running a 1,500 W space heater 6 hours a day for 30 days uses 270 kWh and costs about $66.45.
  • Running a 3,500 W central air conditioner 8 hours a day for 30 days uses 840 kWh and costs about $206.72.
  • Running a refrigerator using 500 kWh per year uses 500 kWh and costs about $123.05 a year.

Try your own appliance in the appliance cost calculator.

Typical monthly use and bill

New Jersey residential customers used an average of 670 kWh a month in 2025 (EIA annual data). At 24.61¢/kWh, that works out to about $164.89 a month.

States with similar prices

Compare all 50 states and DC

Frequently asked questions

Is electricity expensive in New Jersey?

New Jersey ranked 10th most expensive of 51 (50 states and DC) in August 2026, at 24.61¢/kWh versus the U.S. average of 18.16¢/kWh.

How have New Jersey electricity prices changed over the past year?

The average residential price fell from 24.70¢/kWh in August 2025 to 24.61¢/kWh in August 2026, a change of −0.4%.

What is a typical electric bill in New Jersey?

Residential customers in New Jersey used an average of 670 kWh a month in 2025. At 24.61¢/kWh that is about $164.89 a month. Use the electric bill calculator for your own usage.

Why might my New Jersey rate differ from this average?

The state average blends every utility, rate plan and fixed charge in the state. Utilities, co-ops and municipal providers set different tariffs, and time-of-use or tiered plans change the price of each kWh. Divide your bill total by your kWh for your own average rate.

Data last updated: