New Jersey Residential Electricity Rate
Official U.S. Energy Information Administration (EIA) monthly retail-sales statistical average for reporting period 2026-08.
National & Snapshot Rank Context
In the 2026-08 EIA snapshot, New Jersey recorded an average residential price of 24.61 cents per kWh, ranking #42 out of 51 jurisdictions (competition rank, ordered from lowest to highest).
- Vs. U.S. National Aggregate (18.16¢): New Jersey is 6.45¢/kWh (35.5%) above the official EIA nationwide weighted residential average.
- Vs. 51-Jurisdiction Snapshot Median (16.33¢): New Jersey is 8.28¢/kWh (50.7%) above the median jurisdiction (Alabama at 16.33¢).
- Vs. 51-Jurisdiction Unweighted Mean (19.22¢): New Jersey is 5.39¢/kWh (28.0%) above the unweighted 51-jurisdiction snapshot mean.
Nearest Rate Tiers: Next lower rate tier: Connecticut (24.51¢) | Next higher rate tier: District of Columbia (25.98¢)
Monthly Consumption Benchmarks
Estimated monthly cost benchmarks for illustrative residential usage scenarios, calculated from New Jersey's 24.61¢/kWh average retail price and compared against the 18.16¢/kWh U.S. national benchmark:
| Usage Scenario | Monthly Cost (New Jersey) | U.S. Benchmark Cost | Difference vs U.S. | Detailed Scenario |
|---|---|---|---|---|
| 500 kWh — Lower-Consumption Scenario | $123.05 | $90.80 | +$32.25 (+35.5%) | Calculator estimate |
| 1,000 kWh — Standardized Comparison Baseline | $246.10 | $181.60 | +$64.50 (+35.5%) | Calculator estimate |
| 1,500 kWh — Intermediate Consumption Scenario | $369.15 | $272.40 | +$96.75 (+35.5%) | Calculator estimate |
| 2,000 kWh — Elevated Consumption Scenario | $492.20 | $363.20 | +$129.00 (+35.5%) | Calculator estimate |
| 5,000 kWh — Heavy-Load Scenario | $1230.50 | $908.00 | +$322.50 (+35.5%) | Calculator estimate |
Note: Under kWhBill's model, costs scale linearly with consumption. The statewide aggregate includes delivery costs as reflected in reported retail revenue, but this calculation does not separately calculate a customer's tariff structure or bill line items.
New Jersey residential price, last 12 months
| Month | ¢/kWh | Year-over-year | U.S. ¢/kWh | Vs U.S. |
|---|---|---|---|---|
| September 2025 | 23.32¢ | +20.7% | 18.05¢ | +29.2% |
| October 2025 | 22.49¢ | +15.0% | 17.95¢ | +25.3% |
| November 2025 | 22.68¢ | +15.8% | 17.77¢ | +27.6% |
| December 2025 | 22.92¢ | +18.1% | 17.11¢ | +34.0% |
| January 2026 | 23.13¢ | +17.4% | 17.45¢ | +32.6% |
| February 2026 | 23.12¢ | +17.4% | 17.65¢ | +31.0% |
| March 2026 | 23.48¢ | +19.5% | 18.60¢ | +26.2% |
| April 2026 | 23.53¢ | +18.2% | 18.86¢ | +24.8% |
| May 2026 | 23.27¢ | +15.0% | 18.44¢ | +26.2% |
| June 2026 | 24.95¢ | +1.2% | 18.35¢ | +36.0% |
| July 2026 | 25.19¢ | +0.3% | 18.31¢ | +37.6% |
| August 2026 | 24.61¢ | -0.4% | 18.16¢ | +35.5% |
Each year-over-year cell compares that month with the same month one year earlier. The price is the EIA residential average, not a customer bill.
Custom Monthly Cost Benchmark Calculator
Calculate the estimated cost benchmark for any kilowatt-hour amount using New Jersey's 24.61¢/kWh aggregate retail price:
The aggregate retail price includes delivery costs as reflected in reported retail revenue, but this calculator does not separately calculate a customer's tariff structure or bill line items. Not an actual utility bill or billing guarantee.
Wondering how your bill breaks down across generation, delivery, and transmission? Try our Interactive Bill Composition Explainer.
Land-border neighbors of New Jersey
Compare New Jersey's residential electricity price with geographically adjacent or division peer jurisdictions:
Guides, Comparisons & Method
Put New Jersey's average in context, break down what a bill contains, or check exactly how every figure on this page is calculated:
- State Electricity Rate Rankings — all 51 jurisdictions ranked from the same EIA snapshot, lowest to highest.
- Interactive Bill Composition Explainer — how a residential bill breaks down across generation, delivery, and transmission.
- Methodology — data definitions, snapshot provenance, and the limits of statewide-average estimates.
Source, Methodology & Evidence Boundary
U.S. Energy Information Administration (EIA) — Electricity retail-sales API v2 ↗. Dataset: EIA electricity/retail-sales API v2; source version: EIA API v2.1.14 retail-sales; reporting period: 2026-08.
Checksum-locked EIA response captured on 2026-10-24 for reporting period 2026-08. It is a point-in-time snapshot, not a live tariff, customer bill, or current-rate guarantee.
Disclaimer: Statewide statistical cost benchmarks sourced from a checksum-locked U.S. Energy Information Administration (EIA) retail-sales API snapshot. EIA's residential average retail price is total residential retail revenue divided by total residential retail sales (kWh). This aggregate includes delivery costs as reflected in reported retail revenue, but the simple usage calculation does not separately calculate a customer's tariff structure or bill line items. Not an actual utility bill or billing guarantee. For informational use only. Detailed calculations, statistical definitions, and customer-specific billing factors are documented on our Methodology page.