New Jersey Electricity Price Knowledge

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Freshness: Aging (84d)Quality: 90/100vv2geographic-state
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Machine-readable summary for New Jersey electricity rates and ranking metrics.

Region: Northeast

How This State Compares

State rate vs U.S. national average.

Electricity in New Jersey costs 26.1% more than the national average.

State rate
22.15 ¢/kWh
National average
17.57 ¢/kWh
Difference: +4.58 ¢/kWhDifference: +26.1%Category: much higher than national average
New Jersey vs U.S. averageNew Jersey vs U.S. average. ¢/kWh. New Jersey: 22.15 ¢/kWh; U.S. average: 17.57 ¢/kWhNew Jersey22.15 ¢/kWhU.S. average17.57 ¢/kWh
¢/kWh

Key Insights

  • Electricity in New Jersey costs 26% more than the national average.
  • New Jersey ranks #11 among U.S. states for electricity prices.
  • New Jersey shows an accelerating electricity price trend based on recent historical data.

Looking for a consumer-friendly cost estimate? See Electricity Cost in New Jersey.

Rate trend

Trend (available history)

New Jersey avg rate trendNew Jersey avg rate trend. Available history. Values: 22.73 ¢/kWh, 22.98 ¢/kWh
Available history

Momentum Signal

Directional historical signal, not a forecast.

New Jersey shows an accelerating electricity price trend based on recent historical changes.

Signal: Accelerating12‑month change: +18.39%24‑month change: +30.87%

Where this state sits

Position relative to all states.

Avg rate (¢/kWh)
LowestHighest22.15 ¢/kWh
Value score
LowestHighest67
Affordability
LowestHighest65

Key Metrics

Avg rate (¢/kWh)
?Average residential electricity price in cents per kilowatt-hour for the state.
22.15¢/kWh↑
Example bill (1000 kWh)
?Estimated monthly bill at 1000 kWh using the state's average rate, excluding certain fees/taxes depending on dataset limits.
221.5$
Value score
?Composite score used to compare states based on price and stability. See methodology for calculation details.
67
Affordability
?Index reflecting electricity cost burden relative to typical usage assumptions used by the site.
65
Freshness
?Indicates how recent the underlying dataset is relative to build time.
Fresh

Compare with other states

Direct state-to-state electricity cost comparisons.

Summary

Shareable summary
New Jersey electricity: 22.15 ¢/kWh
Example bill (1000 kWh): $221.5
Value score: 67 | Affordability: 65
Freshness: Fresh (as of 2026-03-09)
More: https://www.priceofelectricity.com/knowledge/state/new-jersey

All fields

Field-level stats and metadata.

Avg rate (¢/kWh)
?Average residential electricity price in cents per kilowatt-hour for the state.
22.15
Updated
February 2026
Value score
?Composite score used to compare states based on price and stability. See methodology for calculation details.
67
Affordability
?Index reflecting electricity cost burden relative to typical usage assumptions used by the site.
65
Freshness
?Indicates how recent the underlying dataset is relative to build time.
Fresh

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Compare with other states

Direct state-to-state comparisons.

Disclaimers

Related electricity pages