Electricity Rates Comparison
Data from U.S. Energy Information Administration (EIA) · November 2025
| Metric | New Jersey | New York | National Avg |
|---|---|---|---|
| Residential Rate (¢/kWh) | 22.73¢ | 26.49¢ | 17.24¢ |
| Commercial Rate (¢/kWh) | 16.13¢ | 20.61¢ | — |
| Industrial Rate (¢/kWh) | 13.95¢ | 10.44¢ | — |
| Avg Monthly Bill | $150.56 | $151.30 | $152.02 |
| Avg Monthly Usage (kWh) | 662 | 571 | — |
| Market Type | deregulated | deregulated | — |
New Jersey has a lower residential electricity rate at 22.73¢/kWh compared to New York's 26.49¢/kWh — a difference of 3.76¢/kWh (14.2%).
The average monthly electric bill in New Jersey is $150.56 (662 kWh/month), while in New York it is $151.30 (571 kWh/month). The national average is $152.02.
New Jersey has a deregulated electricity market, while New York has a deregulated market. In deregulated markets, consumers can choose their electricity supplier, which may offer more competitive rates.
The national average residential rate is 17.24¢/kWh. New Jersey is above the national average at 22.73¢/kWh, and New York is above the national average at 26.49¢/kWh.
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