New Jersey electricity costs
How much does electricity cost in New Jersey?
The latest available EIA average residential electricity price for New Jersey is 24.95¢ per kWh for June 2026.
Average residential price
24.95¢ per kWh
EIA · June 2026
This is an average delivered residential price. Your utility tariff, fixed charges, taxes, and time-of-use pricing may differ.
What the number means
How New Jersey compares
New Jersey's average is 36.0% above the U.S. residential average of 18.34¢/kWh. Compared with the same month a year earlier, the average price is 0.3% higher.
12-month trend
New Jersey residential electricity prices
The chart shows the latest twelve monthly EIA averages available for New Jersey.
| Month | Average price |
|---|---|
| Jun 2026 | 24.95¢/kWh |
| May 2026 | 23.27¢/kWh |
| Apr 2026 | 23.53¢/kWh |
| Mar 2026 | 23.49¢/kWh |
| Feb 2026 | 23.12¢/kWh |
| Jan 2026 | 23.13¢/kWh |
| Dec 2025 | 22.98¢/kWh |
| Nov 2025 | 22.73¢/kWh |
| Oct 2025 | 22.55¢/kWh |
| Sep 2025 | 23.39¢/kWh |
| Aug 2025 | 24.95¢/kWh |
| Jul 2025 | 25.32¢/kWh |
Monthly examples
What that rate means on an electricity bill
Using 24.95¢/kWh as a simple energy-cost estimate:
These examples multiply electricity use by the EIA average price. They are not a prediction of a specific utility bill and do not separately model fixed fees or special rate plans.
Use your own bill
Know your exact rate?
Every calculator lets you replace the state average with the electricity price from your own bill. That is usually the better choice for a personal estimate.
About the data
Why the state figure changes.
EIA updates residential electricity data over time and can revise prior months. This page is regenerated automatically when our data refresh runs.