New Jersey electricity rates and average bill

In August 2026, the average residential price in New Jersey was 24.61¢ per kWh, about the same as a year earlier (24.70¢).

Source: EIA Table 5.6.A (August 2026, preliminary) and EIA 2024 averages. Checked 2026-10-29.

New Jersey electricity prices, month by month

So far in 2026 (8 months), New Jersey has averaged 23.91¢ per kWh, +10.1% compared with the same months of 2025 (21.71¢). Over the last 12 months the price was highest in July 2026 (25.19¢) and lowest in October 2025 (22.49¢).

Why is my electric bill so high in New Jersey?

• Price: New Jersey homes paid 24.61¢ per kWh in August 2026, −0.4% from August 2025 (+10.1% for 2026 so far). The U.S. average changed +3.4%.
• Season: the price itself moves through the year, from 22.49¢ in October to 25.19¢ in July, on top of the extra heating or cooling you use.
• Use: a typical New Jersey home uses about 662 kWh a month (2024). Compare your bill with that, and with the same month last year rather than last month.

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Average electric bill in New Jersey

A typical New Jersey home used 662 kWh a month in 2024 (U.S.: 863 kWh). At the August 2026 price that is about $163 a month, compared with $164 at the August 2025 price — a decrease of $1 for the same use. EIA's actual 2024 average bill was $128.13.

What common appliances cost to run in New Jersey

At 24.61¢ per kWh. Wattages are typical values from the U.S. Department of Energy.

Calculate any appliance · Space heater cost in New Jersey

Nearby states (Middle Atlantic)

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