As the second largest city in New Jersey with a population of over 242,000 people, Jersey City has become a prime target for competitive electricity suppliers looking to acquire new customers. As a result of the New Jersey Energy Choice and Competition Act, power consumers living in Jersey City have the ability to shop the market for low competitive electricity rates that can save them money on their PSE&G electricity bill. With almost 10% of the Jersey City population over the age of 65, lower monthly electric bills can go a long way.
In order to sell electricity to Jersey City consumers a supplier must be licensed with the state through the New Jersey Board of Public Utilities. Licensed electricity suppliers can then offer competitive rates to customers for the supply portion of their PSE&G electric bill which includes generation and transmission charges. PSE&G is the regulated utility company for Jersey City which means that they are in charge of delivering power to homes and businesses in the city at distribution charges that continue to be regulated by the state.
Comparing Jersey City electricity suppliers does not have to be a daunting task. The Board of Public Utilities requires that all electricity suppliers present their rates in the same format, allowing consumers to accurately compare the rate offers. However consumers should be weary of variable rates that can, and often do, go higher frequently than the introductory rate offered. In contrast, fixed rates do not change for the term of the agreement established with the electricity supplier. Below are current offers (updated daily) from electricity suppliers offering service in Jersey City. The billing continues to be done through PSE&G, so your bill must be current with PSE&G in order to switch onto a lower rate structure. If you are currently paying the PSE&G default rate, choosing a fixed rate that is lower than the default rate will save you money on your monthly electric bill.