Comparing electricity rates in PSEG is becoming easier than ever as electricity choice awareness in New Jersey continues to increase. New Jersey electricity users are getting more options as the number of electricity companies offering service to customers in the PSEG region multiplies.
Energy information sites, such as NJElectricity.org, have made it easier for customers to compare electricity rates on a platform that makes all offers apples-to-apples. Electricity companies will try go gain market share in a variety of ways. Some will offer the lowest fixed electric rate and offer price security, some offer green energy options at higher prices, and others attract customers by offering promotions and incentives with a variable rate that can increase on a month to month basis. Having a place where you can compare electricity rates from different energy companies side by side lets consumers make an informed decision about their energy choices.
When comparing electricity rates, we recommend choosing a rate that is lower than the PSEG default basic generation service rate as this will guarantee electric bill savings. PSEG divides their electricity rate charges up by delivery charges and supply charges. The delivery charges remain regulated and will be the same no matter which electric supplier is chosen. The supply charges are the portion of the bill that is open to electric choice and competition. Competitive energy companies will offer a electricity rate to PSEG customers that include every charge in the supply section.