Despite competitive low electricity prices, promotional offers, and the guarantee of consistent reliable service, the electric switch percentage in the PSEG service area has remained low in comparison to other similarly designed electricity markets in northeastern states and Texas. One of the biggest expected reasons for the low participation rate is the confusion that exists [...]
Competitive energy companies have finally started offering electric rate service to customers in southern New Jersey who are serviced by Atlantic City Electric. Electricity customers are shopping for lower electric rates and finding that alternative energy companies can offer prices that are far lower than the traditional Atlantic City Electric "Price to Compare" rates. Understanding [...]
The shape of power companies in New Jersey has changed as the Energy Choice and Competition Act has evolved. Prior to electric choice New Jersey consumers were forced to buy their power supply from monopolies who were regulated by the NJ Board of Public Utilities. NJ electric choice has allowed new power companies to enter [...]
Residences of Paterson, New Jersey are finding savings on their energy bills by shopping for competitive rates. As a result of the New Jersey Competition and Choice Act, people living in Paterson, as well as the majority of New Jersey cities, are able to choose between over a dozen electric suppliers to provide them with [...]
Many PSEG energy customers are still surprised to learn that they can choose between multiple companies to buy their electricity and natural gas. Unlike the majority of cities in the United States, New Jersey consumers have the benefit of living in an electric choice market. The BPU oversees the competitive energy market in New Jersey. [...]
Northern New Jersey electricity customers who are serviced by Rockland Electric are finding cheaper energy prices through the New Jersey Electricity Choice and Competition act. While the Rockland Electric Company is a relatively small utility company servicing just over 63,000 residential customers, it is currently one of the hottest electricity competitive markets due to high [...]
Energy customers in Jersey City are quickly learning that they can obtain lower electricity rates with competitive energy suppliers. Due to the New Jersey Electricity Choice and Competition Act, Jersey City electric customers can shop and compare competitive electric rates to their local utility's default rate. The competition act has turned the Jersey City utility, [...]
The summer has certainly sparked competition among alternative electricity companies offering service in the PSEG service area. Savings versus the PSEG BGS rates - the default rate PSEG charges for electricity supply service to those customers who have not shopped for lower rates - are up to 17%. It is not surprising that competitive electric [...]
Electricity customers of Jersey Central Power and Light (JCPL) are seeing the best electricity rate offers since electric choice went into action in the state in 2003. As of January 1, 2011 only 7% of JCPL residential customers had switched off of the JCPL default rate for a lower electric supply rate resulting in a [...]
The estimated PSEG electricity price to compare rate for residential customers in 2011 is $0.1228 cents per KWh. The rate may vary slightly for different size customers as the PSEG rate includes several components. However, it is save to assume that any PSEG customer who has not taken advantage of electric choice can benefit by [...]