Now that competitive electric rates are yielding savings versus traditional utility default rates, more and more New Jersey residences are switching their electric companies in order to save money. As of July 2011, the NJ Board of Public Utilities reported that 8.6% of residential electricity customers have switched electric companies. If you have not looked [...]
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 [...]
Electric choice in New Jersey is more robust today than in the past due to dozens of competitive electric suppliers entering the market over the last year. New Jersey electricity customers served by PSEG, JCPL, Atlantic City Electric, and Rockland Electric are being offered big savings between 10 and 20 percent off of utility default [...]