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 [...]
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 [...]