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 default prices and low alternative options.
Rockland Electric customers who do not shop and choose a alternative electric supplier pay a default price to compare with Rockland Electric which is listed as the BGS (Basic Generation Service) rates on the Rockland Electric bill. The BGS rates for residential customers is currently 11.689 cents per KWh. The lowest competitive offer in the area is a fixed rate of 10.29 cents per KWh which results in a 12% savings off of the monthly electric supply charges.
If you have not yet looked into electricity choice in New Jersey now is the time to do so. Electric rate savings are available in all four major electric utilities in the state: PSE&G, JCP&L, Atlantic City Electric, and Rockland Electric.