The Atlantic City Electric company increased their default supply rates on October 1, 2011 by 18%, causing an increase in electric switching activity among customers. The default rate includes all aspects of the electricity generation supply. The increase does not effect the regulated distribution delivery charges that are stated on the bill. Atlantic City Electric [...]
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 [...]
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 [...]
Small businesses can save money on their power bills by shopping for low priced competitive electricity rates. However, according to the New Jersey Board of Public Utilities, under 20% of small businesses electricity users (under 500 KW demand) have entered into power contracts with licensed electricity suppliers. When comparing electricity offers from licensed suppliers, business [...]
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 [...]