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. [...]
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 [...]
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 [...]