Cheapest electricity in New Jersey: the price every offer must beat

Find your utility on your bill. This is the supply and transmission price, with sales tax, that you pay if you pick no supplier. A supplier offer is only cheap if it costs less than this over the term.

Utilities charge different amounts, so one utility's lower number does not mean a cheaper bill. Delivery comes on top at every utility, and the BPU approves it. The summer price applies to the first block of use. Our rates guide has the block sizes and the delivery side.

Got an offer from a supplier? Ask for it in writing. Then enter its price, any fee, its length and its cancel fee here. The tool prices winter, summer and the full year, and compares them with your utility.

This is an estimate of supply cost, not a bill. It uses your utility's seasonal prices as we last read them and warns you when the next change is due. It leaves out delivery. You can save a reminder or print the result. Nothing you type is stored.

New Jersey buys its supply at a yearly state auction. The next is scheduled to start February 8, 2027, with new prices from June 1, 2027. Those dates can move. A fixed offer does not change on that day, so it can go from a deal to a loss, or the other way.

Without a price list, you check each offer yourself. These five checks catch most bad deals.

State rules say a contract must give the price or the way it is set, how long it lasts, and a full list of other fees. If a seller will not do that, walk away.

Here is a made-up example. Your utility charges 15.0¢ in winter and 12.0¢ in summer. A seller offers 14.0¢ fixed for 12 months with a $5 monthly fee. You use 800 kWh a month.

The offer looks cheaper in winter and loses in summer. A saving that exists in only one season may not exist over the year.

You can shop supply and the supplier's fees. You cannot shop delivery, which your utility sets with BPU approval. A new supplier does not change who delivers your power or fixes an outage.

If your town buys power for all homes, that rate is your price to beat. You can opt out of such a program.

Find your utility's price, get a few offers in writing, test them, read the contract and sign with a reminder set.

1. 1
   Find your utility's price.

   It is in the table above and on your bill.

2. 2
   Pick your suppliers.

   NJ Power Switch lists who may sell at your utility. Check each name.

3. 3
   Get two or three offers in writing.

   Ask for the price, fees and length.

4. 4
   Test each in the tool.

   Use your winter and summer kWh.

5. 5
   Read the contract, then sign.

   You have 7 calendar days from the confirmation notice to cancel. With no signed renewal, a contract moves to month to month at its current price, so save the end date.

For the method, read our guide to comparing offers. To check a company, see the NJ supplier guide.