PSE&G electric rates: the supply price to beat and what a supplier must undercut

It is 19.79¢ per kWh, and it is the supply part of your bill. NJ Power Switch, the BPU's shopping site, says the price to compare is the average cost of generation and transmission. PSE&G posts it as two numbers, energy and transmission, and this page adds them up with sales tax. The price started October 1, 2026.

In June to September the first block of use costs 19.55¢, and use above 600 kWh costs more. PSE&G's own table leaves out a small catch-up line called the reconciliation charge, which was zero in its Sept. 1, 2026 notice.

A higher default price is not the same as a higher bill. Delivery charges differ by utility too. Our New Jersey rates guide sets all four side by side.

Type the offer's price per kWh with tax, any monthly fee and your kWh. The tool shows the saving or the extra cost for winter, for summer and over 12 months. Use the price on the offer, not the one in an ad, and check whether tax is included.

1. 1
   Pick PSE&G.

   It is on your bill.

2. 2
   Type the offer's price.

   Use cents per kWh, such as 17.5, with tax.

3. 3
   Add any monthly fee.

   Type 0 if there is none.

4. 4
   Type your kWh.

   Use the usage line on your bill.

"Costs more" is money the offer would take from you. "Saves" is money you keep. It is an estimate of the supply price only, not a bill, and it leaves out delivery, credits and the contract's fine print.

Subtract the fee, as cents, from the price to compare. A monthly fee is spread over your kWh, so it matters more for a home that uses less. Divide the fee by your kWh and multiply by 100 to get cents per kWh.

Here is a made-up example. Say the price to compare is 20¢. A home using 600 kWh with a $10 fee loses 1.67¢ of every kWh to the fee, so it needs an offer under about 18.33¢ to come out ahead, because 20 minus 1.67 is 18.33. An offer at 19¢ with that fee costs more than doing nothing. Use your own price to compare and your own kWh.

Few do. In September 2026, 84,462 of PSE&G's 2,054,308 home accounts bought from a supplier, which is 4.1%. Another 9,427 were in a town program. For comparison, the share was 10.5% at JCP&L, 7.4% at Atlantic City Electric and 3.3% at Orange and Rockland.

The state does not publish what suppliers charge, so these counts show who switched, not who saved. The BPU's switching report lists the counts for all four utilities.

NJ Power Switch lists 65 suppliers that may sell to PSE&G homes. A licence is not an open plan. Some suppliers on the list do not sell to new homes at any given time. The state's list links each supplier's own page, but it shows no prices.

So the way to compare is to read each price page, or use a plan finder that shows plans for your ZIP. Check any name with the supplier list on NJ Power Switch, and see our supplier guide for the questions to ask. Looking for a green plan? Read what a green plan really buys.

It can change on Oct. 1 and June 1. The supply price is bought in steps at a state auction each February, and new prices start June 1. The next auction for homes starts Feb. 8, 2027, and the new price would start June 1, 2027.

1. Oct. 1, 2026The price to compare reset to 19.79¢.
2. Feb. 8, 2027The state auction that sets the price for homes starts.
3. June 1, 2027New supply prices start. If you buy from PSE&G, your price changes even if you do nothing.

For a sense of scale, the BPU estimated a typical PSE&G home using 650 kWh paid $183.46 a month before June 1, 2026, and $180.23 after. That was a 1.8% drop. A fixed supplier price does not change on June 1, but it can cost more or less than the new PSE&G price. Our high bill guide shows how to find the cause of a jump.