Electricity and gas prices in New Jersey

Households in New Jersey paid an average of 24.95¢ per kilowatt-hour for electricity in June 2026, and $17.68 per thousand cubic feet of natural gas in June 2026. That is the 9th highest electricity price of the fifty states and DC.

What heat costs here

Dollars per million BTU delivered into the house — the only figure that compares a heat pump with a furnace, and the only one that needs no assumption about your house.

Gas furnace, 95% AFUE$17.95
Heat pump at COP 3.0$24.37
Heat pump at COP 2.0$36.56
Electric resistance$73.12

Which certified heat pumps hold their capacity at 5 °F in New Jersey

Five years of prices

July 202116.94¢
October 202116.18¢
January 202216.27¢
April 202216.97¢
July 202217.10¢
October 202216.32¢
January 202316.89¢
April 202317.37¢
July 202318.42¢
October 202317.46¢
January 202417.82¢
April 202418.46¢
July 202420.70¢
October 202419.56¢
January 202519.68¢
April 202520.15¢
July 202525.32¢
October 202522.55¢
January 202623.13¢
April 202623.53¢

Who sells electricity in New Jersey

Utilities reporting at least 1,000 residential customers. The price column is derived — total residential revenue divided by total residential sales in EIA’s 2024 annual survey — not a tariff, and not this month’s rate.

Utility	Ownership	Residential customers	Derived from the 2024 survey
Public Service Elec & Gas Co	Investor Owned	1,966,950	20.42¢
Jersey Central Power & Lt Co	Investor Owned	964,802	15.65¢
Atlantic City Electric Co	Investor Owned	472,020	23.41¢
Rockland Electric Co	Investor Owned	63,679	21.04¢
Sunrun Inc.	Behind the Meter	45,019	18.07¢
Sunnova	Behind the Meter	30,079	19.04¢
City Of Vineland - (Nj)	Municipal	22,774	17.84¢
Tesla Inc.	Behind the Meter	10,055	17.63¢
Spruce Finance	Behind the Meter	6,250	16.14¢
Sunpower Capital, LLC	Behind the Meter	5,684	15.24¢

Get told when this changes

A short note each month when EIA publishes new prices for New Jersey.

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Prices: EIA Electric Power Monthly and Natural Gas Monthly, residential sector. Utility figures: EIA-861 annual survey, data year 2024. Both public domain.