JCPL Summer Rate Savings

On June 1, new summer default rates went into effect for all New Jersey customer s being serviced by JCPL (Jersey Central Power & Light) who are still on the utility’s price to compare default rate.

While residential competitive electric providers remain limited in the state, there are roughly two dozen competitive electric suppliers offering lower rates for commercial and industrial customers compared to the JCP&L default price to compare rate.  Business customers in the GS rate class will pay a rate of $0.115462 from June through September of 2010, and then pay $0.110205 from October 2010 through May 2011.  Current fixed competitive electric rates in the area are in the low $0.10s per KWh resulting in savings for most businesses between 8-14%.

Default rates in JCPL are derived from auctions the utility performs in previous years for the current year.  Due to lower natural gas prices, current market rates for electricity are lower than the current default rates resulting in saving opportunities for businesses.

For more inf0rmation on Jersey Central Power and Light competitive rates, please leave a comment or send an email.

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{ 3 comments… read them below or add one }

jeff abrams June 22, 2010 at 8:08 am

How do Constellation Energy’s rates compare to others? Do you publish a comparison of rates offered to northern NJ commercial customers?

ElectricityWatch Team June 23, 2010 at 9:29 am

Constellation usually has good commercial rates, however it is important to make sure that there rate includes the entire supply portion and is not leaving any charges off. Basically, the rate they give you should inlcude everything except for the utility’s delivery charge and taxes. Some providers will take parts of the supply charge, such as congestion fees and line loss fees, and put them into their own category of charges making their competitive rate look better than it actually is.

We do offer a comparison chart for serveral providers for small and medium businesses. Feel free to email us with your rate class (found on bill) and estimated monthly bills and we can provide you with some comparisons.

suzan July 20, 2010 at 8:11 pm

our local provider is PSE&G but today we had a rep from IDT show up at the door stating since PSE&G is now deregulated they can offer savings by eliminating BGS fee. how much truth is in that? I tried to research the topic and couldnt find much information? Do you have a list of the residential rates in NJ so we know whether we made a good decision?

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