Low Electric Rates in JCPL

Residential customers who receive their monthly electric bill from JCPL can find savings above 10% by taking the time to shop and compare electricity rates in the competitive NJ energy market. The New Jersey Electric Choice and Competition act is providing power options for both residential and commercial customers. There are variety of options in the New Jersey competitive market. Customers can choose to lock in a fixed rate for savings and price certainty, or they can choose a variable rate with the option to switch suppliers at any time. Green power options are also being offered because of the NJ Electric Choice act.

Having the power to shop power companies is still a new idea to most electricity customers in New Jersey. Less than 8% of JCPL residential customers have switched electric suppliers despite competitive rates that are more than 10% lower than JCPL residential default rates. New Jersey is hoping that their electricity market matures like the Texas market did over the last decade. In Texas, Houston energy customers can choose between over twenty electric companies and over 50 electric rate offers.

The default rates offered by JCPL are generation supply rates that JCPL charges to customers who have not participated in energy choice. These rates are determined by a series of auctions that begin three years prior to the current current year. In other words, default rates being offered in 2011 are determined by auctions that occurred in 2008, 2009, and 2010. Switching electric companies does not end the customer relationship with JCPL. JCPL remains the electricity delivery company for all of their customers regardless of which competitive electricity generation supply company is chosen.


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Energy Price Comparison

Performing an energy price comparison among different energy companies and their offers is not always as simple as it may seem.  If you are shopping for competitive energy prices you may not always get apples to apples rate comparisons, especially if you are doing electric rate comparisons for a business.

Increasingly competitive energy suppliers are finding creative ways to structure their rate offers which makes customers appear to be signing contracts for unrealistic low rates, when in truth the contract has many additional charges that show up on the electric bill.

In order to protect customers, New Jersey and Pennsylvania post their “Price to Compare” rates which are the default rates offered by the utilities that competitive suppliers are supposed to offer their rates against.  Most people understand that with electric choice, the bill is now divided into two sections:  the competitive supply section, and the regulated delivery section.  The “Price to Compare” rate that utility companies (PP&L, PECO, PSE&G, JCP&L) publish are the entire supply component of the bill.

The supply rate for energy is broken down into more smaller components.  Some of these charges, such as transmission and capacity, will often be displayed on the bill.  Other components, such as line losses and congestion fees, are charges that are not stated on the bill but are blended into the price to compare rate.  However, competitive suppliers will take out these charges and present their rate to a customer that only contains the energy commodity.  The remaining charges will show up when the customer receives the bill.

This practice makes offers seem significantly less than the utility price to compare.  Unfortunately, often when the bill shows up those extra charges push the rate well above the default price to compare.

It is important to understand that in most energy choice markets, business customers can save money on their bills through shopping and comparing offers.  However due diligence needs to be done and the contracts read.  If your staff is unable to do this themselves they should consider working with an energy consulting firm or use a electricity comparison site that presents all offers equally against each other and against the utility’s current price to compare rate.

Here is some information on specific price to compare rates:

PPL:  The price to compare includes the energy rate and transmission rate that are posted on the PPL website.  The rates also include a GRT tax that is 5.9%.  Current PPL commercial rates increased by 33% on June 1.

PECO:  The price to compare includes the energy rate and transmission rate that are posted on the PPL website.  The rates also include a GRT tax that is 6.06%.  PECO commercial rates will increase by 9-11% on July 1.  PECO residential rates will increase by an average of 10% on July 1.

PSEG:  The official term for the price to compare in New Jersey is Basic Generation Service (BGS) rate.  The BGS rate for PSEG businesses is a little complicated because they use different measurements for different charges.  They charge a per KWh rate for energy commodity, and then a dollar per KW demand for transmission and capacity.  This causes the total BGS to change slightly from month to month.  To get an overall idea of what your BGS default rate is, take your total supply charge and divide it by the total KWh amount for that month.  All of this is stated on the bill.  Then you can compare competitive rates against the total BGS rate to see what type of savings are available.  Keep in mind that BGS rate include a 7% NJ tax.

JCPL:  The official term for the price to compare in New Jersey is Basic Generation Service (BGS) rate.  The BGS rate includes energy and transmission charges.

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PSEG Power Rates

Electricity customers who are serviced by the utility PSEG are finding savings on their electric bills by shopping for lower electric rates.  Electric shopping in New Jersey is picking up as PSEG and JCPL get ready to set their summer rate increases.

Customers who have not shopped and compared electricity prices are paying high default rates.  The default electricity rates in NJ are set for one year at a time starting on June 1 and ending on May 31.  The summer months (June through September) have a different set of energy rates than the non-summer months (October through May).  While electricity savings are currently available for customers who compare energy prices, the savings are expected to be even greater once the summer default rates take effect on June 1.

In addition to lowering your electric bill, many of the competitive energy suppliers offer promotions such as gift cards and cash back bonuses.  Below are electric rate offers that also have promotional offers.

Electricity choice is certainly becoming a reality in New Jersey.  Customers of PSEG, JCPL, and Atlantic City Electric are seeing more and more electricity options.  One year ago their were less than a handful of options for NJ residential electric customers, now there are about a dozen electricity companies offering electric supply service with more filing the paperwork to enter the market.  True electric competition is taking place in New Jersey.

Compare Competitive PSEG Rates (updated daily):


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NJ Power Shoppers Find Savings

New Jersey power consumers are finding savings through the state’s electricity choice program.  Electric choice in New Jersey has brought in more than a dozen electric suppliers offering electricity rates to commercial and industrial customers over the last several years.  Now electricity suppliers are starting to offer residential rates in New Jersey.

NJ power shoppers who take the time to compare electricity offers are finding the best deals.  In addition to low electric rates that offer significant savings versus utility default rates, some electric suppliers are offering incentives and promotions to entice customers to switch.  Despite electric bill savings of over 20% in some cases, less than 8% of New Jersey residential electric customers have switched suppliers.

Those who have not switched continue to pay a high default rate with their local electric utility company – PSEG, JCPL, ACE, Rockland.  PSEG and JCPL have been pushing power shopping and choice to their customers to help spread the word.  Though New Jerseyans now have a choice of who supplies their electricity, the power continues to be delivered by the local utility companies.  PSEG, JCPL, Atlantic City Electric, and Rockland Electric do not lose the customer when they switch electric suppliers.  Instead, the utility company continues to bill the customer and charge regulated rates for power delivery.  The only thing that changes is that instead of paying the high default supply rate, the customer pays a competitive supply rate.  If that competitive rate is lower than the default rate, than the customer saves money on their electric bill.

Here are some current low power rates in New Jersey:
PSEG Rates



JCPL Rates



Atlantic City Electric Rates


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Rockland Electric

Rockland Electric delivers electricity to just under 63,000 residences in northern New Jersey.  Though electricity choice has existed in New Jersey for several years, competitive electricity companies have just recently started offering competitive electricity rates in the Rockland Electric area.

Though, as of December 2010, only 1.8 percent of the residential customers have chosen an alternative electric supplier, Rockland Electric residential customers can save as much as 18% versus the Rockland default rates.  Rockland Electric offers default electricity rates for those customers who do not shop and compare electricity offers.

People have been slow to shop the competitive energy market in the area mostly because they are unaware of their choices.  Of the four incumbent electricity utility companies in New Jersey, Rockland Electric is by far the smallest.  Because of this, the competitive electricity suppliers are focusing more of their marketing efforts on the bigger utility areas of PSEG and JCPL, even though the greatest savings opportunities currently exist for Rockland customers.

It is expected that more and more Rockland Electric customers will shop for lower rates in 2011 as they become more familiar with their electricity choice options.

Rockland Electric Price to Compare – $0.1215
MxEnergy $0.097 /Kwh 20% Savings
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JCPL NJ

Residential electricity customers of the New Jersey utility company Jersey Central Power & Light (JCP&L) are receiving competitive offers for the first time.

Though JCP&L has had a deregulated retail energy market for several years, electricity companies were slow to enter the market due to low JCP&L electric default rates.  JCPL sets their default rates for their roughly 972,000 electric residential customers by holding an auction the previous year.  Between 2004 and 2008 energy prices were in a consistent upswing.  This made it difficult for competitive electric companies to offer discounted rates as they were always buying in a market where the price was higher than the default rates established in previous months.

With a general downturn in electricity prices in 2010, competitive electric companies are finally able to offer residential customers attractive electricity offers.

As competition has increased in the JCPL market some electricity companies have focused their marketing efforts on promotions and sign-up bonuses.

Fixed rate offers for terms as little as 4 months and as high as 24 months with a $75 gift card can be found here.

Variable month to month rates with a $50 cashback bonus can be found here.


Fixed electric rates will protect customers from JCPL electric rate increases that are expected to occur on June 1, 2011.

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NJ Electricity Prices and Savings

Seven years after New Jersey officially deregulated their electricity market, residences of the state are finally seeing competitive electric rates that can save them real dollars off of their monthly electric bill.

If you are a customer of PSE&G, JCP&L, Rockland Electric, or Atlantic City Electric, savings can be found by shopping the competitive electricity market for lower prices.  Alternative electric suppliers had been slow to enter the New Jersey market for a variety of reasons.  However, a significant drop in wholesale electric prices combined with high utility default rates, have given electricity companies a great reason to get licensed by the state and market their services and rates to New Jersey customers.

Residential customers can choose between a variable electric rate that can fluctuate month to month but gives the customer the option to leave the service at any time, or a fixed electric rate that locks in your rate for a specific period of time, usually anywhere from 4-24 months.

Here are the residential electricity rates available in New Jersey at this time:
PSEG Rates



JCPL Rates



Atlantic City Electric Rates



Some of the companies are running introductory offers with cashback bonuses.

For a low variable rate with a $50 Cashback Bonus introductory offer, click here.
Low fixed rate offers with a Visa Prepaid card up to $75 can be found here

In most cases, including the offers above, even after you switch electric suppliers you will still get your monthly electric bill from your utility company.  The utility companies (PSEG, JCPL, Rockland, Atlantic City Electric) are still regulated lines and wires company and are responsible for billing residential electric customers.  They only provide a default electric rate to residential customers because they are required to do so by the state under the terms of the New Jersey Competition and Electric Choice Bill.

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NJ Electric Prices

New Jersey electric customers have more rate options than ever before.  The four local utilities – PSE&G, JCP&L, Atlantic City Electric, Rockland Electric – all have default electric rates that are higher than competitive market rates for power.

Despite this opportunity for savings, only 3.3% (as of September 2010) of all New Jersey customers have switched away from default service on to lower rate structures.  Larger businesses have been quicker to switch as the Board of Public Utilities in New Jersey reports about 72% of the states largest customers (those using above 10o0 KW demand) have contracted out with alternative suppliers.

The consumers who can really benefit from electricity deregulation in NJ are the small business and residential customers.  The switch rate with these classes are extremely low.  Though New Jersey has had a deregulated electricity market for several years now, there has only been real savings opportunities available over the last 20 months or so.  NJ Electricity choice is still a new idea for many NJ residents.

What people in New Jersey should understand is that their local utility company is no longer responsible for their supply charges.  The utility companies, such as PSE&G and JCP&L, want their customers to shop for lower electric rates.  They do not profit off of the default service that they offer to customers who do not shop.  The utility companies are now soley in the business of delivering power.

We have found that most small businesses in New Jersey can expect to see savings between 10-20% if they take the time to shop the electricity market and compare prices.  Residential customers, depending on their utility, can see savings between 5-15%.

ElectricityWatch recommends customers look for electric prices that are fixed.
PSEG Rates



JCPL Rates



Atlantic City Electric Rates


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Find Lower JCPL Electric Rates

Jersey Central Power and Light (JCPL) electricity customers are seeing some of the lowest electric rates since the utility deregulated back in 2003.

The basic generation service, the JCPL default rate, will be $0.110285 per kilowatt hour from October 1, 2010 through May 31, 2011 for small and medium businesses.  From now through the end of September it will be even higher at $0.115462.  Solid 10-15% exist for these businesses who shop and compare commercial electric companies.

Meanwhile, New Jersey residential electric customers in JCPL are paying high default rates of $0.1172 a kilowatt hour.  For the first time since 2003, these electricity customers can save money by finding a lower electric rate through a competitive electric company.

Residential and business customers can find their current default electric rates on their JCPL bill at the top next to BGS Energy Charges and BGS Transmission Charges.  The combination of these two charges make up the total price to compare default rate.  When you choose a lower priced electric provider, their low electric rate will take the place of those two charges.

Depending on the electricity company, you will continue to receive one monthly electric bill from JCPL with the lower rate, or you might receive a bill from the electricity company for the supply charges and one from JCPL for the delivery charges.  Either way, you will save money as long as you sign for a electric rate that is lower than the JCPL BGS default electric rate.

Commercial and industrial electric rates change on a daily basis.  For a list of low commercial electric rates in New Jersey email us with the request and we will email you back a list of electricity companies and their electric rates.


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How do I Lower My Electric Bill

States that have decided to deregulate, or restructure, their electricity utilities are giving their consumers the opportunity to lower their electric bills.  Misunderstanding how to lower the electric bill has been a problem for some of these electric rate payers.

As a simple review, the electric bill is divided into two main sections; the delivery (lines and wires) section and the retail supply section.  The delivery section is the portion of the bill, usually between 20-30% of the total charge, that is paid to the utility company for delivering the power through the lines and wires.  These charges are still regulated by the state.

The energy charge, also called supply charge, makes up the majority of the bill and is the section that has been deregulated.  It is here where customers can lower their electric bill by finding an alternative electric company that will supply electric power at a lower price per kilowatt hour than the current default electric rate that the incumbent utility offers.

Most default rates are set for a specific period of time.  You can lower your electric bill by finding out how long the default rate will be at a certain amount per kilowatt hour and then finding an alternative provider who will offer a lower electric rate for that period.  For example, the default rate for customers who are served by the utility PPL in Pennsylvania is $0.10402 per kilowatt hour for the entire year of 2010.  Locking in a fixed rate of $0.09 per kilowatt for any period in 2010 will give the customer a lower electric bill by 13.5% off of the energy supply portion of the bill.  It might be wise to lock in a low electric rate for a period that goes beyond the expiration of the current default rate if you think energy prices are headed up.

States where you can currently lower your electric bill against the utility default rate include Pennsylvania, Connecticut, New Jersey, Maryland and Delaware.  There are also saving available in Texas if you have not shopped the competitive electric market within the past two years.

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