Cheaper Electricity Nj

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Cheaper electricity nj.

New jersey has had a deregulated energy market for many years now allowing residents and businesses to switch to any of the different nj electric suppliers and save money on your energy bills. New jersey residents tend to be more energy efficient with the 12th lowest energy usage in the country averaging 690 kwh per month. Although the nj state government actively encourages residents and businesses to shop for electricity and natural gas in the competitive marketplace it does not offer an official energy comparison tool online. Hundreds of thousands of new jersey customers have switched suppliers and continue to switch to competitive nj electric or gas suppliers saving hundreds.

Because new jersey residents tend to be more energy efficient they rank in the bottom half for average electricity bill at 106 28 per month. We have the answer. Before deregulation the supply and delivery of energy were combined into one cost. In 1999 new jersey moved to deregulate the state s electricity and gas thus separating the supply and delivery portions into two separate entities.

You are probably thinking okay this all sounds good but how do i find cheaper new jersey electricity rates. Commercial and industrial customers with peak loads of 750 kilowatts or more are subject to a retail margin of one half cent per kilowatthour if they continue to buy their electric supplies from their utility.