New Jersey Electricity
Utilities in New Jersey
New Jersey is served by four electric utilities, or IOUs (Investor Owned Utilities), which are regulated by the New Jersey Board of Public Utilities (NJ BPU) and one municipal utility.
PSE&G, or Public Service Electricity & Gas, is the largest utility in New Jersey serving about 55% of the electricity customers in New Jersey.
JCP&L, or Jersey Central Power & Light, is the second largest utility in New Jersey serving about 29% of the electricity customers in New Jersey.
ACE, or Atlantic City Electric, is the third largest utility in New Jersey serving about 14% of the electricity customers in New Jersey.
RECO, or Rockland Electric Company, is the smallest IOU in New Jersey serving less than 2% of the electricity customers in New Jersey.
Vineland Municipal Utilities is the only municipal utility located in New Jersey, and is operated by the City of Vineland. As such, Vineland Municipal Utilities is not regulated by the NJ BPU, and does not allow electricity choice within its service territory. However, Vineland Municipal Utilities does support the installation of customer-sited solar electric (also known as photo-voltaic or PV) systems with one of the few Net-Metering agreements that also customers to roll forward any net credits forward for up to 25 years.
New Jersey Electric Stats
U.S. of Energy: New Jersey
- Nuclear power dominates New Jersey's electricity market, typically supplying more than one-half of state generation
- The average residential consumer in New Jersey spends enough on electricity a year to buy one 13 inch 2.8ghz Mac
- More NJ Electricity Facts
Quick Facts about NJ electricity
- The transportation sector led energy consumption in New Jersey in 2010, where the average commute time has been among the longest in the Nation.
- New Jersey averaged the sixth highest electricity prices in the Nation in 2011. New Jersey's Oyster Creek nuclear reactor, which began operation in 1969, is the oldest operating nuclear power plant in the United States.
- New Jersey's Renewable Portfolio Standard requires that 22.5 percent of electricity sold in the state come from renewable energy sources by 2021, with 3.5 percent coming from solar energy.
- New Jersey has enacted the Nation's first offshore wind renewable energy standard, requiring at least 1,100 mega- watts by 2021 in its renewable energy portfolio.
NJ, U.S. Rankings
|Total Energy Consumption per Capita:||37th in U.S.|
|Total Production of Energy||36th in U.S.|
|Crude Oil Production||-|
|Electricity||24th in U.S.|
|Carbon Dioxide Emissions||37th in U.S.|
|Natural Gas Prices||28th in U.S.|
|Electricity Prices||7th in U.S.|
Latest BPU News & Press Releases
Power2Switch tracks the latest news and press releases available from the New Jersey Board of Public Utilities, and other sources that affect electricity and electricity consumers in New Jersey. We shall include an ongoing summary of the latest news and PR below, and will comment on developments in the New Jersey electricity market on our blog. All blog articles related to New Jersey can be found here.
3/21/13 - BPU Puts PSE&G's $4B Modernization Plan On Hold
The state wants Public Service Electric & Gas to spend ratepayer money to modernize its electric and gas systems, but is not ready to write a blank check allowing the utility to spend $4 billion over the next decade to cover those costs...
3/20/13 - NJ Surpasses 1 Gigawat
1/25/13 - Christie Administration Announces Enhanced Clean Energy Program Incentives to Assist Hurricane Sandy Flood Victims
The N.J. Board of Public Utilities (BPU) has increased rebate levels and expanded the list of qualifying equipment and products under New Jersey's Clean Energy Program (CEP) to help residents, businesses and local government entities replace storm-damaged equipment and appliances with more energy-efficient products.
1/23/13 - Christie Administration Adopts Measures to Improve Utility Storm Responses
The New Jersey Board of Public Utilities approved 103 seperate measures to improve EDC preparedness and response to major storms