New Jersey is a deregulated state for both electricity and natural gas, which means businesses can choose their energy supplier while the utility still delivers the power or gas. By comparing offers and locking in a fixed rate per kilowatt hour (kWh) or therm, companies can protect against seasonal price spikes and lower their utility bills.
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Electric utilities
The following electric distribution companies deliver power in New Jersey, and while they own the poles and wires, businesses can shop around for commodity supply:
– Atlantic City Electric – serves southern New Jersey including the Atlantic City area
– Jersey Central Power & Light (JCP&L) – serves northern and central New Jersey
– Public Service Electric & Gas (PSE&G) – the state’s largest electric and gas utility, serving densely populated areas including Newark and surrounding suburbs
– Rockland Electric Company – supplies power to parts of northern New Jersey near the New York border
Natural gas utilities
The local gas utilities own the pipelines and deliver gas to your facility, but you can purchase supply from competitive natural gas marketers.
– Public Service Electric & Gas (PSE&G) – delivers gas in densely populated areas, including Newark and the central corridor.
– New Jersey Natural Gas – serves the Jersey Shore and central New Jersey.
– South Jersey Gas – supplies gas to the southern counties.
– Elizabethtown Gas – covers parts of Union, Middlesex and surrounding counties.
Choosing the right supplier enables businesses to negotiate low fixed rates and safeguard against volatile wholesale prices. When comparing offers, evaluate contract terms, early termination fees and whether the quoted price includes all taxes and delivery charges. By shopping around in a competitive market like New Jersey, your company can secure the lowest cost per kWh or therm and lock in budget certainty.
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