In July 2026, businesses in New Jersey paid an average of 19.17¢ per kWh, the 12th most expensive of the 50 states and DC and 31.9% above the U.S. commercial average of 14.53¢.
That price is up 4.4% from a year earlier.
Over the past 12 months the average commercial customer in New Jersey used 5,648 kWh a month and paid $984 (U.S.: $896).
Average business electric bill in New Jersey
The average commercial customer in New Jersey paid $984 a month over the last 12 months, the 12th highest of the 50 states and DC. In July 2026 the average business bill was $1,217. These averages mix small shops with large offices and stores, so use the table below to estimate a bill for your own usage.
What would a business pay?
| Monthly use | Per month | Per year |
|---|---|---|
| 5,000 kWh × 19.17¢ | $958.50 | $11,502 |
| 10,000 kWh × 19.17¢ | $1,917.00 | $23,004 |
| 50,000 kWh × 19.17¢ | $9,585.00 | $115,020 |
Commercial electricity rates in New Jersey by month
Business power in New Jersey cost 19.17¢ per kWh in July 2026, compared with 25.19¢ for homes and 15.63¢ for industrial users. See home electricity rates in New Jersey.
Utilities serving businesses in New Jersey
Public Service Elec & Gas Co serves the most business customers in New Jersey, with 325,250 commercial accounts.
| Utility | Business customers | Avg. business rate |
|---|---|---|
| Public Service Elec & Gas Co | 325,250 | 16.76¢ |
| Jersey Central Power & Lt Co | 131,771 | 17.16¢ |
| Atlantic City Electric Co | 65,896 | 20.54¢ |
| Rockland Electric Co | 9,708 | 20.94¢ |
| City of Vineland | 3,049 | 18.32¢ |
"Avg. business rate" is what each utility's full-service commercial customers paid on average in 2025 (revenue ÷ kWh sold), shown only for utilities with at least 100 business customers.
Can businesses choose an electricity supplier in New Jersey?
Yes. Businesses in New Jersey can buy electricity from a licensed retail supplier, and many sign fixed-price contracts to make costs predictable. The local utility still delivers the power.
Compare current offers on the official state site: NJ Board of Public Utilities energy shopping.
How to lower your business electricity cost
- Check your rate schedule. Utilities put businesses on rate classes by size and usage. Ask your utility whether another schedule, such as a time-of-use rate, fits how you use power.
- Manage demand charges. If your bill has a demand charge, it is set by your highest short burst of usage in the month. Staggering when large equipment starts can lower it.
- Compare supply offers. Check the price per kWh, contract length, early-termination fees and what happens when the contract ends before you sign.
Business electricity rates in neighboring states
| State | Price per kWh |
|---|---|
| Delaware | 13.80¢ |
| Pennsylvania | 13.86¢ |
| New Jersey | 19.17¢ |
| New York | 24.18¢ |
New Jersey business electricity FAQ
What is the average business electric bill in New Jersey?
Commercial customers in New Jersey paid an average of $984 a month over the last 12 months, using 5,648 kWh. This average covers every kind of business, from small shops to large offices, so a small business will usually pay much less.
What is the commercial electricity rate in New Jersey?
The average commercial rate was 19.17¢ per kWh in July 2026, 31.9% above the U.S. average of 14.53¢. Industrial customers paid 15.63¢ per kWh, and homes paid 25.19¢.
Can businesses choose their electricity supplier in New Jersey?
Yes. Businesses in New Jersey can buy electricity from a licensed retail supplier, while the local utility keeps delivering it. Official offers are listed on NJ Board of Public Utilities energy shopping.
What is a demand charge?
Many commercial rates include a demand charge based on the highest amount of power (kW) a business draws during a short interval, often 15 or 30 minutes, in the billing month. Starting large equipment at different times can lower it.
NJ commercial and industrial electricity prices and bills: U.S. Energy Information Administration retail sales data (forms EIA-861M and EIA-861), latest month July 2026. Utilities: EIA-861 (2025). Bills and usage are revenue and sales divided by customers. Last updated 2026-10-20.