Commercial electricity rates in New Jersey
What businesses in New Jersey actually paid per kilowatt-hour, from EIA's monthly utility filings. Updated monthly.
The last 36 months
Range over the period shown: 13.10¢ to 19.17¢ per kWh. Each point is a monthly state average, not an offered rate.
New Jersey by the numbers
How commercial compares with other sectors
| Sector | Price per kWh |
|---|---|
| Commercial | 18.71¢ |
| Residential | 24.61¢ |
| Industrial | 16.24¢ |
All figures are August 2026 averages for New Jersey.
Commercial customers in New Jersey pay 24% less per kWh than households there. Nationally the commercial price sits 20% below residential, so the gap here is wider than usual.
What this costs a typical account
The average commercial account in New Jersey used 6,614 kWh in August 2026. At 18.71¢ per kWh that is about $1,237 for the month — computed from EIA totals, so it is the average account, mixing a large facility with a corner shop.
How the price has moved
Over the 36 months to August 2026, New Jersey's commercial price rose 29.8%, from 14.41¢ in September 2023 to 18.71¢. The high point was 19.17¢ in July 2026 and the low 13.10¢ in January 2024 — a spread of 46% between the cheapest and dearest month, which is unusually volatile for a state-level average.
Across the same period the dearest month on average was July (17.70¢) and the cheapest November (14.69¢), a seasonal swing of 20%.
New Jersey against its region
New Jersey is in EIA's Middle Atlantic division, where the commercial average was 19.62¢ in August 2026. New Jersey is 5% below that, and 2 of 3 on price within the region.
Others in the region: Pennsylvania, New York.
States priced near New Jersey
| State | ¢/kWh | Rank |
|---|---|---|
| Michigan | 16.21¢ | 38 |
| Maryland | 17.00¢ | 39 |
| Connecticut | 19.29¢ | 41 |
| Vermont | 20.47¢ | 42 |
Source
EIA Electric Power Monthly, retrieved 2026-11-02 · methodology · all 51 states