States › New Jersey › January 2025
New Jersey electricity prices, January 2025
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In January 2025, residential customers in New Jersey paid an average of 19.68¢ per kilowatthour, up 10.4% on the same month a year earlier (17.82¢). The US average for the month was 15.94¢; New Jersey was 23% above that. It ranked 11th highest among the 50 states and the District of Columbia.
Residential sales were 2,731,794 MWh, up 7.0% on a year earlier, and the average residential bill for the month was $143.56 on 730 kWh. Weather moves monthly sales far more than prices do, so bills swing with the season.
EIA marks this month as preliminary. Preliminary months come from the Form EIA-861M sample and are revised when the annual census is complete.
Average price is revenue divided by sales for the sector and year; it is not a tariff rate. Reliability figures are as reported by utilities to EIA on Form 861 and may use different calculation methods. Monthly figures come from the Form EIA-861M sample and are revised when EIA finalises the year.
Price by sector
| Sector | Jan 2025 | Jan 2024 | Change | US, Jan 2025 |
|---|---|---|---|---|
| Residential | 19.68¢ | 17.82¢ | +10.4% | 15.94¢ |
| Commercial | 15.18¢ | 13.10¢ | +15.9% | 12.82¢ |
| Industrial | 13.68¢ | 11.14¢ | +22.8% | 8.34¢ |
| All sectors | 16.93¢ | 14.85¢ | +14.0% | 13.09¢ |
Sales and customers
| Measure | Jan 2025 | Jan 2024 | Change |
|---|---|---|---|
| Residential sales | 2.7 TWh | 2.6 TWh | +7.0% |
| Sales, all sectors | 6.5 TWh | 6.3 TWh | +4.2% |
| Residential customers | 3,744,019 | 3,729,314 | +0.4% |
| Average residential bill | $143.56 | $122.05 | +17.6% |
| Average residential use, kWh | 730 | 685 | +6.6% |
| US residential price | 15.94¢ | 15.41¢ | +3.4% |
The two years to January 2025
New Jersey residentialUS residential
Questions and answers
What was the average electricity price in New Jersey in January 2025?
19.68¢ per kilowatthour for residential customers, 15.18¢ for commercial and 13.68¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 17.82¢ in January 2024, a change of +10.4%. Residential sales changed by +7.0% over the same period.
What was the average residential bill that month?
$143.56, on average use of 730 kWh. This is residential revenue divided by residential customers for the month.
Provenance
Source: U.S. Energy Information Administration, Form EIA-861M sales and revenue workbook (state by sector and month), status "Preliminary" for this month, series published through July 2026. Public domain. Price = revenue ÷ sales; bill = residential revenue ÷ residential customers. Utility-level annual figures are on the New Jersey page.