States › New Jersey › February 2025
New Jersey electricity prices, February 2025
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In February 2025, residential customers in New Jersey paid an average of 19.70¢ per kilowatthour, up 11.6% on the same month a year earlier (17.65¢). The US average for the month was 16.43¢; New Jersey was 20% above that. It ranked 12th highest among the 50 states and the District of Columbia.
Residential sales were 2,240,998 MWh, up 4.7% on a year earlier, and the average residential bill for the month was $117.77 on 598 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 | Feb 2025 | Feb 2024 | Change | US, Feb 2025 |
|---|---|---|---|---|
| Residential | 19.70¢ | 17.65¢ | +11.6% | 16.43¢ |
| Commercial | 15.28¢ | 13.59¢ | +12.4% | 12.98¢ |
| Industrial | 13.27¢ | 11.81¢ | +12.4% | 8.24¢ |
| All sectors | 16.83¢ | 15.01¢ | +12.1% | 13.18¢ |
Sales and customers
| Measure | Feb 2025 | Feb 2024 | Change |
|---|---|---|---|
| Residential sales | 2.2 TWh | 2.1 TWh | +4.7% |
| Sales, all sectors | 5.7 TWh | 5.5 TWh | +4.1% |
| Residential customers | 3,748,479 | 3,721,450 | +0.7% |
| Average residential bill | $117.77 | $101.47 | +16.1% |
| Average residential use, kWh | 598 | 575 | +4.0% |
| US residential price | 16.43¢ | 16.10¢ | +2.0% |
The two years to February 2025
New Jersey residentialUS residential
Questions and answers
What was the average electricity price in New Jersey in February 2025?
19.70¢ per kilowatthour for residential customers, 15.28¢ for commercial and 13.27¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 17.65¢ in February 2024, a change of +11.6%. Residential sales changed by +4.7% over the same period.
What was the average residential bill that month?
$117.77, on average use of 598 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.