States › New Jersey › May 2025
New Jersey electricity prices, May 2025
Average price, sales and bills for the month against the same month a year earlier and the US. Preliminary
In May 2025, residential customers in New Jersey paid an average of 20.48¢ per kilowatthour, up 10.3% on the same month a year earlier (18.57¢). The US average for the month was 17.37¢; New Jersey was 18% above that. It ranked 11th highest among the 50 states and the District of Columbia.
Residential sales were 1,901,941 MWh, down 10.9% on a year earlier, and the average residential bill for the month was $103.76 on 507 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 | May 2025 | May 2024 | Change | US, May 2025 |
|---|---|---|---|---|
| Residential | 20.48¢ | 18.57¢ | +10.3% | 17.37¢ |
| Commercial | 16.55¢ | 14.74¢ | +12.3% | 12.93¢ |
| Industrial | 12.56¢ | 11.58¢ | +8.5% | 8.29¢ |
| All sectors | 17.53¢ | 15.89¢ | +10.3% | 13.13¢ |
Sales and customers
| Measure | May 2025 | May 2024 | Change |
|---|---|---|---|
| Residential sales | 1.9 TWh | 2.1 TWh | -10.9% |
| Sales, all sectors | 5.3 TWh | 5.6 TWh | -5.2% |
| Residential customers | 3,754,172 | 3,726,957 | +0.7% |
| Average residential bill | $103.76 | $106.36 | -2.4% |
| Average residential use, kWh | 507 | 573 | -11.5% |
| US residential price | 17.37¢ | 16.40¢ | +5.9% |
The two years to May 2025
New Jersey residentialUS residential
Questions and answers
What was the average electricity price in New Jersey in May 2025?
20.48¢ per kilowatthour for residential customers, 16.55¢ for commercial and 12.56¢ for industrial customers. EIA marks the month as preliminary.
How does that compare with a year earlier?
The residential average was 18.57¢ in May 2024, a change of +10.3%. Residential sales changed by -10.9% over the same period.
What was the average residential bill that month?
$103.76, on average use of 507 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.