Competitive energy companies have finally started offering electric rate service to customers in southern New Jersey who are serviced by Atlantic City Electric. Electricity customers are shopping for lower electric rates and finding that alternative energy companies can offer prices that are far lower than the traditional Atlantic City Electric “Price to Compare” rates.
Understanding electric choice in New Jersey is the first step to lowering your electric bill. With the passage of the New Jersey Electricity Choice and Competition Act, Atlantic City Electric has been stripped down and is now only responsible for delivering power to their customers in a safe and reliable manner. They earn revenues from the delivery charges posted on the Atlantic City Electric bill. These charges remain regulated by the New Jersey Board of Public Utilities.
The default generation and transmission rates that they offer to customers who have not switched electric suppliers is determined by a series of auctions held for energy companies. These prices are often higher than competitive electric rates that can be obtained on your own.
When you choose a competitive energy company you will still continue to receive your monthly electric bill from Atlantic City Electric. The default generation and transmission rates on the bill will be replaced by the competitive electric rate charged by the energy company who you choose.