Multiple options for energy customer in the PSEG area are forcing prices down and giving customers relief from traditionally high energy bills. New Jersey energy choice allows for alternative energy companies to enter the market and compete for customer share. As word has spread of the savings that some of the competitive energy companies are offering versus traditional PSE&G default rates, market participation has increased which in turn has caused more energy companies to take notice of the New Jersey market.
Competition is truly working in New Jersey, particularly in the PSEG territory where the majority of customers pay both their electric and natural gas to PSE&G. Electricity choice offers customers with easy to understand savings as the PSEG default price to compare rates are clearly posted at njelectricity.org/pseg. Locking in a fixed electricity rate that is lower than the default rate will guarantee savings on the monthly pseg electric bill.
Here is a list of current competitive PSEG electricity rates: