Data · April 2026 · 304-month history

New Jersey Electricity Prices

Homes in New Jersey paid an average of 23.53¢ per kilowatt-hour for electricity in April 2026. The state pays more than the country as a whole — 21.8% above the 19.32¢ average. Prices have risen 16.8% year over year. That rate implies about $2,471 a year for an average 10,500-kWh home — the higher it climbs, the faster solar pays back.

What we measure: Average residential retail price of electricity published by the EIA for the state, in cents per kilowatt-hour — a statewide monthly average, not a personalized utility tariff or the rate any single household pays. EIA publishes state retail-price data on a lag of roughly two to three months; the latest period shown reflects that lag.

Key facts — April 2026

Avg residential rate
23.53¢
Change (year over year)
+16.8%
vs national average
+21.8%
Est. annual bill
$2,471
National average
19.32¢
Months tracked
304

Your rate is the biggest input to any solar estimate. See what 23.53¢/kWh means for system size, cost, and payback in New Jersey.

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New Jersey trend, last 36 months

Average residential price per kWh each month. Bars scale to the highest month shown.

MonthAvg rate (¢/kWh)
May 202317.13
June 202318.19
July 202318.42
August 202318.51
September 202317.97
October 202317.46
November 202317.47
December 202317.56
January 202417.82
February 202417.65
March 202418.01
April 202418.46
May 202418.57
June 202419.90
July 202420.70
August 202420.63
September 202419.32
October 202419.56
November 202419.58
December 202419.41
January 202519.68
February 202519.70
March 202519.87
April 202520.15
May 202520.48
June 202524.88
July 202525.32
August 202524.95
September 202523.39
October 202522.55
November 202522.73
December 202522.98
January 202623.13
February 202623.12
March 202623.49
April 202623.53

Use this data

Download New Jersey CSV — free to reuse with attribution. Read the full methodology for the metric definition, refresh cadence, and limitations. Source: U.S. Energy Information Administration (EIA), Electricity retail sales — average price by state.

Suggested citation

"New Jersey Electricity Prices." Geostellar Residential Electricity Price Index, April 2026, based on U.S. Energy Information Administration (EIA) electricity retail-sales data. https://geostellar.com/energy/electricity-rates/new-jersey

Nearby states

← All states: Residential Electricity Price Index