Is electricity getting more expensive in New Jersey?
New Jersey homes pay 22% more than in 2001 once inflation is removed. New Jersey paid 10.21 ¢ per kWh in 2001 (18.56 ¢ in today's money) and 22.63 ¢ in 2025: +121.6% printed, +21.9% real. Rank 36th of 51 (1 = biggest real fall).
New Jersey price since 2001
New Jersey cents per kWh by year, 2001 to 2025: 25 rows
| Year | New Jersey, 2025 dollars | New Jersey, as printed |
|---|---|---|
| 2001 | 18.56 | 10.21 |
| 2002 | 18.58 | 10.38 |
| 2003 | 18.67 | 10.67 |
| 2004 | 19.14 | 11.23 |
| 2005 | 19.35 | 11.74 |
| 2006 | 20.50 | 12.84 |
| 2007 | 21.96 | 14.14 |
| 2008 | 23.42 | 15.66 |
| 2009 | 24.48 | 16.31 |
| 2010 | 24.46 | 16.57 |
| 2011 | 23.23 | 16.23 |
| 2012 | 22.13 | 15.78 |
| 2013 | 21.74 | 15.73 |
| 2014 | 21.46 | 15.78 |
| 2015 | 21.47 | 15.81 |
| 2016 | 21.09 | 15.72 |
| 2017 | 20.55 | 15.65 |
| 2018 | 19.76 | 15.41 |
| 2019 | 19.96 | 15.85 |
| 2020 | 19.94 | 16.03 |
| 2021 | 19.43 | 16.35 |
| 2022 | 18.42 | 16.74 |
| 2023 | 18.70 | 17.70 |
| 2024 | 19.85 | 19.34 |
| 2025 | 22.63 | 22.63 |
25 rows from EIA, BLS.
CSV| Year | New Jersey as printed | New Jersey in 2025 dollars | New Jersey real change on the row above | New Jersey against U.S. real price |
|---|---|---|---|---|
| 2001 | 10.21 ¢ | 18.56 ¢ | start | +19.0% |
| 2006 | 12.84 ¢ | 20.50 ¢ | +10.5% | +23.4% |
| 2011 | 16.23 ¢ | 23.23 ¢ | +13.3% | +38.5% |
| 2016 | 15.72 ¢ | 21.09 ¢ | −9.2% | +25.3% |
| 2021 | 16.35 ¢ | 19.43 ¢ | −7.9% | +19.7% |
| 2025 | 22.63 ¢ | 22.63 ¢ | +16.5% | +30.8% |
What would your New Jersey bill have been?
Try your own New Jersey bill
- 2010: 24.46 ¢ (2025 dollars), $160 a month for 656 kWh. 2025: 22.63 ¢, $148. $12 less a month, $144 a year.
- Scenario at +3.7% a year: 27.14 ¢ and $178 a month in 2030. Not a forecast.
What the New Jersey numbers say
New Jersey's biggest one-year real jump came in 2025 (+14.0%) and its biggest drop in 2022 (−5.2%); the New Jersey price fell in 11 of 24 yearly steps. New Jersey's real price last stood above today's 22.63 ¢ in 2011, at 23.23 ¢.
Most of the recent pressure on New Jersey came after 2019: the real price rose 13.4%, from 19.96 ¢ to 22.63 ¢ in 2025 dollars. New Jersey sat 19.0% above the U.S. average in 2001 (18.56 ¢ against 15.60 ¢); New Jersey is 30.8% above it in 2025 (22.63 ¢ against 17.30 ¢).
Per year, New Jersey moved +0.83% real and +3.37% printed over 24 years, against +0.43% real for the nation.
New Jersey key numbers
| Measure | New Jersey |
|---|---|
| New Jersey 2001 price, as printed | 10.21 ¢ |
| New Jersey 2001 price in 2025 dollars | 18.56 ¢ |
| New Jersey 2025 price, preliminary | 22.63 ¢ |
| New Jersey change as printed | +121.6% |
| New Jersey change after inflation | +21.9% |
| New Jersey real change since 2019 | +13.4% |
| New Jersey real change since 2021 | +16.5% |
| New Jersey highest real price (2009) | 24.48 ¢ |
| New Jersey lowest real price (2022) | 18.42 ¢ |
| New Jersey real change per year | +0.83% |
New Jersey against its neighbors
New Jersey: +21.9% real since 2001. States bordering: Delaware +9.5% (12.5 points below New Jersey); New York +3.4% (18.5 points below New Jersey); Pennsylvania +9.7% (12.3 points below New Jersey).
Sources
EIA state data and EIA-861 give the New Jersey prices; BLS CPI-U gives the inflation factor for New Jersey. Retrieved 5 Oct 2026. Method. CSV for every state, New Jersey included
More on New Jersey
Questions
Is electricity getting more expensive in New Jersey?
The New Jersey home price went from 10.21 ¢ per kWh in 2001 to 22.63 ¢ in 2025 as printed (+121.6%). After inflation New Jersey changed +21.9%, against +10.9% for the U.S.
What is the New Jersey home electricity price in 2025 dollars?
New Jersey paid 18.56 ¢ per kWh in 2001 (in 2025 dollars) and 22.63 ¢ in 2025. The New Jersey series low is 18.42 ¢ (2022) and the high is 24.48 ¢ (2009).
New Jersey: how does it rank on electricity prices against inflation?
New Jersey ranks 36th of 51 on the real change since 2001 (+21.9%), and 46th on the change since 2019 (+13.4%).
New Jersey homes in 2025 against 2019: how much more?
New Jersey went from 15.85 ¢ to 22.63 ¢ as printed (+42.8%), and from 19.96 ¢ to 22.63 ¢ in 2025 dollars (+13.4%).