Newark Electricity Rates: How to Cut Your PSE&G Bill in 2026

Updated on August 17, 2026

By the My Utility Search Editorial Team · Last updated June 2026 Newark electricity rates are about 26¢ per kWh all-in for 2026. PSE&G delivers power to every Newark address, and its default supply rate — the “price to compare” — is roughly 19.9¢/kWh. Because New Jersey is deregulated, Newark residents can shop the supply portion: the lowest competitive rates are around 17.6¢/kWh, about 11% cheaper than PSE&G’s default. The biggest summer savings on Newark electricity rates come from shopping that supply rate on NJPowerSwitch.com and managing usage during the new 4–9 p.m. peak window.

TL;DR — key takeaways

• Newark electricity rates run about 26¢/kWh all-in for 2026; PSE&G’s supply rate (the price to compare) is about 19.9¢/kWh.
• PSE&G is Newark’s delivery utility, but New Jersey has real supplier choice — the lowest competitive supply rate is around 17.6¢/kWh, roughly 11% below PSE&G’s default.
• Shop suppliers free on the state’s official site, NJPowerSwitch.com; watch for teaser rates that flip to high variable prices.
• New for summer 2026: PSE&G’s optional time-of-use rate charges the most from 4–9 p.m. weekdays — exactly when air conditioning peaks — so shifting load matters.

What are the current Newark electricity rates?

PSE&G is the delivery utility for Newark, so your bill combines PSE&G’s regulated delivery charge with a supply charge — and in New Jersey you can choose who provides that supply. PSE&G’s default supply rate is called Basic Generation Service, and the rate it publishes for shoppers is the “price to compare.” That single number is the key to reading Newark electricity rates correctly. 📊 PSE&G’s Basic Generation Service (price to compare) is about 19.9¢/kWh for the supply portion in 2026 (Source: PSE&G Price to Compare). 📊 All-in Newark electricity rates — supply plus delivery — sit near 26¢/kWh in 2026 (Source: PSE&G; NJBIZ BGS auction coverage). 📊 The February 2026 BGS auction trimmed the typical PSE&G residential bill about 1.8% — from roughly $183.46 to $180.23 a month at 650 kWh (Source: NJBIZ). 📊 The lowest competitive supplier rate in PSE&G territory is around 17.6¢/kWh — about 11% below the default supply rate (Source: NJ competitive market data).

Definition: price to compare (BGS)

Basic Generation Service (BGS) is PSE&G’s default electricity supply for customers who don’t choose a competitive supplier. The “price to compare” is that supply rate stated per kWh, so you can measure any competitive offer against it. If a supplier’s rate is below the price to compare with no risky terms, you save.

Why do Newark electricity bills spike in summer?

With temperatures running 90–100°F across the Northeast this summer, Newark electricity rates hit hardest for the same reason every PSE&G customer’s bill does: air conditioning. But 2026 adds a new wrinkle — PSE&G’s optional time-of-use rate — that makes when you use power matter, not just how much.

• On the time-of-use plan, on-peak power (4–9 p.m. weekdays) is the priciest; mid-peak covers most daytime hours; off-peak overnight (12–6 a.m.) is cheapest. Weekends and holidays have no on-peak.
• If you can shift laundry, dishwashing, and pre-cooling away from 4–9 p.m., time-of-use can lower a summer bill — PSE&G lets you try it risk-free for the first 12 months.
• If your usage is heaviest at dinnertime and you can’t shift it, the standard flat supply rate plus a competitive supplier is usually the safer summer bet.

📊 PSE&G’s time-of-use rate launched June 1, 2026 for new enrollees, with weekday on-peak hours of 4–9 p.m. — the exact window when home AC load is highest (Source: PSE&G Time-of-Use).

Can you switch electricity suppliers in Newark?

Yes — New Jersey has strong retail energy choice, and as a deregulated state it lets Newark residents pick a competitive supplier for the supply portion while PSE&G keeps delivering power and handling outages and billing. Unlike New York’s capped market, New Jersey suppliers can price meaningfully below the utility default, which is why the ~11% gap between 17.6¢ and 19.9¢ is real money off your Newark electricity rates. Shop on the state’s official, free marketplace, NJPowerSwitch.com (run by the NJ Board of Public Utilities), so you’re comparing verified offers against PSE&G’s price to compare — not a door-to-door sales pitch. Before you switch, check the contract for the rate after any introductory period and any cancellation fee. A teaser rate that flips to a high variable price is the most common way New Jersey shoppers lose the savings they signed up for.

Newark electricity supply options compared

Supply option	Approx. supply rate	Structure	Best for
PSE&G default (BGS)	~19.9¢/kWh	Flat, resets each June	Doing nothing / simplest option
Competitive fixed supplier	~17.6¢/kWh	Locked 6–24 months	Lowest reliable supply cost (~11% off)
PSE&G time-of-use	~21–31¢/kWh by hour	Peak 4–9 p.m. weekdays	Households that can shift load off-peak

What’s the best way to lower a Newark electricity bill?

New Jersey gives you more supply-side savings than New York, so the playbook for Newark electricity rates is shop first, then manage usage:

• Compare your PSE&G price to compare (~19.9¢) against fixed offers on NJPowerSwitch.com and lock a competitive supplier below it with clean terms — the clearest ~11% saving.
• Decide on time-of-use honestly: only choose it if you can move real load out of 4–9 p.m.; otherwise keep the flat rate. The 12-month risk-free window lets you test it.
• Cut summer cooling cost: smart thermostat, higher setpoint, pre-cool before 4 p.m., and seal windows — cooling is the biggest single driver of a summer bill.
• Ask PSE&G about budget billing and efficiency rebates to smooth and reduce the total.

Newark electricity rates: frequently asked questions

Related My Utility Search guides

More Wave 1 New Jersey electricity guides are publishing now — Jersey City electricity rates, Elizabeth electricity rates, and Internet providers in Newark (links added as each goes live). See also our deregulated energy states map to confirm where you can choose your supplier.

Sources

• PSE&G — Price to Compare and Time-of-Use rate
• NJ Board of Public Utilities — NJ PowerSwitch
• NJ Board of Public Utilities — Residential Customers

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