Compare Energy Companies and Find the Best Newark Electricity Rates in 2024!

Paul Rhoads By Paul Rhoads, CEM, CEP linkedin link
Last Updated: February 27, 2024
five stars 36 reviews Clock 12 min read
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Tired of paying too much for electricity? Look no further! This comprehensive article is your ultimate guide to finding the best electricity rates in Newark, NJ.

We'll walk you through the process of comparing electric companies, keep you updated on current and future prices, and share valuable tips for reducing your electricity bill.

Get ready to save on your electric expenses! 

Understanding Newark's Deregulated Energy Market

In Newark, residents can switch their electricity providers due to energy deregulation. To fully take advantage of this opportunity, it is important to have a clear understanding of the deregulated market, which includes available electricity rates, plans, and providers. Familiarizing yourself with these factors is crucial in order to secure the best deal.

But don't worry! Understanding Newark's electricity rates is a straightforward process. By considering factors such as rates, contract terms, and term lengths, you can confidently make an informed decision. Let's explore Newark's electricity rates together and make the most of the benefits provided by your energy supplier.

How to Compare Energy Companies in Newark

Finding the best electric supplier in Newark doesn't have to be overwhelming. With's easy-to-use interface, comparing energy companies is a breeze!

Compare electric suppliers in Newark, NJ in just 3 Easy Steps:

  1. Click the Get Started Button: This will direct you to all our available electricity suppliers in your area.
  2. Compare Rates and Suppliers: Our easy-to-use interface allows you to compare all the suppliers and plans effortlessly.
  3. Enroll Online: Once you find the perfect plan, you can enroll online in less that 2 minutes.

Would you like to see how it works in real-time? Watch the video below to learn how to shop online with

How to Shop Youtube CoverHow to Shop Youtube Cover

Factors to Consider when Choosing a Newark NJ Electric Company

If you're unsure of which Newark, NJ electric company you want to go with, don't worry! With so many options, it can be overwhelming to know where to start. When shopping for energy companies in Newark, we recommend considering the following factors below:

  1. Price: Be sure to compare different rates and plans from each supplier to find the best options for your needs and budget.
  2. Read Customer Reviews:  Many customers will post reviews of their experience with each supplier. This can be a great way to get an idea of the customer service and reliability of each company.
  3. Company Size: Consider the number of customers a company has. It can indicate their size and stability. A larger customer base means more resources to meet customer demands.
  4. Company History: Researching a company's history can help you gauge its reliability. A company with a long history of reliable service is a positive sign of its longevity.
  5. Read the Contract: Read the entire agreement carefully before committing yourself to any provider. Look for hidden fees or penalties, cancellation clauses, and contract length.

Top Energy Companies in Newark

Finding the best energy companies in Newark can be challenging, as it's hard to determine the real standout. However, there's some exciting news! The U.S. Energy Information Administration recently published a report that ranks suppliers based on their customer count. According to this credible source, here are the top 10 electric suppliers in the Newark region:

  1. Constellation NewEnergy, Inc. - 45,291 customers
  2. Energy Harbor Corp. - 41,217 customers
  3. Inspire Energy Holdings, LLC - 32,282 customers
  4. Direct Energy Servies - 31,738 customers
  5. SmartEnergy Holdings, LLC - 17,588 customers
  6. Direct Energy Business - 14,125 customers
  7. Reliant Energy Northeast, LLC - 13,886 customers
  8. Ambit Energy Holdings, LLC - 11,415 customers
  9. Verde Energy USA - 10,599 customers
  10. CleanChoice Energy, Inc. -  9,871 customers

It is important to note that apart from the mentioned well-known providers, other options are available. In fact, emerging suppliers, driven to gain market share, have historically offered highly competitive electric rates, surpassing established players with more favorable deals. 

Types of Newark Electricity Rates

When shopping for electric rates in Newark, you'll come across different plans tailored to suit your risk tolerance. From fixed-rate plans that offer consistent and predictable pricing, to variable-rate plans that offer flexibility and potential savings during specific months. Here are some of the most commonly offered electricity plans available in the market.

Fixed-Rates Plans -  With a fixed-rate energy plan, your electricity rate is locked in for the duration of your contract. This means you'll pay the same rate for every kilowatt-hour (kWh) of electricity you use, regardless of market fluctuations.

Variable-Rate Plans - Unlike fixed-rate plans, variable-rate plans (Indexed Plans) have rates that fluctuate with the energy market. Your bill may vary based on market conditions. 

100% Green Energy Plans - If you prioritize environmentally friendly energy and don't mind the extra cost, a 100% Green Energy Plan is a great choice. However, it's important to note that the electricity flowing through your power lines may not be 100% Green Energy even with this plan. Instead, most electric providers offset your energy usage by purchasing Renewable Energy Credits (RECs) generated from solar or wind energy.

Promotional Energy Plans - Promotional energy plans offer savings through lower rates or unique billing structures. Popular options include unlimited electricity or lower- rate plans with built-in monthly fees. However, customers should carefully review the supplier's terms and conditions to understand pricing and potential additional costs.

Newark NJ Electric Company

PSE&G, the electric company in Newark, is in charge of power line maintenance and electricity delivery to your home or business. Remember, if there are any power outages, contact PSE&G electric utilities instead of your electricity provider.

Tips for Lowering Your Electric Bill in Newark

To lower your electric bill, there are numerous effective strategies available to you. By adopting energy-efficient habits and shopping for better rates, you can substantially decrease your monthly expenses. Take a look at the list below for tips on how to save both energy and money on your upcoming electric bill.

Shop for Better Rates - One of the easiest ways to lower your electricity bill is to shop around for better rates. One option is New Jersey Power Switch, the New Jersey PUC's shopping website.It's important to note that any licensed supplier can post offers there, regardless of reputation and customer service complaints.Unlike the state shopping website, pre-screens all our suppliers and energy plans to bring you the best options.

Energy Efficiency Measures - To reduce your energy bill, consider investing in energy-efficient measures. Choose LED light bulbs, Energy Star-certified appliances like refrigerators, washing machines, and dishwashers, and opt for programmable thermostats. These choices will not only save you money but also contribute to a greener and more sustainable future. Make a smart choice for your wallet and the planet!

Smart Usage Habits - In addition to investing in energy efficiency measures, adopting smart usage habits can make a significant impact on reducing your electricity bills. By diligently turning off lights and electronics when not in use, sealing air leaks in your home, and opting for fans instead of air conditioning, you can actively decrease your energy consumption and enjoy the benefits of lower monthly bills. 

Commercial Newark Electricity Rates 

Are searching for the most competitive commercial electricity rates in Newark, NJ? Look no further than! Our platform allows you to easily compare pricing from multiple providers and conveniently price your electricity accounts online.

Below are some of the key advantages of using for your next commercial electricity contract.

  1. Direct Access to Providers: Our easy-to-use interfaces let you submit your commercial electricity accounts directly to our network of electricity suppliers. Just sit back and watch the bids come in!
  2. Transparent Pricing: At, we believe in being 100% transparent with our pricing and will disclose how much electricity providers compensate us. Due to our automated online pricing process, we can offer some of the rates in the market.
  3. Expert Advice: Unsure which plan or energy provider to use? No problem. You will have access to an industry expert who can help you.

Ready to Start Pricing? Save Today!

Through our journey of discussing electricity rates in Newark, we have gathered valuable insights about this deregulated energy market. We have also discovered many tips and strategies for finding the best electricity supplier. Additionally, we have explored some effective strategies to reduce your monthly electricity bill.

Armed with all this valuable information, it's now your turn to take charge of your electricity by comparing rates and finding the perfect new energy provider for your home or business. Simply click the Get Started Button below and start saving on your electricity bills today!

Frequently Asked Questions

Who has the cheapest electricity rates in Newark?

If you're looking for the cheapest electricity rates in Newark, look at Currently, Energy Harbor offers the cheapest electricity rates in Newark.

Who is the electric utility company that serves Newark?

You can rely on PSE&G for delivering and maintaining your electricity in Newark. If there is a power outage, contact them to help you get back up and running.

What is the current average electric rate in Newark?

Currently, the average 12-Month Fixed Rate in the market for residential customers in Newark is $0.11028 per kWh. Remember, however, that rates are constantly changing, and you can always shop around to get the best rates on



Paul Rhoads

Paul Rhoads, CEM, CEP

Paul is the Vice President of He has over a decade of experience in the energy industry, advising clients on how to shop in deregulated energy states. In addition to his experience, Paul is a Certified Energy Manager (CEM) and Certified Energy Procurement Professional (CEP).


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