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New Jersey · Updated August 2026
PSE&G rates in 2026
What PSE&G customers are actually paying, where the number comes from, and what it means for your bill. Serving Newark, Jersey City, Trenton, New Brunswick, Elizabeth and much of northern and central New Jersey.
26¢All-in residential rate, among the highest in the regionRanked #1 by Solar Power World · Inc. 5000 · 20,000+ installations
The numbers
Where PSE&G stands right now
| Measure | Current | Detail |
|---|---|---|
| Basic Generation Service (supply) | 19.9¢ | June 2026 BGS period |
| All-in residential rate | ~26¢ | Supply + delivery + riders |
| 2026 BGS auction change | −1.8% | About $3.23/mo lower at 650 kWh |
| 2025 change | +17.24% | The year that actually moved the number |
Figures as published August 2026. Utility rates change on published schedules — check your own bill for the rate that applies to your account.
Why the number is what it is
What is actually driving this
2026 went down. 2025 is the story.
The February 2026 BGS auction lowered PSE&G supply about 1.8% — roughly $3.23 a month for a household using 650 kWh. We would rather tell you that than manufacture urgency. What matters is where the number sits: all-in residential rates near 26 cents, after a 17.24% increase in 2025.
PJM capacity costs
New Jersey buys from the same PJM wholesale market as Pennsylvania. The 2025 BGS auction reflected a surge in PJM capacity prices, and that is what drove the double-digit increase.
Annual auction, annual reset
New Jersey procures default supply through a Basic Generation Service auction run each February by the NJBPU, with the new rate period starting June 1. One reset a year means bigger single moves than states that reset quarterly.
The honest cost picture
Two ways to pay for solar, and they are very different
If you buy the system
You own the equipment, you keep any renewable energy credits, and you carry the maintenance responsibility. Installed pricing varies by roof, shading and system size.
If you use a PPA
$0 upfront. We install and own the system; you buy the power it produces at a rate set in your agreement, and you only pay for what it actually generates. The system owner carries maintenance for the life of the agreement.
The residential federal tax credit (25D) ended for systems purchased after December 31, 2025.
You will still see ads promising a 30% credit that “ends December 31.” Read the date on them. If you buy a system today as a homeowner, you cannot claim that credit. What remains applies to the owner of the system — which, under a PPA, is us. SolarAmerica does not provide tax advice; talk to your tax professional about your situation.
Who you would be working with
SolarAmerica
We design your system and manage the project; installation is performed by vetted licensed partners in your area.
PSE&G questions
The things people actually ask
Did PSE&G rates go down in 2026?
Slightly. The 2026 BGS auction lowered supply about 1.8%, roughly $3.23 a month at 650 kWh. That followed a 17.24% increase in 2025, so the all-in rate still sits near 26 cents.
What is BGS?
Basic Generation Service — the default supply rate for customers who have not chosen a competitive supplier. The NJBPU runs the auction each February and the new period begins June 1.
Can I shop for a lower rate?
Yes. New Jersey is deregulated and competitive suppliers in PSE&G territory have offered around 17.6 cents against the 19.9 cent BGS. That changes only the supply portion of your bill.
See what your roof and PSE&G actually add up to
About 60 seconds. No cost, no obligation, and we will tell you if solar does not make sense for your home.
Ranked #1 by Solar Power World · 20,000+ installations · Licensed installers