NJ ZIP CODE 07748 RENEWABLE ELECTRIC
PRICES
RENEWABLE PRICES remain at unprecedented highs (abnormal in almost 5 years of tracking)
JCP&L CUSTOMERS: This page rank orders lowest price 100% renewable electricity as of 6/8/2022 in zipcode
07748.
The NJ Board of Public Utilities (BPU) provides guidance, and a list of licensed 3rd party electrical suppliers.
Prices are in cents per kilowatt-hours, and should be
compared to JCP&L "Price to Compare" explained in the left “Messages” column of your JCP&L bill. This "Price to Compare" is fixed in winter, and computed for each customer in summer, based upon actual electrical usage.
JCP&L "Price to Compare" is 8.778 cents/kwh, "winter" 10/1/2022 to 5/31/2023; and ~8.0 cents/kwh "summer"
Prices of all renewable vendors are at unprecedented height (in 5 years of tracking).
LOWEST COST STRATEGY:
Wait for a NJ "Community Solar" project. Watch https://ilsr.org/national-community-solar-programs-tracker/
Sign up with search engines: https://communitysolar.energysage.com/
CHECK (but do NOT enter your credit or debit card!) ARCADIA POWER's new program that claims it will match you to a Community Solar project
NJ is starting a wide-spread Community Solar program - watch for opportunities.
Prices of 3rd party electric suppliers are currently high: expect to spend 100% more (compared to JCP&L "Price to Compare").
OR wait for a few months. Check this table every few months for current prices. Always refresh your browser (click the little circular arrow in top left of the browser) to view the latest prices).
The EPA recommends buying only third - party certified and verified green power sources, identified here
Limited experience suggests that a consumer can receive a discount from these published web site rates by phoning for lowest price.
PSEG CUSTOMERS: your PSEG electricity is more than 2cents/kwh higher, and these suppliers are ALSO more than 2cents/kwh higher. Check the supplier for pricing.
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COMPANY |
PLAN NAME |
RESOURCE MIX |
RESIDENCE |
BUSINESS Cents/kwh (# months in contract) |
ArcadiaPower https://arcadiapower.com ;click for review: Arcadia uses "Arc" to monitor data from 125 utilities- 80% of US electric accounts. This might give advantage in early identification of Community Solar opportunities |
NEW: provides electric from ?US-wide? community solar projects |
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claims savings up to 10%. To be verified. "Community Solar" will start to be widely available in the next few years. |
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| Verde Energy https://www.verdeenergy.com |
Green Choice | $100 Home Depot gift card (12 mo contract) | 17.99 (6mo) |
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Clearview Energy |
ClearGreenGuarantee 100%“green” |
18.89 (6mo) 19.39 (12 mo) |
17.69 (6 mo) 18.19 (12mo) |
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| https://get.inspirecleanenergy.com/plans "Prices will be adjusted and are subject to change based on your address and personal energy usage" | Inspire Fixed 12 |
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Tomorrow Energy https://tomorrowenergy.com/ |
100% wind - 4 trees planted per year | EarthCare 12 EarthCare24
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21.45 (12 mo) ($75 cancellation fee)
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Green Mountain Energy |
"Pollution Free" |
100% wind solar |
17.90 (12 mo) 17.90 (12 mo) |
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YEP Energy https://yepenergy.com Credo Energy https://www.credoenergy.com |
100% Green
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19.94 (12 mo)
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| Direct Energy https://www.directenergy.com/nj/electricity-plans (took over assets of Liberty Power) |
"Go Green Lights 24" | 16.89 (24 mo) |
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CleanSky Energy https://CleanSkyEnergy.com (likely Texas-based)
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Teaser rate: 9.95cents for 3 months; defaults to variable rate (if long term contract not chosen) | "100% Renewable clean" | 19.5 (6 mo) |
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https://www.Constellation.com *(e-certified Commercial RECs) Purchases RECs (renewable energy certificates) for U.S.-based wind equal to 100 % of the accounts' usage, "in addition to the mandatory" RPS in NJ (See footnote 1. |
BUNDLES AVAIL: 72c/therm gas - 81% GREATERthan NJNG 11.29c/kw 13% more expensive then JCPL |
"Green Elec" "100% wind- from US sources" offer code ROCKSTAR |
? | |
| CleanChoice Energy formerly Ethical Electric http://cleanchoiceenergy.com |
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100% wind and solar (from PJM region) |
11.70 (3 mo- new cust via direct mail); 17.3 (3 mo- new cust via website); then changes to unknown variable rate). Offers 12 month fixed rate (undefined) |
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SmartEnergy electricity https://smartenergy.com |
RECs purchased for wind, solar, hydro, geo within the U.S. | $100 gift card |
19.90 (6 mo) | call for quote |
Ambit Energy *(e-certified Residential Renewable Electricity) |
Certified Green |
"Green" (North Central) |
10.16 cents/kw |
must enter business info |
Community Energy |
(previously marketed under NJ CleanPower Choice Program) |
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Sterling Planet *e-certified (Wholesale and Commercial RECs) |
(previously marketed under NJ Clean Power Choice Program | sells RECs |
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Viridian Energy gas is 39.21c/therm 12 mo 25% carbon offsets |
RPS+50% renewable green energy (72% renewable with 22% current RPS) |
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no longer enrolling new customers
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Energy Plus |
EnergyPlus Green Option |
100% wind $25 rebate |
Quote requires "sign up" |
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| Liberty Power- sold asssets to DirectEnergy.com | ALL CONTRACTS TRANSFERRED TO DirectEnergy.com at no change to existing terms | |||
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SFE Energy http://www.sfeenergy.com/ 1-877-316-6344 |
SFE Green Electricity Program |
Various carbon reductions, incl landfill gas |
Must call or “chat” on website |
Must call or chat on website |
*(e-certified), per independent audit;
**Illinois sued liberty Power telemarketing for ripping off consumers (making fradulent claims of price savings)
https://patch.com/illinois/across-il/illinois-attorney-general-sues-shut-down-liberty-power-scam (2/19/2020)
In April, 2021, Liberty Power filed for chapter 11 reorganization because of absorbing extraordinary charges in the Texas freeze;
Aprox 11/2021, all Liberty Power contracts were transferred to DirectEnergy.com (contract terms were unchanged).
***Constellation acquired agera assets
https://www.businesswire.com/news/home/20191004005323/en/Agera-Energy-LLC-Files-Chapter-11-Protection
BACK TO OVERVIEW:http://www.electric.smiller.org
Some suppliers may meet Green-e Energy Certification: https://www.green-e.org explanation
A good overall guide to purchasing electricity: http://www.nj.gov/bpu/residential/
Energy selection sites (no selection site is complete, but the quotes include fossil fuel suppliers which you must steer away from; instead, select "green" suppliers)
EPA video on RECs - the currency of renewable energy
RESIDENTIAL (ROOFTOP) SOLAR SELECTION GUIDE (June, 2018); Q&A (2021); join "Solar United Neighbors of New Jersey" coop for lowest price solar
ARCHIVE OF PRICES: 3/25/2017 ; 6/12/2017 ; 7/7/2017 : 10/8/2017 ; 1/25/2018 ; 3/18/2018; 5/24/2018; 9/21/2018; 11/17/2018 ; 2/9/2019 ; 5/15/2019 ; 9/21/2019 : 12/12/2019 ; 2/15/2020 ; 8/26/2020 ; 11/13/2020 ; 6/22/2021 ; 9/17/2021 ; 11/29/2021 ; 2/15/l2022; 2/26/2022;
compiled 2/26/2022 by S. Miller