NJ ZIP CODE 07748 RENEWABLE ELECTRIC
PRICES
RENEWABLE REC PRICES remain high for last 2 years (abnormal in nearly 6 years of tracking)
STRONG RECOMMENDATION: INSTEAD of using this list, subscribe to a NJ "Community Solar" project to save up to 21%
SEE DIRECTIONS BELOW
(this advice was added 2/26/2024)
JCP&L CUSTOMERS: This page rank orders lowest price 100% renewable electricity RECs (Renewable Energy Certificates) as of 3/3/2023. Prices remain high,per data in table for zipcode
07748.
The NJ Board of Public Utilities (BPU) provides guidance, and a list of licensed 3rd party electrical suppliers. INSTEAD: CLICK TO SUBSCRIBE TO NJ BPU-SPONSORED COMMUNITY SOLAR (new sites are constantly added and others are closed to newcomers; ; subscribe to the site nearest your home/business)
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 9.4 cents/kwh, "winter" 9/1/2022 to 5/31/2023; and ~9 cents/kwh "summer" 6/1/2023-9/1/2023 (depending upon usage)
Prices of RECs from all renewable vendors remain unprecedented height for last 2 years (in 6 years of tracking).
TO LOCATE NEARBY COMMUNITY SOLAR, USE THE OFFICIAL NJ BPU PORTAL (this will be updated frequently as solar arrays are completed in NJ)
Other search engines: https://communitysolar.energysage.com/, or solarlandscape (building 54 NJ Community Solar projects).
https://www.arcadia.com/for-homes (linked to solarlandscape and energysage) will match you to a NJ Community Solar project. Arcadia has taken over sales/billing/accounting for an increasing number of the 105 "year 2" projects in NJ)
IF YOU STILL WANT TO BUY RECs: The EPA recommends buying RECs from 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 |
NEW: handles marketing/billings for solarlandscape and energysage |
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claims savings 10% to 21%. "Community Solar" is starting to be widely available in NJ |
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| Verde Energy https://www.verdeenergy.com |
Green Choice | $100 Home Depot gift card (12 mo contract) |
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Clearview Energy no answer on URL |
ClearGreenGuarantee 100%“green” |
"ClearGuarantee12" |
18.89 (6mo) 19.39 (12 mo) 18.49 (12 mo, asof 9/19/2022) |
17.69 (6 mo) 18.19 (12mo) |
| 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 (4 trees planted) 100% wind EarthCare24
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13.06 (12 mo)
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Green Mountain Energy |
"Pollution Free" |
100% wind
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13.00 (12 mo) 13.97 (12 mo)
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YEP Energy https://yepenergy.com Credo Energy https://www.credoenergy.com |
100% Green
|
11.56 (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" | 13.49 (24 mo) 13.39 (30 mo) |
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CleanSky Energy https://CleanSkyEnergy.com (likely Texas-based)
|
wind |
12.8 (12 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. |
? | |||
| CleanChoice Energy formerly Ethical Electric http://cleanchoiceenergy.com |
|
100% wind and solar (from PJM region) |
10.2(3 mo)- ; 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 |
13.3 (6 mo) | call for quote |
Ambit Energy *(e-certified Residential Renewable Electricity) |
Certified Green |
"Green" (North Central) |
19.9 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) Use Energy Sage ; 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; 6/8/2022
prices as of 3/3/2023 by S. Miller