What’s Driving Your Energy Bill?

 

Supply Costs Are Up 17%

The electricity supply portion of your bill – set by the competitive energy market – has risen 17% for PSE&G customers. This cost is passed through with no markup. Utilities like PSE&G don’t profit from it.

Usage Doesn’t Boost Our Profits


Utilities don’t earn more when you use more. Our revenue doesn’t depend on how much energy you consume.

More Than Half Isn’t Up to Us


Over 50% of your bill includes market-based supply costs, taxes and state charges that utilities like PSE&G don’t control.

 

Energy Costs and the Bigger Picture

While prices are up now, utility bills in New Jersey have not increased faster than inflation or incomes over time. In fact, as a share of household income, energy bills are lower today than in 2010 and 2015 – and remain at or below the regional average when income-adjusted. 

 

Why New Jersey Needs More Power – and What We’re Doing 

DYK: New Jersey imports over 40% of its electricity from outside of the state? Electricity demand is growing – from data centers to EVs and business and housing growth. 

We’ve been planning ahead:

  • October 2023: we worked with the New Jersey Board of Public Utilities to urge PJM to update its 2024 load forecast to include our projections of additional load expectations in the 2024–2039 timeframe. 
  • October 2024: We did so again. 
  • September 2025: We did so yet again. 
  • As of August 2025, there are 9,400 MW of large-load requests in our territory; 2,600 MW are firm leads. For the firm leads, developers expect needing ~55% of the load by 2028, with near-full capacity needed by 2031. 
  • No delays: PSE&G is not backlogged in processing grid connection requests. We lead the state in timely interconnection support. 

 

It’s time to come together to find solutions. 

Read more about how we’re ready to collaborate with New Jersey’s Governor-elect, Mikie Sherrill, to find real, lasting solutions surrounding energy affordability – starting with building New Jersey’s energy future right here at home – in an op-ed by Ralph LaRossa, our chair, president and CEO. 

 

What You’re Paying For – and What It Delivers

 

75%
of PSE&G’s investment dollars go to improving reliability and resilience for you.
Remaining funds support system maintenance and energy efficiency

 

In upgraded areas: 

 

21%
fewer interruptions

                                                            
22%
fewer outage events

                                                            

23%
fewer customers affected

                                                            

Struggling with Your Bill? There’s Help 


Payment Assistance

Apply for programs like LIHEAP, USF and NJ SHARES. Additional options available for seniors and people with disabilities.

Smoother, More Predictable Billing Options
  • Equal Payment Plan: Level your payments across the year.
  • Deferred Payment Plans: Tailor payments to your budget – even if you’re not eligible for assistance. 


Save More Long-Term 

  • Free home energy assessments 
  • Rebates on efficient appliances and smart thermostats 
  • Easy tips to reduce usage 

 

Still Need Help? Let’s Talk 

If you’ve called before or were told “no” in the past, call again. Eligibility and programs can change, and we’ll take a fresh look at your options. 

Contact Options: 
1-800-436-PSEG (7734) 
pseg.com/Help 

 

 

Learning Center

Learn more about energy markets from these state and national resources.