EIA: New Jersey Electricity Prices Among Most Expensive Nationwide

An electricity billResidents in New Jersey pay the sixth most expensive rate for electricity at 16.3 cents per kilowatt-hour (kWh), which is higher than the nationwide average of 12 cents per kWh, according to the Energy Information Administration (EIA).

The U.S. average referred to an average household’s monthly consumption of 908 kWh. Based on EIA’s statistics, many homes in the U.S. have used more smart meters since 2010.

State Electricity Rates

Hawaii’s per-kWh charges ranked as the least affordable at an estimated 33 cents, which equated to a monthly bill of more than $300 for a typical household. On the other hand, residents in Idaho pay the most affordable rate at around eight center per kWh, or an estimated $73 per month.

EIA energy economist Tyler Hodge said that Idaho’s low rate mostly stems from its use of hydroelectric dams to generate power, while the high crude oil prices in Hawaii influence the steep amount. New York and Connecticut residents pay the second most expensive rate at 18.1 cents per kWh, followed by 17.5 cents per kWh in Alaska and 16.5 cents per kWh in New Hampshire.

Smart Metering

Americans have installed around 71 million smart meters in their homes by the end of last year, according to the EIA. This represented around 47% of the 150 million consumers in the U.S.

Aside from smart metering, one way to monitor your electric usage involves making sure your heating and ventilation appliances are in good condition, as you may discover that you need air conditioning repair. In Gloucester, New Jersey, and other parts of the state, this is important since malfunctioning appliances tend to use more power.

Conclusion

Many factors influence the rate of electric consumption for each home. The number of people living in a house serves as one factor. On the other hand, households should take note that appliances should be in tip-top shape to make sure they are not consuming more power than necessary.