Published: September 30, 2026 | Last verified: September 30, 2026
Short answer: we did not find a headline statewide electricity rate change on October 1, 2026 in New Jersey. The big supply-price reset happened on June 1, 2026. What we can document for the fall is narrower: Atlantic City Electric adjusts a supply reconciliation charge twice a year, on June 1 and October 1, and New Jersey’s default supply tariffs are designed with seasonal pricing. Here is what is confirmed, and what is not.
Quick Summary
| Utility | Effective Date | Previous Rate | New Rate | Change | Customer Impact |
|---|---|---|---|---|---|
| Atlantic City Electric (ACE) | June 1, 2026 | $201.54/mo avg. bill | $201.76/mo | +$0.22 (+0.11%) | Average residential bill at 650 kWh |
| JCP&L | June 1, 2026 | $135.24/mo | $137.47/mo | +$2.23 (+1.6%) | Same basis |
| PSE&G | June 1, 2026 | $183.46/mo | $180.23/mo | −$3.23 (−1.8%) | Same basis |
| Rockland Electric (RECO) | June 1, 2026 | $170.10/mo | $168.93/mo | −$1.17 (−0.7%) | Same basis |
These figures come from the New Jersey Board of Public Utilities (BPU). They are average total monthly bills for a 650 kWh customer, before credits or offsets, not per-kWh rates. We did not find an official per-kWh residential supply rate for each utility on a BPU or utility page, so we are not printing one.
What Is Changing on October 1, 2026?
Nothing that we could verify from a primary source changes the average New Jersey bill on October 1. Two things to know:
- ACE reconciliation charge. A BPU order (November 21, 2025) says ACE calculates its supply reconciliation charges, including interest, twice a year, effective June 1 and October 1. We could not find the October 2026 amount, so we cannot say whether it goes up or down.
- Seasonal supply pricing. The same order describes basic supply tariff rates as converted from auction prices “in a manner that reflects seasonality.” Seasonal steps at the start of October are therefore plausible, but we did not find the actual October figures and will not guess.
What Happened on June 1 (and Why It Matters Now)
New Jersey buys default electricity (“Basic Generation Service,” or BGS) through an annual auction. The BPU certified the 2026 results on February 12, 2026. The three-year residential tranche closed at 10.938¢ per kWh (PSE&G), 11.275¢ (ACE), 11.327¢ (JCP&L) and 12.057¢ (RECO). Those are wholesale auction prices, not what you pay per kWh. Only about one-third of residential supply was bought in this auction. The rest comes from 2024 and 2025 auctions.
The BPU said the small changes were helped by the PJM capacity “price collar,” a cap and floor on capacity prices. Governor Sherrill’s Executive Order No. 1 also directed the BPU to provide Residential Universal Bill Credits to offset supply increases, starting no later than July 1, 2026. We did not find the credit amounts, so check your bill.
How Much Could Your Electric Bill Change?
For an October change, we have no official estimate. For the June change, the BPU’s estimates above are the best available: from a $0.7 saving for RECO customers to $2.23 more per month for JCP&L customers.
Which Customers Are Affected?
Customers on their utility’s default BGS supply. New Jersey allows you to choose a third-party supplier; if you do, your supply price is your contract’s price. The BPU says the utilities do not earn a profit on supply; costs are passed through.
What This Means for Homeowners With Solar
We did not verify New Jersey’s current net metering rules in this research pass, so we will not describe them here. Check your utility’s net metering tariff and the BPU’s clean energy pages. A general point that holds under any rule: if your utility credits exports at or near the retail rate, small supply price moves (like those in June) change your credit value only slightly. PSE&G has also proposed a time-of-use rate (RS TOU-3P) in its BGS filings; we did not confirm whether it has been approved.
What Homeowners Should Check on Their Electric Bill
- Basic Generation Service (supply) versus delivery charges.
- Any supply reconciliation or adjustment line (especially ACE customers in October).
- State bill credits from the Executive Order program.
- Third-party supplier rate, if you have one, and its end date.
What Happens Next
- The next BGS auction cycle is expected in early 2027, with new supply rates on June 1, 2027. The BPU has not published details yet.
- PSE&G’s reconciliation charges update quarterly, per its tariff page.
Sources
- NJBPU press release, 2026 BGS auction results (Feb. 12, 2026): https://nj.gov/bpu/newsroom/2026/approved/20260212.html
- NJBPU order approving 2026 BGS process (Nov. 21, 2025): https://www.nj.gov/bpu/pdf/energy/bgs/ER25040190-%202026%20BGS-%20Order%20Approving%20Auction%20Process.pdf
- NJBPU order on results (Feb. 12, 2026): https://www.nj.gov/bpu/pdf/boardorders/2026/20260212/2A%20ORDER%202026%20BGS%20Auction%20Results.pdf
- PSE&G electric tariffs page: https://nj.pseg.com/aboutpseg/regulatorypage/electrictariffs