Competitive market

Between 2006 and 2008, natural gas prices were peaking at historic highs, and critics of competitive markets for electricity were citing the resulting high electricity prices as an indicator that the markets had failed. No amount of factual data showing the linkage between natural gas fuel costs and electricity prices could quell the furor in certain quarters.

New Jersey’s electricity market has experienced a recent influx of competitive power suppliers, benefiting both consumers and the environment. The state’s market has seen exponential growth in recent months – and consumers are jumping at the opportunity to competitively shop for their electricity supply.