*Energy rates change daily
The State of New Jersey deregulated its electricity market in 1999 giving businesses the opportunity and power to choose the best electricity provider in their area. For businesses, large and small, the New Jersey deregulated market enables business owners and managers to compare energy plans from top energy suppliers and shop for the best rate.
The time and research that it takes to compare energy rates and find the best plan has long been a lengthy and frustrating process for most businesses. Until now. EnergyBot.com, an innovative online marketplace, has simplified the energy shopping process – making it as easy as booking a flight online.
Prior to deregulation, consumers were subject to local utility monopolies. All aspects of power generation, processing, delivery, and maintenance were owned by a handful of companies with little to no competition. As a result of the energy market monopoly, energy companies lacked the sufficient motivation needed to effectively manage costs and improve their customer service. For home and business consumers, this resulted in higher energy costs and sub-par customer service. After learning valuable lessons from states like California and Massachusetts, which deregulated markets earlier, New Jersey was able to move into deregulation and usher in a new era where energy suppliers were forced to compete for consumers and market share by improving their operations and service as well as offering more competitive rates.
New Jersey also approached deregulation differently by opening the market all at once. Most previous states slowly phased in deregulation over time. The Garden State, on the other hand, opened up the competitive market to everyone at the same time. The state also established a benchmark rate of 5.3¢ kWh which was significantly lower than the established rates before deregulation. The goal of the benchmark rate was to boost consumer acceptance of deregulation and increase competition among suppliers.
Today, home and business electricity consumers in New Jersey have both choice and control when selecting their energy provider, energy plan, and energy rate.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utilities in New Jersey include Atlantic City Electric, Jersey Central Power & Light, Orange Rockland Electric, and PSE&G. Each utility is responsible for transporting electricity from the generators to residential homes and businesses in their specific region of New Jersey.
The competitive energy providers in New Jersey include Constellation, Entrust, and APG&E to name a few. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, or 36 months), and other contract terms like the cancellation fee policy.
It is estimated that New Jersey is home to over 820,000 small businesses in a wide variety of industries and categories. Small businesses in New Jersey make up approximately 98% of the total businesses in the state with the remaining 2% being large or enterprise level companies.
The 2.4 million small business employees represent 46.4% of the total employees in New Jersey.
820,303 Small Businesses
Businesses with 100 employees or less have the largest share of small business employment.
361,224 Small Businesses with Employees
1.7 million small business employees (51% of the total workforce)
Professional, Scientific, and Technical Services
Health Care and Social Assistance
Other Services (except Public Administration)
We are an online marketplace that connects businesses with the cheapest energy rate. We make the buying process simple and transparent.
Select your new plan, we will work with your new supplier to setup your new energy contract, your service continues without interruption.
EnergyBot is constantly aggregating data from top energy suppliers and publishing the energy rates for each zip code. The EnergyBot Rate is the best energy rate that we can find for your business.
Energy choice, also known as energy market deregulation, allows New Jersey Business Owners to choose their energy supplier and energy rate. New Jersey has been a deregulated since the New Jersey Public Utility Commission (PUC) passed Competitive Opportunities Case legislation in 1996 with the objective of having a competitive retail market by 1998.
EnergyBot is an online marketplace that helps businesses quickly and easily compare energy suppliers, plans, and rates in their area. With the simple goal to help businesses switch to the best energy for their business, EnergyBot cuts out the middleman – energy consultants and energy brokers, and enables businesses to switch online. EnergyBot also eliminates the fees and sales commissions that businesses may pay when using a traditional energy broker.
In New Jersey, energy brokers may advertise promotional rates and offer their services free of charge – which is not exactly the truth. Most energy brokers “bake in their commissions and fees” into the energy rate (per kWh) that businesses will pay – which means that a business may pay a higher rate than necessary when using a broker. EnergyBot rates are simple and transparent and published on our site every day for businesses to review and compare.
The goal of energy market deregulation was to create competition among energy suppliers so that they would be more efficient and ultimately offer lower, more competitive rates, to consumers. Unfortunately, most businesses and residential consumers have found that comparing energy plans is overly complicated and confusing.
EnergyBot makes energy simple. With a fast and transparent online experience, businesses can now compare plans and select an energy rate in just a few minutes. With basic information about your business and energy usage, EnergyBot will quickly compare current rates from top energy suppliers and provide a list of recommended plans for your business. Switching to a new energy plan is now as easy as booking a flight online.
EnergyBot makes it easy to switch energy providers. Simply visit our website, compare and select energy plans in your area, submit the necessary business information, and then upload your most recent energy bill. The EnergyBot team will seamlessly work with your new supplier to make the switch to the new energy plan. And the energy service to your business will continue without interruption.
You will pay your electricity bill directly to your local utility company. EnergyBot will never send you a bill.