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PSE&G vs Xcel Energy

Xcel Energy has 15.8% cheaper electricity at 15.56¢/kWh vs 18.48¢/kWh for PSE&G. A typical customer saves about $26.28/month with the cheaper utility.

PSE&G

18.48¢

per kWh

2,300,000 customers

New Jersey

Xcel Energy

15.56¢

per kWh

1,400,000 customers

Colorado

Detailed Comparison

MetricPSE&GXcel EnergyNational Avg
Avg Rate18.48¢/kWh15.56¢/kWh17.22¢/kWh
Est. Monthly Bill (900 kWh)$166.32$140.04$154.98
Est. Annual Bill$1,995.84$1,680.48$1,859.76
Customers Served2,300,0001,400,000
Service StateNew JerseyColorado
Service TypeElectric & GasElectric & Gas

Bottom Line: PSE&G vs Xcel Energy

Xcel Energy offers the lower electricity rate at 15.56¢/kWh — 15.8% cheaper than PSE&G's 18.48¢/kWh. On a typical 900 kWh/month household, that's a savings of $26.28/month or $315.36/year.

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Data verified March 2026 · Source: U.S. Energy Information Administration (EIA)