Compare Newark, DE electricity rates and plans (April 2025)

Best Newark, DE electricity rates

In the city of Newark, you can find electricity rates that range from 10.14 cents to 22.23 cents per kWh. The best electricity plans in Newark for you depend on how much power you use and when you use it. Comparing companies is the best way to find better rates. Below are some rates from popular electric companies in Newark.

Because Delaware has a deregulated electricity market, Newark residents have the flexibility to shop around for a cheaper electricity bill. Many states don’t offer this choice. If you’re looking to reduce your energy bill, consider switching to a different provider or plan. Newark electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

Average cost of electricity in Newark, Delaware

According to our data, the average electricity rate in Newark is 16.74 cents per kWh. This equates to an average residential bill of $118.64 per month. Our data also shows the average resident in Newark uses 709 kWh per month. Below, you can see how Newark's electricity rates compare to the averages in Delaware and the United States.

Since the average price is 16.74 cents per kWh or $118.64 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Newark, Delaware depend on your home size and usage, so the kWh rate is more useful when comparing your rate to the average.

Best electricity plans

We've analyzed the prices, terms, and conditions of popular Newark electricity plans. Below are our picks for the best residential plans in the state.

Provider	Contract Term	Rate	Plan
	12 months	9.02¢/kWh	See Plan
	12 months	9.40¢/kWh	See Plan
	24 months	9.49¢/kWh	See Plan
	12 months	9.69¢/kWh	See Plan
	24 months	10.00¢/kWh	See Plan
See All Plans

Compare Newark electricity providers

There are 18 electricity providers in Newark, DE. While some providers only serve specific areas, you have multiple options for electricity wherever you are. Different providers can offer different specials, plan types, and sales throughout the year. However, always read the fine print of the energy plans you consider to avoid hidden penalties.

Business electricity rates in Newark, DE

Commercial rates are typically cheaper than residential rates in Newark, Delaware because businesses consume a lot of energy. This means they get a volume discount on electricity. Think about how much power a corner store might use to run HVAC, refrigeration, security systems, lighting, and computers. It adds up. Our data shows the average business in Newark pays 15.13 cents per kWh for electricity and has an average bill of $63,399 per month. They also use 4,190 kWh per month, which is a big increase from the residential average of 709 kWh.

Finding ways to reduce overhead costs is essential as a business owner. You have the opportunity to do that in a deregulated electricity market. Even reducing your electricity by one or two cents per kWh can make a huge difference when you have a high monthly bill. Compare commercial electricity rates to find the plan that makes the most sense for your business.

Best commercial electricity plans

Below are the top commercial electricity plans in Newark, Delaware.

Provider	Contract Term	Rate	Plan
	12 months	6.456¢/kWh	See Plan
	18 months	6.625¢/kWh	See Plan
	24 months	6.748¢/kWh	See Plan
	30 months	6.881¢/kWh	See Plan
	12 months	6.951¢/kWh	See Plan
	36 months	6.963¢/kWh	See Plan
	18 months	7.213¢/kWh	See Plan
	24 months	7.273¢/kWh	See Plan
	30 months	7.465¢/kWh	See Plan
	36 months	7.491¢/kWh	See Plan
	6 months	7.654¢/kWh	See Plan
	12 months	7.697¢/kWh	See Plan
	12 months	7.709¢/kWh	See Plan
	12 months	7.760¢/kWh	See Plan
	18 months	7.900¢/kWh	See Plan
	18 months	7.902¢/kWh	See Plan
	12 months	7.933¢/kWh	See Plan
	18 months	7.938¢/kWh	See Plan
	12 months	7.947¢/kWh	See Plan
	12 months	7.959¢/kWh	See Plan
	24 months	7.984¢/kWh	See Plan
	24 months	8.001¢/kWh	See Plan
	24 months	8.039¢/kWh	See Plan
	18 months	8.139¢/kWh	See Plan
	18 months	8.150¢/kWh	See Plan
	18 months	8.152¢/kWh	See Plan
	12 months	8.183¢/kWh	See Plan
	12 months	8.197¢/kWh	See Plan
	12 months	8.209¢/kWh	See Plan
	24 months	8.228¢/kWh	See Plan
	36 months	8.231¢/kWh	See Plan
	24 months	8.234¢/kWh	See Plan
	24 months	8.251¢/kWh	See Plan
	36 months	8.299¢/kWh	See Plan
	36 months	8.323¢/kWh	See Plan
	18 months	8.389¢/kWh	See Plan
	18 months	8.400¢/kWh	See Plan
	18 months	8.402¢/kWh	See Plan
	12 months	8.433¢/kWh	See Plan
	24 months	8.478¢/kWh	See Plan
	24 months	8.484¢/kWh	See Plan
	24 months	8.501¢/kWh	See Plan
	36 months	8.549¢/kWh	See Plan
	36 months	8.556¢/kWh	See Plan
	36 months	8.573¢/kWh	See Plan
	18 months	8.639¢/kWh	See Plan
	6 months	8.720¢/kWh	See Plan
	24 months	8.728¢/kWh	See Plan
	12 months	8.757¢/kWh	See Plan
	36 months	8.799¢/kWh	See Plan
	36 months	8.806¢/kWh	See Plan
	36 months	8.823¢/kWh	See Plan
	18 months	8.896¢/kWh	See Plan
	24 months	8.993¢/kWh	See Plan
	36 months	9.056¢/kWh	See Plan
	30 months	9.205¢/kWh	See Plan
	36 months	9.308¢/kWh	See Plan
See All Plans

How to switch your Newark electricity provider

While switching electricity suppliers in Newark might seem intimidating, the state's deregulated energy market allows you to choose from multiple providers and potentially secure better rates.

To switch providers, first verify your current contract's status and compare available rates from suppliers like NRG, Clearview Energy, and NextEra Energy.

You'll need to:

• Review contract terms and lengths (3-36 months)
• Consider renewable energy options
• Check for additional fees
• Sign a Letter of Authorization

The switch won't interrupt your service, and your new supplier will handle the transfer with your utility company.

Your new rate will take effect in the next billing cycle.

Best time to switch electric companies in Newark, Delaware?

Since energy rates and market conditions fluctuate throughout the year, timing your switch to a new Newark electricity provider can greatly impact your potential savings.

The best times to switch in Newark typically include:

• Before peak seasons (summer/winter) when you can lock in lower rates
• When your current contract is nearing expiration
• During off-peak months when providers offer competitive promotions
• After comparing rates during market downturns

Consider your personal circumstances, such as:

• Changes in household energy consumption
• Budget requirements
• Need for different plan features
• Moving to a new residence
• Dissatisfaction with current provider's service

Always check contract terms and early termination fees before making the switch.

Newark's deregulated electricity market

After Delaware deregulated its electricity market in 1999, the state transformed how residents and businesses purchase their power.

The system now operates with three distinct components:

• Generation: Power companies produce electricity and sell it in the wholesale market
• Transmission: Utilities maintain the high-voltage power lines that transport electricity
• Distribution: Local utilities like Delmarva Power deliver electricity to your home

Many retail suppliers compete for your business and offer various rate plans. If you don't select a supplier, you'll automatically receive default service through your utility provider.

The Public Service Commission continues to regulate distribution services, ensuring reliable power delivery.

Types of electricity plans in Newark, DE

Newark residents can choose from several electricity plan options that match their energy needs and budget preferences.

Each plan type offers distinct advantages:

• Fixed-rate plans: You'll get consistent rates throughout your contract term, making budgeting easier. However, early termination fees may apply.
• Green energy plans: You can power your home with 100% renewable sources while supporting Delaware's clean energy goals.
• Time-of-use plans: You'll pay different rates based on when you use electricity, with lower costs during off-peak hours.
• Variable-rate/prepaid plans: You'll have flexibility without long-term commitments, though rates may fluctuate monthly based on market conditions.

Compare Newark electricity rates

Compare Newark electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 10 to 22 cents per kWh across different providers and plan structures. Take the time to read the fine print and do the math to figure out which is your best option.

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Newark, DE electricity rate FAQs