62.3%above
the national average of 18.44¢/kWh
Electricity Rates in New York (May 2026)
The average residential rate is 29.93¢/kWh — that's about $134/month for a typical household.
#49out of 51 states (1 = cheapest)
Source: U.S. Energy Information Administration. Data as of May 2026.
$134/mo
based on 448 kWh average monthly usage
12.1%up
over the past 12 months
Rates by Sector
| Sector | Rate (¢/kWh) | vs National | Avg Monthly Usage | Avg Monthly Bill |
|---|---|---|---|---|
| Residential | 29.93¢/kWh | +62.3% | 448 kWh | $134 |
| Commercial | 22.40¢/kWh | — | 4,539 kWh | $1,016 |
| Industrial | 9.55¢/kWh | — | 72,880 kWh | $6,963 |
| National Average | 18.44¢/kWh | — | 736 kWh | $136 |
Electricity Providers in New York
Type | Service | Service Area | ||||
|---|---|---|---|---|---|---|
Bronx, Kings, New York, Queens, Richmond, Westchester+3 moreless | ||||||
— | ||||||
— | ||||||
Albany, Allegany, Cattaraugus, Cayuga, Chautauqua, Chenango, Clinton, Columbia, Cortland, Erie, Essex, Franklin, Fulton, Genesee, Hamilton, Herkimer, Jefferson, Lewis, Livingston, Madison, Monroe, Montgomery, Niagara, Oneida, Onondaga, Ontario, Orleans, Oswego, Otsego, Rensselaer, Saratoga, Schenectady, Schoharie, St Lawrence, Warren, Washington, Wyoming+34 moreless | ||||||
— | ||||||
Allegany, Genesee, Livingston, Monroe, Ontario, Wayne, Wyoming+4 moreless | ||||||
Allegany, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex, Franklin, Greene, Hamilton, Herkimer, Lewis, Livingston, Madison, Niagara, Oneida, Onondaga, Ontario, Orange, Orleans, Otsego, Putnam, Rensselaer, Saratoga, Schoharie, Schuyler, Seneca, Steuben, Sullivan, Tioga, Tompkins, Ulster, Washington, Wayne, Westchester, Wyoming, Yates+41 moreless | ||||||
Albany, Columbia, Dutchess, Greene, Orange, Putnam, Ulster+4 moreless | ||||||
Orange, Rockland, Sullivan | ||||||
— |
Utility data from EIA Form 861, 2024
How Deregulated Electricity Works in New York
New York deregulated its electricity market in 1996. The system operates with three components: power companies generate electricity (generation), utilities maintain high-voltage lines (transmission), and your local utility (Consolidated Edison Co-NY Inc, Niagara Mohawk Power Corp., Rochester Gas & Electric Corp, New York State Elec & Gas Corp, Central Hudson Gas & Elec Corp, Orange & Rockland Utils Inc, FirstEnergy Pennsylvania Electric Co, Fishers Island Utility Co Inc) delivers electricity to your home (distribution).
You can choose your electricity supplier from 61 competing providers. If you don't select a supplier, you automatically receive default service through your utility at a regulated rate.
How to Switch Electricity Companies in New York
- 1Review your current contract terms and check for early termination fees
- 2Compare available rates from 61 suppliers serving your area
- 3Choose a plan and sign a Letter of Authorization
- 4Your new supplier handles the transfer with your utility (Consolidated Edison Co-NY Inc, Niagara Mohawk Power Corp., Rochester Gas & Electric Corp, New York State Elec & Gas Corp, Central Hudson Gas & Elec Corp, Orange & Rockland Utils Inc, FirstEnergy Pennsylvania Electric Co, Fishers Island Utility Co Inc) — your service is not interrupted
- 5Your new rate takes effect in the next billing cycle
When is the Best Time to Switch Energy Providers in New York
The best times to switch providers in New York typically include:
- Before peak seasons (summer) 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
Types of Electricity Plans in New York
Fixed-rate plans
Consistent rates throughout your contract term, making budgeting easier. Early termination fees may apply.
Green energy plans
Power your home with 100% renewable sources while supporting clean energy goals.
Time-of-use plans
Different rates based on when you use electricity, with lower costs during off-peak hours.
Variable-rate / prepaid plans
Flexibility without long-term commitments, though rates may fluctuate monthly based on market conditions.
Power Outages in New York
474 customers currently without power in New York
Frequently Asked Questions
The average residential electricity rate in New York is 29.93¢ per kWh. Commercial customers pay an average of 22.40¢ per kWh and industrial customers pay 9.55¢ per kWh.