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Key Points
- Due to energy market deregulation, New York residents and businesses can choose their electricity provider.
- The best energy plan for you depends on your usage, budget, and preferences.
- SaveOnEnergy.com® can help you explore plan options and sign up in minutes.
Average electricity rates in April 2024
- The latest average residential New York energy rate is 23.44 cents per kilowatt-hour (kWh). The current rate in New York is about 41% higher than the national average of 15.45 cents/kWh.
- The latest commercial New York electricity rate is 18.07 cents/kWh (35% higher than the national average).
Types of energy plans in New York
Explore all energy plan options to determine which is best for you. If you have questions or want help picking a plan, call the number on your screen to chat with a SaveOnEnergy professional. Learn more about New York’s electricity plan types.
- Fixed-rate plans: Ensure predictable monthly energy bills with a fixed-rate plan. Your rate is consistent for the length of your contract, but you’ll incur an early termination fee (ETF) if you cancel before it’s up.
- Variable-rate plans: A month-to-month option for those who prefer flexibility. While variable-rate plans may provide more savings in periods of low demand, you risk rate increases during high demand.
- No-deposit and prepaid energy plans: If your credit score does not meet the credit threshold, you may be eligible for a no-deposit option, such as a prepaid energy plan. These plans allow you to pay upfront for your energy without a deposit.
- Green energy plans: If you want to power your home with renewable sources like solar energy, you can filter available options to green energy plans.
- Business energy plans: Commercial electricity is different from a residential energy plan. Call the number on your screen to learn more about business energy in New York and how to save money on operational costs.
Energy companies in New York
In deregulated states like New York, energy suppliers and utility companies have different responsibilities. Your selected energy provider supplies you with electricity and handles billing. Utility companies are responsible for maintaining the infrastructure, transmitting electricity, and responding to outages.
Energy suppliers
The company you choose to buy energy from is your electricity supplier. The following list includes a few examples of energy providers in New York.
Utility providers
If you experience a power outage, contact your utility company. You can not choose your utility — it is based on your location. The following are utilities in New York.
Average electricity bill in New York
On average, New York residents spend $138.76 per month on their electricity bill. This amount is equivalent to $1,665.12 per year. The average electric bill in New York is about the same as the national average of $138.90.
How to find the best electricity rates in New York
Energy demand varies throughout the year, and so do electricity rates. When demand is high, like during the summer, energy rates increase. The spring and fall are the best time to sign up for a new energy plan or switch to a provider with a lower rate. Use the following steps to compare and sign up for the best energy plan in your area.
- Enter your ZIP code. Compare rates in New York to choose what’s best for your budget. Use the filters to search based on rate type, contract length, and renewable energy options.
- Pick a plan. When you find a plan that suits your needs, sign up online or over the phone in a few minutes.
- Enjoy your new plan. Your New York electricity company will handle the setup to ensure a seamless transition.
SaveOnEnergy’s tips for easy electricity service setup
- Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information, including:
- Price per kilowatt-hour based on usage
- Percent of renewable energy sourcing
- Early termination fees
- Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
- Understand your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.
Learn more about how deregulated energy works
New York energy FAQs
The best provider and plan for you depends on your preferences and location. By entering your ZIP code, you can compare all of the options for your home. Narrow your choices by using the sort and filter functions. When you find the best option, sign up online or call an agent for assistance.
Find the cheapest rate in your area by entering your ZIP code and sorting the prices from low to high. The best time of year to switch providers or sign up for a new plan is during the spring and fall when the temperatures are mild.
New York does have a deregulated natural gas market. You can learn more in our natural gas guide.