Table of Contents
- What to know aboout electricity rates in Canisteo, New York
- Best Canisteo, NY electricity rates
- Average cost of electricity in Canisteo, New York
- Best electricity plans in Canisteo
- Business electricity rates in Canisteo, New York
- Best commercial electricity plans in Canisteo
- How to switch Canisteo, New York electricity companies
- How deregulated electricity works in Canisteo
- Types of electricity plans in Canisteo, New York
- Compare Canisteo electricity rates
- Canisteo, New York electricity rate FAQs
What to know about electricity rates in Canisteo, NY
- Canisteo residents pay 14.23 cents per kWh while the average national rate is 16.22 cents
- The cheapest electricity rate is 5.82 cents per kWh for Canisteo residents
- You can shop rates from 46 available providers in Canisteo
Best Canisteo, NY electricity rates
In the city of Canisteo, you can find electricity rates that range from 5.82 cents to 45.25 cents per kWh. The best electricity plans in Canisteo 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 Canisteo.
What is the cheapest electricity company in Canisteo, NY?
Provider | Service | Rate (¢/kWh) |
---|---|---|
EnergyMark | Energy | 5.70 |
Energy Coop of America | Energy | 6.84 |
NOCO Energy | Energy | 7.22 |
SmartEnergy Holdings | Energy | 7.27 |
Mirabito Energy | Energy | 8.48 |
New Wave Energy Corporation | Energy | 9.80 |
Marathon Energy | Energy | 11.37 |
Verde Energy | Energy | 11.51 |
Family Energy | Energy | 11.55 |
Major Energy Electric Services | Energy | 12.08 |
Because New York has a deregulated electricity market, Canisteo 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. Canisteo electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Canisteo, New York
According to our data, the average electricity rate in Canisteo is 14.23 cents per kWh. This equates to an average residential bill of $102.55 per month. Our data also shows the average resident in Canisteo uses 721 kWh per month. Below, you can see how Canisteo's electricity rates compare to the averages in New York and the United States.
Rate | Usage | Bill | |
---|---|---|---|
Canisteo Average | 14.23¢ | 721 kWh | $102.55 |
New York Average | 22.66¢ | 1,018 kWh | $144.84 |
United States Average | 16.22¢ | 884 kWh | $143.38 |
Since the average price is 14.23 cents per kWh or $102.55 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Canisteo, New York 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 Canisteo electricity plans. Below are our picks for the best residential plans in the state.
Provider | Contract Term | Rate | Plan |
---|---|---|---|
12 months | 9.39¢/kWh | See Plan | |
12 months | 9.79¢/kWh | See Plan | |
12 months | 11.49¢/kWh | See Plan | |
12 months | 12.99¢/kWh | See Plan | |
12 months | 15.99¢/kWh | See Plan | |
See All Plans |
Compare Canisteo electricity providers
There are 46 electricity providers in Canisteo, NY. 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.
Residential Electricity Providers in Canisteo
Provider | Service Type | Rate (¢/kWh) | Bill |
---|---|---|---|
EnergyMark | Energy | 5.70 | $41.10 |
Energy Coop of America | Energy | 6.84 | $288.42 |
NOCO Energy | Energy | 7.22 | $85.36 |
SmartEnergy Holdings | Energy | 7.27 | $37.48 |
Mirabito Energy | Energy | 8.48 | $132.15 |
New Wave Energy Corporation | Energy | 9.80 | $147.98 |
Marathon Energy | Energy | 11.37 | $308.63 |
Verde Energy | Energy | 11.51 | $81.08 |
Family Energy | Energy | 11.55 | $61.65 |
Major Energy Electric Services | Energy | 12.08 | $80.58 |
Business electricity rates in Canisteo, NY
Commercial rates are typically cheaper than residential rates in Canisteo, New York 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 Canisteo pays 9.54 cents per kWh for electricity and has an average bill of $55,409 per month. They also use 5,805 kWh per month, which is a big increase from the residential average of 721 kWh.
Rate | Usage | Bill | |
---|---|---|---|
Canisteo Average | 9.54¢ | 5,805 kWh | $554.09 |
New York Average | 19.67¢ | 2,814 kWh | $553.34 |
United States Average | 12.14¢ | 5,654 kWh | $686.54 |
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 Canisteo, New York.
Provider | Contract Term | Rate | Plan |
---|---|---|---|
12 months | 7.856¢/kWh | See Plan | |
24 months | 7.876¢/kWh | See Plan | |
36 months | 7.957¢/kWh | See Plan | |
18 months | 7.966¢/kWh | See Plan | |
30 months | 7.972¢/kWh | See Plan | |
6 months | 8.041¢/kWh | See Plan | |
42 months | 8.060¢/kWh | See Plan | |
48 months | 8.093¢/kWh | See Plan | |
54 months | 8.213¢/kWh | See Plan | |
60 months | 8.267¢/kWh | See Plan | |
12 months | 8.296¢/kWh | See Plan | |
12 months | 8.300¢/kWh | See Plan | |
24 months | 8.300¢/kWh | See Plan | |
24 months | 8.331¢/kWh | See Plan | |
18 months | 8.400¢/kWh | See Plan | |
30 months | 8.400¢/kWh | See Plan | |
36 months | 8.400¢/kWh | See Plan | |
36 months | 8.416¢/kWh | See Plan | |
18 months | 8.430¢/kWh | See Plan | |
30 months | 8.438¢/kWh | See Plan | |
6 months | 8.500¢/kWh | See Plan | |
42 months | 8.500¢/kWh | See Plan | |
48 months | 8.500¢/kWh | See Plan | |
42 months | 8.524¢/kWh | See Plan | |
6 months | 8.531¢/kWh | See Plan | |
48 months | 8.551¢/kWh | See Plan | |
12 months | 8.600¢/kWh | See Plan | |
24 months | 8.600¢/kWh | See Plan | |
54 months | 8.600¢/kWh | See Plan | |
54 months | 8.674¢/kWh | See Plan | |
18 months | 8.700¢/kWh | See Plan | |
36 months | 8.700¢/kWh | See Plan | |
60 months | 8.700¢/kWh | See Plan | |
60 months | 8.722¢/kWh | See Plan | |
6 months | 8.800¢/kWh | See Plan | |
12 months | 8.800¢/kWh | See Plan | |
30 months | 8.800¢/kWh | See Plan | |
42 months | 8.800¢/kWh | See Plan | |
48 months | 8.800¢/kWh | See Plan | |
18 months | 8.900¢/kWh | See Plan | |
24 months | 8.900¢/kWh | See Plan | |
6 months | 9.000¢/kWh | See Plan | |
30 months | 9.000¢/kWh | See Plan | |
36 months | 9.000¢/kWh | See Plan | |
54 months | 9.000¢/kWh | See Plan | |
60 months | 9.000¢/kWh | See Plan | |
42 months | 9.100¢/kWh | See Plan | |
48 months | 9.100¢/kWh | See Plan | |
12 months | 9.200¢/kWh | See Plan | |
24 months | 9.200¢/kWh | See Plan | |
12 months | 9.252¢/kWh | See Plan | |
24 months | 9.281¢/kWh | See Plan | |
12 months | 9.292¢/kWh | See Plan | |
18 months | 9.300¢/kWh | See Plan | |
30 months | 9.300¢/kWh | See Plan | |
36 months | 9.300¢/kWh | See Plan | |
54 months | 9.300¢/kWh | See Plan | |
60 months | 9.300¢/kWh | See Plan | |
24 months | 9.318¢/kWh | See Plan | |
12 months | 9.338¢/kWh | See Plan | |
18 months | 9.348¢/kWh | See Plan | |
30 months | 9.374¢/kWh | See Plan | |
24 months | 9.376¢/kWh | See Plan | |
36 months | 9.389¢/kWh | See Plan | |
12 months | 9.400¢/kWh | See Plan | |
42 months | 9.400¢/kWh | See Plan | |
6 months | 9.401¢/kWh | See Plan | |
36 months | 9.430¢/kWh | See Plan | |
18 months | 9.433¢/kWh | See Plan | |
30 months | 9.439¢/kWh | See Plan | |
18 months | 9.450¢/kWh | See Plan | |
30 months | 9.476¢/kWh | See Plan | |
36 months | 9.482¢/kWh | See Plan | |
6 months | 9.500¢/kWh | See Plan | |
24 months | 9.500¢/kWh | See Plan | |
42 months | 9.500¢/kWh | See Plan | |
48 months | 9.500¢/kWh | See Plan | |
6 months | 9.507¢/kWh | See Plan | |
12 months | 9.551¢/kWh | See Plan | |
42 months | 9.565¢/kWh | See Plan | |
48 months | 9.568¢/kWh | See Plan | |
6 months | 9.580¢/kWh | See Plan | |
42 months | 9.594¢/kWh | See Plan | |
24 months | 9.599¢/kWh | See Plan | |
12 months | 9.600¢/kWh | See Plan | |
18 months | 9.600¢/kWh | See Plan | |
24 months | 9.600¢/kWh | See Plan | |
30 months | 9.600¢/kWh | See Plan | |
36 months | 9.600¢/kWh | See Plan | |
54 months | 9.600¢/kWh | See Plan | |
48 months | 9.617¢/kWh | See Plan | |
48 months | 9.649¢/kWh | See Plan | |
18 months | 9.673¢/kWh | See Plan | |
24 months | 9.690¢/kWh | See Plan | |
36 months | 9.698¢/kWh | See Plan | |
6 months | 9.700¢/kWh | See Plan | |
12 months | 9.700¢/kWh | See Plan | |
18 months | 9.700¢/kWh | See Plan | |
24 months | 9.700¢/kWh | See Plan | |
30 months | 9.700¢/kWh | See Plan | |
See All Plans |
How to switch your Canisteo electricity provider
Since New York's energy market underwent deregulation, residents and businesses have gained the power to choose their electricity suppliers from multiple providers.
You can switch companies by following these steps:
- Verify your eligibility to switch providers in your service area
- Compare rates and plans from different Energy Service Companies (ESCOs)
- Review contract terms and potential fees
- Select a plan that matches your energy needs
- Complete the enrollment process with your chosen supplier
The switch typically takes five business days, and you won't experience any service interruption.
Remember to check for early termination fees if you're currently under contract, and confirm your account is in good standing before initiating the change.
Best time to switch electric companies in Canisteo, New York?
Timing your switch to a new energy provider in Canisteo can greatly impact your utility costs throughout the year.
You'll find the most competitive rates during periods of lower energy demand, specifically from late September to Halloween and late March to early May.
The switching process typically takes 1-2 billing cycles, and you won't experience any service interruption.
Your new supplier will handle the necessary notifications to your utility company.
Canisteo's deregulated electricity market
The electric industry in New York underwent a significant transformation when deregulation began in 1996.
The New York State Public Service Commission introduced competition by allowing customers to choose their energy providers from over 200 Energy Service Companies (ESCOs).
Under this system, the New York Independent System Operator (NYISO) manages the power grid and wholesale marketplace, where electricity is traded like stocks.
Providers compete to offer the best rates, with generators submitting price offers while utilities bid to meet demand.
Types of electricity plans in Canisteo, NY
Choosing your ideal electricity plan in Canisteo requires understanding three primary options available through Energy Service Companies: fixed-rate, variable-rate, and indexed-rate plans.
Fixed-rate plans lock in your rate per kilowatt-hour for a specific term, typically ranging from 6 months to 5 years. You'll have predictable bills regardless of market conditions.
Variable-rate plans adjust monthly based on market prices, with providers required to notify you of upcoming rates.
Indexed-rate plans follow a formula tied to electricity trading markets, similar to variable rates but with more direct market influence.
Your choice should align with your energy needs and risk tolerance.
Compare Canisteo electricity rates
Compare Canisteo electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 6 to 45 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.
Electricity rates for cities near Canisteo, New York
- Hornell, NY electricity rates
- Alfred, NY electricity rates
- Bath, NY electricity rates
- Wayland, NY electricity rates
- Dansville, NY electricity rates
- Wellsville, NY electricity rates
- Westfield, PA electricity rates
- Elkland, PA electricity rates
- Addison, NY electricity rates
- Conesus Lake CDP, NY electricity rates
Electricity rates for other cities
Canisteo, NY electricity rate FAQs
What is a good rate per kWh in Canisteo?
In Canisteo, New York, a good electricity rate falls between 13 cents to 15 cents per kWh. Tired of high bills? Shop during spring and fall to lock in lower prices before HVAC use spikes in the summer or winter.
What are electric rates in Canisteo today?
Canisteo electricity rates currently average 14.23 cents per kWh, but you'll likely pay between 12 to 16 cents depending on your provider, location, and plan type.
Why is electricity so expensive in Canisteo, NY right now?
Your Canisteo electric bill can be expensive because you live in a high-demand region with complex delivery systems. You pay premium rates due to natural gas costs, peak usage timing, and aging infrastructure that needs constant upgrades.
Will electricity get cheaper in the future?
Electricity rates fluctuate due to energy demand, fuel costs, grid infrastructure, and regulatory policies. While short-term declines may occur, long-term trends often show increases due to inflation, grid modernization, and shifts to renewable energy.