Table of Contents
- What to know aboout electricity rates in Cold Spring, New York
- Best Cold Spring, NY electricity rates
- Average cost of electricity in Cold Spring, New York
- Best electricity plans in Cold Spring
- Business electricity rates in Cold Spring, New York
- Best commercial electricity plans in Cold Spring
- How to switch Cold Spring, New York electricity companies
- How deregulated electricity works in Cold Spring
- Types of electricity plans in Cold Spring, New York
- Compare Cold Spring electricity rates
- Cold Spring, New York electricity rate FAQs
What to know about electricity rates in Cold Spring, NY
- Cold Spring residents pay 19.67 cents per kWh while the average national rate is 16.22 cents
- The cheapest electricity rate is 5.82 cents per kWh for Cold Spring residents
- You can shop rates from 45 available providers in Cold Spring
Best Cold Spring, NY electricity rates
In the city of Cold Spring, you can find electricity rates that range from 5.82 cents to 45.25 cents per kWh. The best electricity plans in Cold Spring 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 Cold Spring.
What is the cheapest electricity company in Cold Spring, 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, Cold Spring 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. Cold Spring electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.
Average cost of electricity in Cold Spring, New York
According to our data, the average electricity rate in Cold Spring is 19.67 cents per kWh. This equates to an average residential bill of $130.82 per month. Our data also shows the average resident in Cold Spring uses 665 kWh per month. Below, you can see how Cold Spring's electricity rates compare to the averages in New York and the United States.
Rate | Usage | Bill | |
---|---|---|---|
Cold Spring Average | 19.67¢ | 665 kWh | $130.82 |
New York Average | 22.66¢ | 736 kWh | $144.84 |
United States Average | 16.22¢ | 884 kWh | $143.38 |
Since the average price is 19.67 cents per kWh or $130.82 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Cold Spring, 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 Cold Spring 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 Cold Spring electricity providers
There are 45 electricity providers in Cold Spring, 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 Cold Spring
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 Cold Spring, NY
Commercial rates are typically cheaper than residential rates in Cold Spring, 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 Cold Spring pays 10.29 cents per kWh for electricity and has an average bill of $57,452 per month. They also use 5,582 kWh per month, which is a big increase from the residential average of 665 kWh.
Rate | Usage | Bill | |
---|---|---|---|
Cold Spring Average | 10.29¢ | 5,582 kWh | $574.52 |
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 Cold Spring, 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 Cold Spring 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 Cold Spring, New York?
Timing your switch to a new energy provider in Cold Spring 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.
Cold Spring'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 Cold Spring, NY
Choosing your ideal electricity plan in Cold Spring 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 Cold Spring electricity rates
Compare Cold Spring 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.
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Cold Spring, NY electricity rate FAQs
What is a good rate per kWh in Cold Spring?
In Cold Spring, New York, a good electricity rate falls between 19 cents to 21 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 Cold Spring today?
Cold Spring electricity rates currently average 19.67 cents per kWh, but you'll likely pay between 18 to 22 cents depending on your provider, location, and plan type.
Why is electricity so expensive in Cold Spring, NY right now?
Your Cold Spring 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.