Compare New York, NY electricity rates and plans (October 2025)

New York electricity rates vary, but the average residential rate is around 31.33 cents per kWh, with a monthly bill averaging $121.16.

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Brogan Woodburn

Last updated: Oct 1, 2025

Fact checked by: Alex Zdanov

What to know about electricity rates in New York, NY

New York residents pay 31.33 cents per kWh while the average national rate is 16.29 cents
The cheapest electricity rate is 5.66 cents per kWh for New York residents
You can shop rates from 46 available providers in New York

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Find the best electricity rates in your area

Best New York, NY electricity rates

In the city of New York, you can find electricity rates that range from 5.66 cents to 44.02 cents per kWh. The best electricity plans in New York 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 New York.

What is the cheapest electricity company in New York, NY?

Provider	Service	Rate (¢/kWh)
EnergyMark	Energy	5.71
Energy Coop of America	Energy	6.85
NOCO Energy	Energy	7.23
SmartEnergy Holdings	Energy	7.28
Mirabito Energy	Energy	8.49
New Wave Energy Corporation	Energy	9.81
Marathon Energy	Energy	11.39
Verde Energy	Energy	11.52
Family Energy	Energy	11.57
Major Energy Electric Services	Energy	12.09

Because New York has a deregulated electricity market, New York 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. New York electricity providers offer different types of plans for residents and businesses to satisfy a range of needs.

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Average cost of electricity in New York, New York

According to our data, the average electricity rate in New York is 31.33 cents per kWh. This equates to an average residential bill of $121.16 per month. Our data also shows the average resident in New York uses 387 kWh per month. Below, you can see how New York's electricity rates compare to the averages in New York and the United States.

	Rate	Usage	Bill
New York Average	31.33¢	387 kWh	$121.16
New York Average	22.89¢	638 kWh	$146.13
United States Average	16.29¢	744 kWh	$121.16

Since the average price is 31.33 cents per kWh or $121.16 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in New York, 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 New York 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 New York electricity providers

There are 46 electricity providers in New York, 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 New York

Provider	Service Type	Rate (¢/kWh)	Bill
EnergyMark	Energy	5.71	$41.51
Energy Coop of America	Energy	6.85	$291.32
NOCO Energy	Energy	7.23	$86.22
SmartEnergy Holdings	Energy	7.28	$37.86
Mirabito Energy	Energy	8.49	$133.45
New Wave Energy Corporation	Energy	9.81	$149.48
Marathon Energy	Energy	11.39	$311.74
Verde Energy	Energy	11.52	$81.89
Family Energy	Energy	11.57	$62.27
Major Energy Electric Services	Energy	12.09	$81.39

Showing 10 of 46 providers

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Business electricity rates in New York, NY

Commercial rates are typically cheaper than residential rates in New York, 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 New York pays 34.30 cents per kWh for electricity and has an average bill of $939.35 per month. They also use 2739 kWh per month, which is a big increase from the residential average of 387 kWh.

	Rate	Usage	Bill
New York Average	34.30¢	2739 kWh	$939.35
New York Average	19.83¢	2821 kWh	$559.27
United States Average	12.17¢	7720 kWh	$939.35

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 New York, 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 New York 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 New York, New York?

Timing your switch to a new energy provider in New York 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.

Compare electricity plans

Find the best electricity rates in your area

New York'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 New York, NY

Choosing your ideal electricity plan in New York 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 New York electricity rates

Compare New York electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 6 to 44 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.

Compare electricity plans

Find the best electricity rates in your area

Electricity rates for cities near New York, New York

Electricity rates for other cities

New York, NY electricity rate FAQs

What is a good rate per kWh in New York?

In New York, New York, a good electricity rate falls between 30 cents to 32 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 New York today?

New York electricity rates currently average 31.33 cents per kWh, but you'll likely pay between 29 to 33 cents depending on your provider, location, and plan type.

Why is electricity so expensive in New York, NY right now?

Your New York 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.