Compare Palmyra, NY electricity rates and plans (October 2025)

Palmyra electricity rates vary, but the average residential rate is around 14.42 cents per kWh, with a monthly bill averaging $101.02.

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Brogan Woodburn

Last updated: Oct 1, 2025

Fact checked by: Alex Zdanov

What to know about electricity rates in Palmyra, NY

Palmyra residents pay 14.42 cents per kWh while the average national rate is 16.22 cents
The cheapest electricity rate is 5.82 cents per kWh for Palmyra residents
You can shop rates from 45 available providers in Palmyra

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Best Palmyra, NY electricity rates

In the city of Palmyra, you can find electricity rates that range from 5.82 cents to 45.25 cents per kWh. The best electricity plans in Palmyra 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 Palmyra.

What is the cheapest electricity company in Palmyra, 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, Palmyra 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. Palmyra 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 Palmyra, New York

According to our data, the average electricity rate in Palmyra is 14.42 cents per kWh. This equates to an average residential bill of $101.02 per month. Our data also shows the average resident in Palmyra uses 701 kWh per month. Below, you can see how Palmyra's electricity rates compare to the averages in New York and the United States.

	Rate	Usage	Bill
Palmyra Average	14.42¢	701 kWh	$101.02
New York Average	22.66¢	639 kWh	$144.84
United States Average	16.22¢	623 kWh	$101.02

Since the average price is 14.42 cents per kWh or $101.02 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Palmyra, 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 Palmyra 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 Palmyra electricity providers

There are 45 electricity providers in Palmyra, 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 Palmyra

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

Showing 10 of 45 providers

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Business electricity rates in Palmyra, NY

Commercial rates are typically cheaper than residential rates in Palmyra, 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 Palmyra pays 9.56 cents per kWh for electricity and has an average bill of $554.07 per month. They also use 5798 kWh per month, which is a big increase from the residential average of 701 kWh.

	Rate	Usage	Bill
Palmyra Average	9.56¢	5798 kWh	$554.07
New York Average	19.67¢	2814 kWh	$553.34
United States Average	12.14¢	4563 kWh	$554.07

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 Palmyra, 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 Palmyra 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 Palmyra, New York?

Timing your switch to a new energy provider in Palmyra 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

Palmyra'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 Palmyra, NY

Choosing your ideal electricity plan in Palmyra 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 Palmyra electricity rates

Compare Palmyra 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.

Compare electricity plans

Find the best electricity rates in your area

Electricity rates for cities near Palmyra, New York

Electricity rates for other cities

Palmyra, NY electricity rate FAQs

What is a good rate per kWh in Palmyra?

In Palmyra, 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 Palmyra today?

Palmyra electricity rates currently average 14.42 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 Palmyra, NY right now?

Your Palmyra 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.