What to know about electricity rates in Penn Yan, NY

  • Penn Yan residents pay 5.57 cents per kWh while the average national rate is 16.22 cents
  • The cheapest electricity rate is 4.62 cents per kWh for Penn Yan residents
  • You can shop rates from 46 available providers in Penn Yan

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Best Penn Yan, NY electricity rates

In the city of Penn Yan, you can find electricity rates that range from 4.62 cents to 45.25 cents per kWh. The best electricity plans in Penn Yan 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 Penn Yan.

What is the cheapest electricity company in Penn Yan, NY?

Provider Service Rate (¢/kWh)
Penn Yan, New York Electric Utility Bundled 4.52
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

Because New York has a deregulated electricity market, Penn Yan 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. Penn Yan 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 Penn Yan, New York

According to our data, the average electricity rate in Penn Yan is 5.57 cents per kWh. This equates to an average residential bill of $51.27 per month. Our data also shows the average resident in Penn Yan uses 921 kWh per month. Below, you can see how Penn Yan's electricity rates compare to the averages in New York and the United States.

Rate Usage Bill
Penn Yan Average 5.57¢ 921 kWh $51.27
New York Average 22.66¢ 2,601 kWh $144.84
United States Average 16.22¢ 884 kWh $143.38

Since the average price is 5.57 cents per kWh or $51.27 per month for residential electricity, prices lower than these can be considered affordable. Electricity rates in Penn Yan, 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 Penn Yan 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 Penn Yan electricity providers

There are 46 electricity providers in Penn Yan, 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 Penn Yan

Provider Service Type Rate (¢/kWh) Bill
Penn Yan, New York Electric Utility Bundled 4.52 $45.21
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
Showing 10 of 46 providers

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Business electricity rates in Penn Yan, NY

Commercial rates are typically cheaper than residential rates in Penn Yan, 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 Penn Yan pays 7.48 cents per kWh for electricity and has an average bill of $13,814 per month. They also use 1,846 kWh per month, which is a big increase from the residential average of 921 kWh.

Rate Usage Bill
Penn Yan Average 7.48¢ 1,846 kWh $138.14
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 Penn Yan, 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 Penn Yan 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 Penn Yan, New York?

Timing your switch to a new energy provider in Penn Yan 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.

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Penn Yan'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 Penn Yan, NY

Choosing your ideal electricity plan in Penn Yan 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 Penn Yan electricity rates

Compare Penn Yan electricity rates to save money and avoid overpaying in the deregulated market. Bills can vary greatly, with rates between 5 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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Electricity rates for cities near Penn Yan, New York

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Penn Yan, NY electricity rate FAQs

What is a good rate per kWh in Penn Yan?

In Penn Yan, New York, a good electricity rate falls between 5 cents to 7 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 Penn Yan today?

Penn Yan electricity rates currently average 5.57 cents per kWh, but you'll likely pay between 4 to 8 cents depending on your provider, location, and plan type.

Why is electricity so expensive in Penn Yan, NY right now?

Your Penn Yan 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.