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New York Electricity Rates

The State of New York became deregulated in 1996 after the New York State Public Service Commission (PSC) mandated utilities to unbundle electricity charges on customer bills.

The supply charge on electric bills is now separate from the delivery and transmission charges. This enables customers to shop around for the supply portion from various “retail electricity providers” in their service area – also known as “Energy Service Companies or ESCOs” in New York. These retail electricity providers compete with each other for customers, which results in companies offering lower rates and other incentives to switch.

New York customers may benefit through:

  •  Lower rates
  • Customized and flexible plans
    • Multiple contract durations (e.g., 3, 6, 12, or 18-month terms)
    • Fixed prices for the length of contract
    • Hybrid (fixed and variable) pricing for unusual electricity consumption
  • More innovative products and services
    • Multiple bill-pay options
    • Green/Renewable electricity options
    • Telephone bill bundling
    • Discounted repair services for furnaces

No matter where the electricity supply comes from, the local utility will continue to send the bill, charge for delivery and transmission, maintain the wires and poles, and respond to downed power lines and other emergencies. New York electric utilities include:

  • Bath Electric, Gas & Water Systems
  • Central Hudson Gas & Electric
  • Con Ed (Consolidated Edison)
  • Fishers Island Electric Corporation
  • New York State Electric & Gas Corp.
  • National Grid (Niagra Mohawk)
  • Orange & Rockland
  • Pennsylvania Electric Company
  • Rochester Gas & Electric
  • Various Municipal Utilities

How to Switch

According to New York’s PSC, there are over 240 retail electricity providers to choose from in the state. The amount of time it would take to research all suppliers and all electricity plans and rates in New York is incredibly unreasonable, so we’ve created a tool that does the most of the work for you.

To use this FREE tool, go to the right side of the page and type your zip code into the orange box. After you’ve selected your utility, you’ll be presented with the best rate plans from reliable providers in your area.

To compare energy provider rates with the rates you are being charged, find the “Price-to-Compare” on your most recent utility bill. This rate is expressed as “cents/kWh” (cents per kilowatt hour), and may look something like this: 9.016 cents/kWh.

In addition to rate pricing, look for other factors that may affect your decision. Contract durations, for instance, may last for 3, 6, 12, 18 or 24-month terms. Shorter terms may offer lower pricing, but longer terms may lock in low rates for extended periods (the choice is yours). Look for early termination fees and extra charges for using significantly more electricity than usual. Finally, look for other value-adding incentives to switch, such as multiple bill pay options, special rates for first-time customers, and renewable energy options.

Switching is fast and easy once you’ve selected the best provider for you. Simply gather your utility account information and enroll right here at electricityrates.com. The New York electricity provider’s customer service department will do all of the switching for you, so you won’t have to call your utility. You’ll start seeing charges for the new rate within one to two billing cycles.

If you are having trouble using our tool or have comments or questions, feel free to contact us or email us at support@electricityrates.com.

Click here to view The New York State Public Service Commission’s ESCO Consumers Bill of Rights in order to learn about your rights as an energy service company consumer.

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