Compare electricity rates in New York by entering your zip code. Find the best energy plans and providers in your area.
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By Thad Warren
This section highlights the average New York electricity rates for residential and commercial customers.
New York is our country’s fourth-most-populous state, offering residents and businesses the best of both city life and expansive rural areas. This beautiful state showcases rolling agricultural land and rugged mountains, with Atlantic shorelines, two Great Lakes, and the Niagra River’s massive falls.
Residents and business owners might not seem to have a lot in common, but they share the power of energy choice. EnergyBot can help consumers from all over the state take advantage of deregulated energy markets and find the lowest New York energy rates available.
Electric companies in New York offer a variety of energy plans, including no-deposit and prepaid plans, as well as tiered rate structures and time-of-use rate plans to meet different consumer needs. However, it's important to remember that residential customers typically face higher electricity rates compared to businesses, reflecting the differences in consumption and costs between types of consumers.
EnergyBot helps you find the best energy rates in New York by allowing you to easily compare plans from the state's top energy providers. Our easy comparison tool gives you all the information you need to make an informed decision and switch to a new plan that helps you save. We'll include details like rates, contract terms, green ratings and whether or not the plan is a good match for your needs.
Our listings are updated daily, so you can be sure you're always getting the most current rates.
Energy for Small Businesses
New York is home to an estimated 3 million small businesses, which make up 99% of the total business in the state. These companies play a major role in the state’s economy by employing more than half the workforce in a wide range of industries. The top small business industries in New York include:
Energy spending can account for a significant part of the expenses required in a commercial operating budget, but businesses of all sizes can save on energy by comparing rates with EnergyBot. We’ll help you find the lowest rates from top providers in your area so that you can invest in other parts of your business. You can save even more by comparing and switching annually to ensure you always have the best rate.
If your business requires more energy than the average consumer or uses power inconsistently, you can use EnergyBot to request free custom quotes from energy providers. When you request a quote, providers will complete a comprehensive review of your energy usage and develop a plan with rates designed specifically to meet your needs.
In 1998, New York became one of 16 states to deregulate its energy market. Before deregulation, the state’s energy market was saturated by local utility monopolies that controlled every aspect of power generation, processing, delivery and maintenance. There was almost no competition, and these monopolies were uninterested in improving their services or managing costs because consumers had little choice.
Deregulating the energy market allowed New York to break up these monopolies, separating energy distribution from its sale. With this separation, New York utility rates would stay stable, and emerging new energy providers would have to compete for consumers, driving rates lower and inspiring more customer-centric service plans.
New York’s deregulated energy market gives residents the power to choose their energy service company (ESCO) and energy supplier, allowing consumers to shop for the prices and plans that most closely meet their needs. At EnergyBot, we’ll help you navigate the complications of the energy market and make it easy to directly compare prices from the state’s top providers so you can find the best rates.
Since New York's energy market became deregulated, public utilities and energy providers have been separate entities with different roles in getting you the energy you need for your home or business.
Utility companies are responsible for operating and maintaining the state's energy infrastructure, including wires and towers. These entities transport the electricity from the generators to your home through your power lines. New York local utility companies include Con Ed, Central Hudson, New York State Electric and Gas, and PSEG Long Island.
Energy providers purchase energy from the generators and resell it to consumers in New York, offering low rates and different plans to attract customers. Essentially, you have the power to choose which supplier will give your utility company the energy they deliver to your home.
New York has a deregulated energy market, which means that you have the power to choose your electricity provider. Here are some of the top electricity providers in New York:
When choosing an electricity provider, it’s essential to compare rates, plans, and services to find the best option for your needs. Here are some factors to consider:
When choosing an electricity provider, be sure to consider your energy usage, budget, and preferences to find the best option for your needs. It's also wise to keep in mind other factors, such as early termination fees and time-dependent pricing that alters price per kWh based on peak hours. By comparing the average electric rate, renewable energy options, and customer reviews, you can make an informed decision that helps you save on your electricity bill.
The geography of New York state makes it perfect for producing renewable energy, including generation by hydropower, wind and biomass. New York is ranked fifth in the amount of energy it generates from renewable sources, emphasizing hydroelectric power.
In 2020, hydroelectricity generation alone supplied about three-tenths of the state’s utility-scale net generation thanks to the Robert Moses Niagra hydroelectric power plant near Niagra Falls. Green energy plans can support renewable energy sources like solar panels, providing an accessible alternative to individuals who may not want to invest in solar panel installation, helping to lower carbon footprints and pollution associated with energy consumption.
When you search for providers with EnergyBot, we’ll let you know how much of each provider’s energy comes from renewable resources. New York consumers will have even more options for green energy in the coming years, as the state’s Clean Energy Standard (CES) will require electricity providers to have 70% renewable electricity by 2030 and 100% carbon-free electricity by 2040.
One of the biggest concerns for New York residents is managing their monthly electric bill. With the power to choose, New Yorkers can take several steps to reduce their energy costs. By selecting energy-efficient appliances, making small adjustments in energy usage, and comparing rates regularly, homeowners can see significant savings. EnergyBot helps residential consumers easily compare the best rates and plans to ensure they are paying as little as possible for their electricity. With green energy options and fixed-rate plans, you can even make your home more environmentally friendly while locking in predictable rates.
Electricity rates in New York are influenced by a variety of factors, including the cost of generating electricity, transmission and distribution costs, taxes, and the type of energy source used. Understanding these factors can help you make informed decisions about your energy usage and choose the best electricity provider for your needs.
Energy rates are determined by a combination of factors, including:
By understanding these factors, you can better navigate the complexities of New York’s electricity market and make choices that align with your budget and energy needs.
At EnergyBot, we’re dedicated to helping you understand the complexities of New York’s deregulated energy market. We give you the tools you need to find the best rates on electricity and switch plans to save fast. In fact, the average EnergyBot user saves approximately 20% on their monthly electricity bills by switching.
Start saving today by entering your zip code in our search tool and answering a few questions about your energy usage. We’ll compile a list instantly so that you can compare the options and switch to a new plan.
If you have any questions about New York’s deregulated market or our comparison tools, we’d be happy to help. Get in touch with our team online, or give us a call at 888-743-1870.
The average business electricity rate in New York is around 10-11 cents per kilowatt-hour (kWh), but rates vary based on location, energy usage, and provider.
To compare New York business electricity rates, use a comparison tool like EnergyBot, where you can enter your location and energy requirements to see available rates from different providers.
Yes, New York has a deregulated electricity market, allowing businesses and residents to choose their electricity supplier while the local utility handles delivery and maintenance.
Business electricity rates in New York are influenced by factors such as energy usage, market demand, contract terms, and geographical location.
To switch electricity providers in New York, compare available rates from different providers, select a plan, and sign a new contract. Your local utility will continue to deliver the electricity without any interruption.
