Enter your zip code to compare Albany electricity rates and electric companies.
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By Thad Warren
This section highlights the average Albany electricity rates for residential and commercial customers.
New York energy deregulation began in 1999 with the founding of the New York Independent System Operator, NYISO. This organization is responsible for managing New York’s electric grid as well as the competitive marketplace. NYISO provides data and analysis pertaining to New York’s power system to ensure reliability and transparency.
The deregulated market opened energy supplier up to competition- forcing them to be more efficient as it relates to both service and price. Albany businesses of all sizes can compare energy plans from top energy suppliers and shop for the lowest electricity rates, taking advantage of the competitive market and managing their monthly electricity costs.
The PSC, or Public Service Commission of New York State, provides a variety of services to protect and assist utility customers. This includes service quality, competition, and metering for electricity. The PSC was created to assure the residents of New York State have adequate, efficient, reliable, and safe public utility services at a fair price.
In doing so, the PSC impacts every business in Albany – as it regulates all providers of utility services, including electric and natural gas companies, local and long-distance telephone companies, water companies, and steam generators. The PSC is responsible for ensuring that the utility companies regulated by the PSC are responsive to the needs and concerns of individual consumers and to the public.
As an Albany business owner, it is important to understand that the PSC is also synonymous with the “NYS Power to Choose” energy comparison charts.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Albany is North American Power and is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in New York, like Direct Energy and Frontier Energy are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.
Energy choice, also known as energy market deregulation, allows Albany business owners to select their energy supplier. Mount Vernon has been a deregulated market since May 1999.
Energy spend can be a significant line item on your businesses operating budget. In addition to investing in energy efficiency you can save money on your energy bills by shopping business energy suppliers and finding the lowest rate possible.
Energy pricing vary greatly based on how much energy your business uses, market conditions, and numerous other factors. It can get complex quickly.
You can quickly search energy rates for your business here. Our system combines market data and your business energy usage to find you the lowest rate possible.
Finding a new electricity provider in Albany is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Albany.
Enter your zip code at the top of this page and you can quickly see plans from the top Albany
electric
companies. For even better pricing use our data linking tool to pull in your historic usage from your
utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we
filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan
details.
This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Albany energy providers offer rates and plans with a range of options and terms. While you will see
many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
|
Provider
|
Term
|
Rate
|
|---|---|---|
|
12 months
|
7.70¢
|
|
|
6 months
|
7.80¢
|
|
|
24 months
|
8.00¢
|
|
|
6 months
|
8.10¢
|
|
|
12 months
|
8.10¢
|
Albany was first settled by the Dutch in 1624 and became the capital of New York in 1797.It is the third largest city in New York state with a population of 1.1 million. Albany is located on the west bank of the Hudson River approximately 135 miles north of NYC.
Albany is known for its rich history, commerce, culture, architecture, and institutions of higher education. Originally a center for trade and transportation, Albany has recently experienced growth in the technology industry, specifically in nanotechnology.
Home to New York’s Capital District, Albany’s economy is heavily dependent on government, health care, education, and technology. With its focus in tech, Albany is included in Tech Valley which spans the eastern part of New York State. Tech Valley has made great strides in the nanotechnology sector, digital electronics design, and microchip circuit manufacturing.
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