Independent rate reference - not affiliated with any utility or energy supplier. Data: EIA Electric Power Monthly, May 2026.Full disclaimer
ElectricityRatePerKWh

Electricity Rate in New York (2026): 29.93c/kWh Average

The EIA residential electricity price in New York is 29.93 cents per kWh as of May 2026, 11.49c above the US average of 18.44c/kWh. The New York commercial rate is 22.40c/kWh and the industrial rate is 9.55c/kWh (EIA Electric Power Monthly, Table 5.6.A).

Residential Rate
29.93¢
per kWh
vs US Avg
+62%
11.49c above
Avg Monthly Bill
$154
584 kWh
Provider Choice
Yes
Can switch suppliers

New York Electricity Rate: What You Need to Know

New York electricity averages 29.93 cents per kWh for residential customers as of May 2026, according to the EIA Electric Power Monthly. This is 11.49c above the US average of 18.44c/kWh. The average monthly bill for New York households is $154 based on typical usage of 584 kWh.

New York has a split market structure and a statewide average of 29.93c/kWh (May 2026): Consolidated Edison serves New York City and Westchester County as a regulated IOU, where downstate transmission constraints push residential rates among the highest in the state, while National Grid serves upstate New York at meaningfully lower rates. Both are deregulated in the sense that retail choice is available through ESCOs (Energy Service Companies) regulated by the NY PSC, but most New Yorkers remain on their default utility supply because ESCO pricing has historically not been consistently competitive. The NYISO capacity market clears at elevated prices, particularly in the NYC downstate area where transmission constraints drive capacity costs higher. ConEd's 2025 rate case secured approval for $1.2B in transmission and distribution capex for grid hardening and EV charging infrastructure - costs that flow directly to residential bills.

Generation mix: Natural gas 35%, hydro 25%, nuclear 20%, renewables 20%. The fuel mix is a primary driver of electricity rates - states with abundant hydro or nuclear tend to have lower rates, while states dependent on imported petroleum (Hawaii) or natural gas pay more.

Year-over-year change: New York rates rose 12.1% year-over-year as of May 2026. This compares to the US average increase of 6.2% over the same period.

Deregulated: You Can Shop for a Better Rate

ConEd and National Grid Upstate default; retail choice via NY State PSC - most NYers stay on default utility supply

How to shop for a better rate ->

Your New York Electricity Bill Components

Energy charge (584 kWh x 29.93c)$174.79
Fixed customer charge (estimated)~$10.00
Estimated monthly total$184.79
New York Rate by Sector - May 2026
Residential (US 18.44c)29.93c
Commercial (US 13.54c)22.40c
Industrial (US 8.71c)9.55c
Source: EIA Electric Power Monthly, Table 5.6.A.
Dominant Utility
ConEd (downstate) / National Grid (upstate)
View utility detail ->
Adjacent States
Vermont24.89c
Massachusetts28.82c
Connecticut27.37c
New Jersey23.27c
Calculate Your NY Bill

State pre-selected in our full bill calculator with TOU and commercial modes.

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New York Electricity: Frequently Asked Questions

What is the electricity rate in New York in 2026?+
The average residential electricity rate in New York is 29.93 cents per kWh as of May 2026, according to the EIA Electric Power Monthly. This is 11.49c above the US average of 18.44c/kWh (+62%). The average monthly electricity bill in New York is approximately $154 based on 584 kWh typical monthly usage.
What is the commercial electricity rate in New York?+
The average commercial electricity rate in New York is 22.40 cents per kWh as of May 2026, according to the EIA Electric Power Monthly (Table 5.6.A). That compares with the US commercial average of 13.54c/kWh. Commercial rates apply to businesses, offices, schools, and retail. They are usually lower per kWh than residential rates, but a commercial bill can still be much larger because of higher volume and demand charges.
What is the industrial electricity rate in New York?+
The average industrial electricity rate in New York is 9.55 cents per kWh as of May 2026, according to the EIA Electric Power Monthly (Table 5.6.A), versus a US industrial average of 8.71c/kWh. Industrial customers such as factories, manufacturers, and large facilities pay the lowest per-kWh price of the three EIA sectors because they buy power at high volume, often at higher voltage, under demand-based rate structures.
Can I switch electricity providers in New York?+
Yes - New York is a deregulated state. ConEd and National Grid Upstate default; retail choice via NY State PSC - most NYers stay on default utility supply The local utility (ConEd (downstate) / National Grid (upstate)) still delivers the electricity; only the generation/supply charge is competitive.
What is the average monthly electricity bill in New York?+
The average New York household uses approximately 584 kWh per month. At 29.93c/kWh plus approximately $10 in fixed charges, the average monthly bill is $154. This varies by season (higher in summer for cooling-dominant states like Florida, higher in winter for heating-dominant states).
What is the primary electricity source in New York?+
New York's generation mix is primarily Natural gas 35%, hydro 25%, nuclear 20%, renewables 20%. This fuel mix is a key factor in the state's electricity rate - states relying on hydro or nuclear typically have lower rates, while states heavily dependent on natural gas or petroleum (like Hawaii) face higher costs.
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