Compare electricity rates in New York City

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New York City energy rates

With more than 8.3 million people, New York City is the most populous city in the United States and accounts for 43% of the residents of the state of New York. It’s considered one of the world’s most powerful cities and has a significant impact on commerce, finance, fashion, technology, media, and entertainment. Given that more than 19 million people live in the New York City metropolitan area, it’s easy to see why it needs a diverse selection of affordable and efficient New York City electricity rates for residents and businesses.

The energy industry in the state of New York is deregulated, which means residents have the ability to shop for electricity providers in NYC and find the best electric rates. Choose Energy offers a no-cost online marketplace where we can help you compare electricity rates in NYC to find the best plan for you. Simply enter your zip code to find available plans in your area.

 

New York City energy deregulation

In years past, public utilities operated as monopolies, with just one company serving an entire region. With no competition, the local utility company was free to set the price for NYC electricity and consumers had no choice but to pay it. However, in 1996, the state of New York deregulated the energy industry, giving residents the opportunity to find the cheapest energy supplier in NYC. 

There are now many energy providers, which gives customers the power to choose their electricity provider in NYC based on rates, length of contract, or availability of renewable energy sources.

The state of New York is one of the country’s leaders in a couple of categories:

 Choose Energy can help you select your electricity provider in NYC. In addition to our free online comparison tool, we have many resources you can review to find out what you need to know to make your decision. A few of our resources include:

 Once you’re ready to compare electricity rates in NYC, simply your zip code.

 

New York City utility companies & energy providers

There is one utility company serving the NYC area. This company’s role is to maintain the power grid, restore any power outages and deliver your electricity to your house. This is not the company you’re purchasing your electricity from. The utility serving NYC is Consolidated Edison Company (ConEd).

There are several electricity providers in NYC you can choose from. Once you use the Choose Energy online marketplace to compare electricity rates in NYC, you can select the company you want supplying your electricity. A few of the companies providing electricity to NYC include Clearview Energy, Constellation and Verde Energy USA.

New York City renewable energy

In 2019, the state of New York produced more electricity from hydroelectric power than any state east of the Rocky Mountains and ranked third overall in the country. Almost 30% of the state’s electricity comes from renewable sources including wind, water power, solar, geothermal and biomass (renewable energy from plants and animals). The state’s Clean Energy Standard set a goal of producing 100% carbon free electricity by 2040. Clearview Energy, Constellation and Verde Energy USA all offer green energy options.

To check for renewable energy plans and rates, enter your zip code above and Choose Energy will bring up a list of available plans.

New York City energy for business

Beyond helping you find the best residential rates, Choose Energy can help your business find the best electric plans and prices. Complete this form or call 877-800-4044 to talk with one of our energy experts about customizing an energy plan for your business.

 

Updated: 10/30/20