Compare electricity rates in New York City

New York City energy rates

New York City electricity rates as low as 6.99 cents/kilowatt hour in the Save On Energy marketplace.
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New York City is the most populous city in the United States, with a population of more than 8.4 million. 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 20 million people live in the New York City metropolitan area, it is easy to see why it needs a diverse selection of affordable and efficient energy providers for both residents and businesses. New York energy prices fluctuate greatly throughout the year. As an example, energy rates are usually the highest during the cold New York City winters. Check out New York City energy rates and natural gas plans to see what prices and options are currently available.

New York City energy deregulation

In years past, public utilities operated as monopolies, with a single company dominating the marketplace. This meant that the local utility company could set the market price for energy and force consumers to pay it. However, energy deregulation in New York has led to a slew of new energy providers, who give paying customers more choice. Since the energy market is now competitive, customers can select their energy supplier based on lowest price, length of contract, or availability of renewable energy sources. Furthermore, competition between different energy providers will help spur new technologies that will lead to better services for customers and lower prices.

New York City utility companies & energy providers

Prior to deregulation, the same utility company transmitted, distributed and sold energy to customers. However, while a single utility is still responsible for delivering the energy, deregulation has led to a number of independent energy companies who compete to sell energy plans to consumers. Consolidated Edison Co is the primary utility service in New York. It recently announced rate hikes for the next three years!

However, because of deregulation, residents of New York are not forced to have Consolidated Edison Co. provide their energy needs. Instead, there are a multitude of local energy suppliers for consumers to choose from. Examples of the top New York energy suppliers include North American Power and Frontier Utilities, both of which partner with Choose Energy.

New York City renewable energy

New York is leading the charge for green energy and is ranked fifth among all states in electricity generated by renewable energy. According to the Department of Environmental Conservation, 11 percent of the energy needs of New Yorkers is provided by renewable resources, like wind, water power, solar, geothermal and biomass. With the demand for green energy increasing daily, New York is quickly becoming one of the world’s first green cities. When it comes to green energy needs, New Yorkers have plenty of options to choose from. Consolidated Edison Co. has partnered with Oasis Energy and North American Power to provide residents with affordable and reliable New York green energy sources.