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New York Electricity Rates

Written by Michelle Honeyager/

Edited by Madison Khalil

Last updated 03/02/2022

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New York energy rates

If you live in New York, you’re entitled to choose your electricity provider and natural gas provider as part of the Empire State’s deregulated energy market. As a residential or business energy consumer, you can shop around to find the lowest New York electricity rates. 

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How to find the best electricity rates in New York

New York electricity rates may be different at certain points of the year. During the year, demand for energy, the season, and wholesale energy price changes can affect what consumers pay for energy. Check out what prices are doing in the SaveOnEnergy’s unaffiliated marketplace by:

  • Finding the best electricity rates in New York: Enter your ZIP code or call the number on the screen to get started today. Through the SaveOnEnergy marketplace, you’ll find a list of providers so you can compare electric rates in New York side by side. You can also use filters that help you find the best plans for you and your home.
  • Signing up only takes minutes: After you’ve found the best plan for your needs, you can sign up online. You might also call the number on your screen to go over the plan and get any questions you have answered. Sign up is easy and only takes a few minutes out of your day.
  • Enjoy that new energy plan: After you’ve signed up with your new plan, the energy provider takes care of the transfer of the service. Just sit back and enjoy the energy savings.  

Electricity rates in my area

It’s worth noting that different parts of New York could pay different rates, even with the same plan. Fees could differ because of items on the bill like utility transmission charges. That’s why it’s important to enter your ZIP code so that you can accurately compare electric rates in New York for your home.  Enter your ZIP code above, and then you can explore the local providers, their rates, and the types of plans that are available near you.

Moving to New York?

For people moving to New York, the SaveOnEnergy marketplace can help you understand New York electricity rates. Simply enter the ZIP code of your new residence above. Then, you can explore the best electricity rates in New York and choose the right plan for your needs.

SaveOnEnergy’s tips for easy electricity service setup

  • Don’t forget to read your plan’s Electricity Facts Label before signing up. It contains important information including:
    • Price per kilowatt-hour based on usage
    • % renewable energy sourcing
    • Early termination fees
  • Enjoy hassle-free supplier setup. Once your order has been confirmed, your new supplier will set up service with your utility, or transmission and distribution service provider (TDSP) – but don’t worry, there shouldn’t be any interruption to your power during the switch.
  • Understanding your electricity bill. Your local TDSP will still deliver your electricity and maintain electric infrastructure including meters and power lines. Your utility fees can be found as TDU or TDSP charges on your monthly bill. They are independent of your supplier rate.

Types of electric plans in New York

You have several options for electric plans in New York, each of which has positives and negatives. If you need help finding which plan will work for you, call the number on the screen and talk with an energy expert.

Fixed-rate plans in New York

Fixed-rate plans allow you to lock in the rate you pay for how long the contract runs, usually 12-36 months, depending on the contract terms. People like these plans because rates don’t change no matter what the wholesale energy prices are doing, leading to more predictability in their monthly budget. As a drawback, you could still see slight changes in your bill because other fees like taxes could change, and you’ll most likely have an early termination fee (ETF) if you can no longer stay in the contract.

Variable-rate plans in New York

With these types of plans, your monthly rates actually change to match where wholesale energy prices are sitting. People like these plans because they can save if wholesale energy prices dip lower, but you’re also paying more if energy prices jump. However, contracts for these plans have more flexible terms that often let you leave the contract at any time.

No deposit and prepaid energy plans in New York

If your credit score is below a certain threshold, you could end up having to pay a deposit before service begins. No-deposit plans can help you avoid that extra fee. You can find these types of plans on the SaveOnEnergy marketplace by entering your ZIP code. One common type of no-deposit plan is the prepaid plan, where your energy bill payments get drawn down from an account you put money into.

Green energy plans in New York

Green energy is getting more popular in New York. Between 2019 and 2020, New York saw an increase in solar power generation. If being green is important to you and you want a renewable energy plan, simply enter your ZIP code above and then filter for renewable energy plans.

Business energy plans in New York

Businesses can also choose new energy providers, thanks to deregulation. To learn more about commercial plans, go to our business energy page or call the number on your screen.

You have several options for electric plans in New York, each of which has positives and negatives. If you need help finding which plan will work for you, call the number on the screen and talk with an energy expert.

Cheap energy prices in New York

New York electricity rates tend to change based on what season it is. More extreme temperatures affect energy demand. You might try looking for rates when there is less demand, like spring or fall, which could yield better rates.

To find cheap electricity in New York, make a habit of checking back with the SaveOnEnergy marketplace to find what rates are doing throughout the year. That way, you can get the best plans for your energy needs.

Energy providers and utility companies in New York

There are a handful of utility companies in New York, including Con EdisonNational Grid, and Rochester Gas & Electric. Your utility is assigned based on where you live and is the company that’s responsible for maintaining power lines and tending to power outages. You can’t choose your utility company.

However, you’re entitled to compare plans from New York electricity providers and select the right one for you. Some of the most well-known suppliers in New York include Clearview EnergyConstellation Energy, and Verde Energy.

Contact your New York utility company

Are you experiencing a power outage or other electrical issue? Follow the links below to contact your utility:

Not sure what kind of energy plan will work for your home?

Take a look at our guides that can help you find the best plans for your home, such as no-deposit planssolar energy, or energy-saving tips. Many plans base their rates off of usage tiers, so how much electricity you use each month can affect your rates. Take a look at the SaveOnEnergy usage calculator to help determine how much energy you use, which can help you understand which plans are right for you and what your New York electricity rates will look like.

New York energy FAQs

  • New York does have a deregulated natural gas market. You can learn more in our guide on natural gas.

  • That will depend on what you are looking for in a plan and what plans are available near you. For instance, if you search for plans in your area and you value green energy, it might turn out that a provider like Clearview Energy is your best bet, as this provider offers 100% green energy. That’s just one example.

  • You’ve probably heard about tips like turning your thermostat down, using Energy Star appliances, and fixing any air leaks in your home. You can also save through the SaveOnEnergy marketplace, as you can use this tool to see what rates are doing throughout the year and snag the lowest ones. Picking a plan couldn’t be easier.   

  • Which plan works for you can depend on factors like your energy usage, whether you prefer fixed or variable-rate plans, and even what your credit score is. As an example, you might want a no-deposit plan if your credit score does not meet thresholds to avoid a deposit before service begins. Fixed plans work for people who have strict monthly budgets. For those who have wiggle room in their monthly budget and like the chance to save when wholesale energy costs are lower, they might like variable-rate plans. You might also check into renewable plans if going green is a priority.

Ready to shop for an energy plan? Let’s get you taken care of. Call:

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