Electricity Rate in New York (2026): 28.55c/kWh Average

New York electricity averages 28.55 cents per kWh for residential customers as of March 2026, according to the EIA Electric Power Monthly. This is 9.99c above the US average of 18.56c/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: Consolidated Edison serves New York City and Westchester County as a regulated IOU (rate: ~26.87c/kWh), while National Grid serves upstate New York (rate: ~22.14c). 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 12.2% year-over-year as of March 2026. This compares to the US average increase of 8.6% over the same period.