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Energy Profile

Electricity Cost in New York

The residential electricity rate in New York is 26.39¢ per kilowatt-hour (kWh), ranking #45 cheapest among all 51 US states. The national average is 17.92¢/kWh, making New York 47% above average.

Reviewed by EnergyProfile Editorial Team · Updated

26.39¢

Residential

#45

Price Rank

30.0%

Renewable

Residential Rate26.39¢/kWh
Commercial Rate21.07¢/kWh
Industrial Rate9.55¢/kWh
US Average (Residential)17.92¢/kWh
Full New York Energy Profile →Estimate Your Bill

At 26.39¢/kWh, residential electricity in New York is 47% above the U.S. average of 17.92¢/kWh — the 7th most expensive residential rate among 51 states and territories.

Across rate classes, commercial customers pay 21.07¢/kWh and industrial customers 9.55¢/kWh — a 11.52¢/kWh gap that reflects the volume discounts large industrial loads receive. Renewables account for 30.0% of generation in New York (19th highest nationally). The largest single source is natural gas at 48.3%, followed by hydroelectric at 21.7%.

In 2024, New York generated about 129,015 GWh of electricity in total.

Source: U.S. Energy Information Administration, 2026.