New York Electricity Prices

New York's residential electricity rate stands at 28.65¢/kWh as of August 2026, making it the sixth most expensive among the 50 states and DC. The state's rate runs 10.49¢/kWh above the national average of 18.16¢/kWh, or 57.7% higher. Among bordering states, only Massachusetts exceeds New York at 30.48¢/kWh, while New Jersey at 24.61¢/kWh, Connecticut at 24.51¢/kWh, Vermont at 23.84¢/kWh, and Pennsylvania at 21.77¢/kWh all fall below it. Commercial and industrial rates are 23.06¢/kWh and 10.54¢/kWh respectively.

Over the past five years since August 2021, the residential rate has climbed 43.5%, rising from 19.97¢/kWh. The longer twenty-year view since August 2006 shows a 61.5% increase from 17.74¢/kWh. Since January 2001, when records began, the rate has more than doubled, up 106.3% from 13.89¢/kWh. The rate peaked at 29.99¢/kWh in February 2026 and has never fallen below 12.69¢/kWh, which occurred in April 2002. Year over year through August 2026, rates rose 7.4%.

The average monthly residential bill in New York is $168 on usage of 587 kWh, compared with the national average bill of $158 on 876 kWh per month. Though New York's rate substantially exceeds the national average, its monthly usage runs considerably lower, pulling the bill slightly higher overall. This pattern reflects how higher prices and lower consumption interact to shape the actual cost households face.