Home / New York

New York Electricity Prices

Average retail price by sector. Latest data: May 2026.

Residential
29.93¢ /kWh
12.1%vs. last year
Commercial
22.40¢ /kWh
15.0%vs. last year
Industrial
9.55¢ /kWh
12.8%vs. last year

Average monthly bill

Full bill breakdown →
$164per month 10.8% vs. the year before

27.73¢/kWh × 590 kWh a month. Residential revenue divided by residential customers, averaged over the 12 months to May 2026 — the 16th highest among the 50 states and DC.

Compared with the U.S. and neighboring states

Average monthly residential electricity bill, in US dollars
New York
$164
U.S. average
$155
Connecticut
$203
Massachusetts
$183
Pennsylvania
$172
New Jersey
$160
Vermont
$140

New York is $8 a month above (+5.3%) the U.S. average of $155. Average monthly bill, June 2025 – May 2026.

How New York makes its electricity

Fuel mix & 10-year trend →Power plants →
Renewable
29.0%
Carbon-free
49.5%
Largest source
Natural gas 48%
New York electricity generation by source, June 2025 – May 2026
SourceShareGeneration
Natural gas48.3%64,920 GWh
Coal0.0%0 GWh
Nuclear20.6%27,655 GWh
Wind4.9%6,573 GWh
Solar4.1%5,556 GWh
Hydro18.9%25,407 GWh
Other3.2%4,328 GWh

134.4 TWh of net generation over the 12 months to May 2026. Generation, not consumption — power crosses state lines.

New York electricity prices in context

New York's residential electricity rate stood at 29.93¢/kWh in May 2026, the third most expensive among the 50 states and DC. This was 62.3% higher than the national average of 18.44¢/kWh, a difference of 11.49¢/kWh. Among bordering states, only Massachusetts at 28.82¢/kWh came close; Connecticut followed at 27.37¢/kWh, while Vermont, New Jersey, and Pennsylvania ranged from 24.89¢/kWh down to 21.55¢/kWh.

The rate has climbed sharply in recent years. Since May 2021, it has risen 50.2% from 19.93¢/kWh. Over the longer term, the increase has been even steeper: a 80.7% rise since May 2006 and 115.5% since January 2001, when the rate was 13.89¢/kWh. In February 2026, the rate briefly reached 29.99¢/kWh, just shy of its record. The lowest rate on record came in April 2002 at 12.69¢/kWh.

A typical household paid $164 per month in May 2026 while using 590 kWh. The national average bill was $155 for 871 kWh, so despite the higher rate New York's monthly bill exceeded the national figure by $9, offset by lower usage per household. Commercial and industrial rates in the state stood at 22.40¢/kWh and 9.55¢/kWh respectively.

Written from the EIA figures on this page, covering data through May 2026.

12-month trend

ResidentialCommercialIndustrial
6.9¢13¢19¢26¢32¢Jun '25Sep '25Dec '25Feb '26May '26ResidentialCommercialIndustrial

Residential history since 2001

11¢16¢21¢26¢31¢Jan '01May '07Sep '13Jan '20May '26
Jan '01
13.89¢
Now
29.93¢
Change
115.5%
Range
12.6929.99¢

Recent months

MonthResidentialCommercialIndustrial
May 202629.9322.409.55
April 202629.4521.888.62
March 202628.5522.218.73
February 202629.9923.4910.92
January 202628.3722.2812.81
December 202527.3920.6110.44
November 202526.4219.818.95
October 202526.9520.829.23
September 202527.2322.738.91
August 202526.6722.439.93
July 202526.2223.0510.06
June 202526.5522.009.21

Prices in ¢/kWh.

Frequently asked questions

How much does electricity cost in New York?
Residential electricity in New York costs 29.93¢ per kilowatt-hour as of May 2026, the 3rd highest rate among the 50 states and DC. Commercial customers pay 22.40¢ and industrial customers 9.55¢ per kilowatt-hour.
Why is electricity expensive in New York?
New York's residential rate of 29.93¢/kWh is +67.8% versus the U.S. average of 17.84¢/kWh. What a household actually pays also depends on how much it uses: the typical New York home consumes 590 kWh a month against a national average of 871 kWh, which is why its average bill comes to $164.
Have electricity prices in New York gone up?
Residential electricity in New York has moved +115.5% since 2001, reaching 29.93¢/kWh in May 2026. Over the last year alone the change was +12.1%.
Is electricity cheaper in states neighboring New York?
Of the states bordering New York, Vermont has the lowest average monthly bill at $140 and Connecticut the highest at $203. New York averages $164 a month, against a U.S. average of $155.