Electricity Rates in New York (2026)

New York Average Residential Rate
22.87¢
per kWh
36.8% above national average

National average: 16.72¢/kWh · Source: EIA, January 2026

New York's Rates Vary Dramatically by Region

The state average of 22.87 cents/kWh masks enormous regional variation. New York City and Long Island (served by Con Edison and PSEG-LI) pay 25-35 cents/kWh, while upstate New York (served by National Grid, NYSEG, and others) pays 15-20 cents/kWh. The downstate premium reflects high distribution costs in a dense urban environment, expensive underground infrastructure, and higher demand.

New York Is Betting Big on Offshore Wind and Clean Energy

New York's Climate Leadership and Community Protection Act requires 70% renewable electricity by 2030 and zero-emission electricity by 2040. The state is contracting for massive offshore wind farms (Sunrise Wind, Empire Wind) and investing in solar, battery storage, and transmission upgrades. These investments will reshape New York's energy landscape but will add to rates in the near term.

Calculate Any Appliance Cost in New York

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Most Expensive Appliances to Run in New York

Monthly costs at 22.87¢/kWh using typical wattage and hours:

Appliance Watts Hrs/Day Monthly Cost
Tankless Water Heater 27000W 1h $185.25
Electric Furnace 10000W 8h $548.88
Electric Car Charger (Level 2) 7200W 4h $197.6
Hot Tub 6000W 4h $164.66
Clothes Dryer 5000W 1h $34.31
Electric Water Heater 4500W 3h $92.62
Garage Workshop Heater 4000W 4h $109.78
Central Air Conditioner 3500W 8h $192.11
Electric Oven 2500W 1h $17.15
Dishwasher 1800W 1h $12.35
Hair Dryer 1800W 0.15h $1.85
Electric Pressure Washer 1800W 0.5h $6.17
Space Heater 1500W 8h $82.33
Electric Baseboard Heater 1500W 8h $82.33
Infrared Heater 1500W 6h $61.75

View all 85+ appliances

Tips for Reducing Your Electricity Bill in New York

  • New York allows retail electricity choice statewide. Compare rates on your utility's website or the PSC's Power to Choose site.
  • NYSERDA (nyserda.ny.gov) offers extensive incentives for heat pumps, insulation, solar, and EV charging. Their programs are among the most generous in the nation.
  • If you live in New York City, Con Edison's rates are among the highest in the country. Every efficiency improvement (LED bulbs, smart thermostat, efficient appliances) saves more here than almost anywhere else.
  • Upstate New York benefits from hydroelectric power (Niagara Falls and St. Lawrence) which keeps wholesale costs lower than downstate.

Frequently Asked Questions About New York Electricity

Downstate New York (NYC, Long Island, Westchester) has some of the highest rates in the country due to expensive underground distribution infrastructure, high land and labor costs, congested transmission, and dense urban demand. Upstate New York has lower rates thanks to hydroelectric generation and less expensive infrastructure. The state average blends these very different markets.

Statewide average is about $140-$175 per month, but this varies dramatically. A Manhattan apartment might pay $80-$120 (small space, gas heating) while a suburban Long Island home might pay $200-$350 (larger home, central AC, electric heat). Upstate homes typically pay $100-$150.

Compare Neighboring Rates

See how New York compares to other states in the Mid-Atlantic region:

Electricity rate data sourced from the U.S. Energy Information Administration (EIA), average residential retail price, last updated January 2026. Your actual rate depends on your utility, plan, and usage tier. See our full disclaimer.