Electricity Rates in New York City, NY
Consolidated Edison Co-NY Inc residential rate
35.66¢/kWh
25.7% above the New York average of 28.37¢
Source: EIA, 2024 annual data · Consolidated Edison Co-NY Inc serves 2715069 residential customers
What Does Electricity Cost in New York City?
If you're a Consolidated Edison Co-NY Inc customer in New York City, you pay an average of 35.66 cents per kilowatt-hour for residential electricity. That's notably higher than the New York state average of 28.37 cents, which means your appliances cost more to run than most people in your state.
Here's what that rate means in real dollars for common household appliances:
Monthly Appliance Costs at New York City's Rate
| Appliance | Typical Use | Monthly Cost in New York City |
|---|---|---|
| Space Heater | 8 hrs/day | $128.38 |
| Central Air Conditioner | 8 hrs/day | $299.54 |
| Refrigerator | 24 hrs/day | $46.22 |
| Dishwasher | 1 hrs/day | $19.26 |
| Electric Oven | 1 hrs/day | $26.74 |
| Clothes Washer | 1 hrs/day | $5.35 |
| Clothes Dryer | 1 hrs/day | $53.49 |
| 50-Inch LED TV | 5 hrs/day | $5.35 |
| LED Light Bulb | 6 hrs/day | $0.64 |
| Electric Water Heater | 3 hrs/day | $144.42 |
For a complete list of appliance costs at your rate, use the appliance cost calculator with New York selected.
New York City vs. New York Average
New York's average residential rate is 28.37 cents per kWh, but that average includes every utility in the state. Your actual cost depends on which utility serves your address.
| New York City (Consolidated Edison Co-NY Inc) | New York Average | |
|---|---|---|
| Rate per kWh | 35.66¢ | 28.37¢ |
| Est. monthly bill (886 kWh) | $316 | $251 |
| Est. annual cost | $3791 | $3016 |
Based on the national average household consumption of 886 kWh/month. Your actual bill depends on your home's size, insulation, appliances, and habits. Use the bill estimator to get a more personalized estimate.
Calculate Your Cost in New York City
Tips for Lowering Your Bill in New York City
No matter what rate you pay, the biggest savings come from the biggest consumers. Heating and cooling account for nearly half the average electric bill, so start there.
- Set your thermostat to 68F in winter and 78F in summer. Each degree of adjustment saves about 3-5% on heating/cooling costs.
- Check your HVAC filter monthly. A dirty filter makes the system work harder, costing you $5-$15/month in wasted electricity.
- If your water heater is set above 120F, lower it. Each 10-degree reduction saves 3-5% on water heating costs.
- Switch any remaining incandescent bulbs to LED. Each bulb saves about $7/year.
For more specific strategies, see our guide on how to lower your electric bill.
See the full rate picture for your state on the New York electricity rates page.
Frequently Asked Questions
The average residential electricity rate in New York City is 35.66 cents per kWh, based on Consolidated Edison Co-NY Inc's most recent annual data reported to the EIA. This rate reflects the average price including all charges (supply, delivery, and fees) divided by total kWh sold to residential customers.
Based on New York City's rate of 35.66 cents/kWh and the national average consumption of 886 kWh/month, a typical electric bill in New York City would be approximately $316/month or $3791/year. Your actual bill depends on your home's size, insulation quality, heating/cooling system, and appliance usage. Use the bill estimator to get a more accurate estimate based on your specific appliances.
The primary residential electricity provider in New York City is Consolidated Edison Co-NY Inc, which serves approximately 2715069 residential customers. Consolidated Edison Co-NY Inc is investor owned-owned. Some areas may have additional providers or co-ops; check your bill to confirm which utility serves your specific address.
Rate data from the U.S. Energy Information Administration (EIA), 2024 annual data. Rates reflect average residential prices and may differ from your specific rate plan. See our full disclaimer.