State electricity profile · 2024
New York Electricity
Residential electricity in New York runs 24.43¢/kWh, 48.2% above the US average. Commercial, industrial, and generation-mix detail below, all from EIA filings.
- 24.43¢/kWh
- Residential rate
- +48.2%
- vs US average
- 32%
- Renewable
- 7.4M
- Customers
Verify with EIA → · Methodology
The verdict · 2024
New York's residential electricity runs 24.43¢/kWh - 48.2% above the 16.48¢/kWh national average, pricier than 88% of states, with 32% of its power from renewables.
Rate is the EIA state average across all 7.4M residential customers, a benchmark for comparing states, not the rate on any single bill. Source: EIA Form-861.
What New York's Electricity Data Tells Us
In 2024, the average residential electricity bill in New York runs 24.43¢/kWh, covering 7.4M metered households in the state, versus a national residential average of 16.48¢/kWh, a difference of 48.2% above. Commercial rates sit at 18.77¢/kWh while industrial buyers pay 9.17¢/kWh, reflecting the cost differentials that come from voltage level, load factor, and contract length across EIA Form-861 survey respondents. Over the year, residential customers drew 50.9M MWh on roughly $12.4B in utility revenue, a useful yardstick for sizing local demand against the grid mix that serves it.
The generation mix is led by natural gas at 46.7% of in-state production, followed by hydro at 20.9%, and nuclear rounding out the top three at 20.3%. New York's renewable share, spanning solar, wind, hydro, geothermal, and biomass, sits at 31.8% of total output, a figure that matters because each renewable megawatt-hour displaces fuel costs that otherwise flow through to retail bills. A portfolio this clean typically carries lower marginal generation costs once capacity is built, though transmission upgrades can offset part of the saving.
Looking back across EIA records, residential prices in New York moved from 17.58¢/kWh in 2016 to 24.43¢/kWh in 2024, a 39.0% shift over that window. States charging a similar rate include Maine, Alaska, New Hampshire, a useful peer set for a sanity check. For anyone negotiating a supplier contract, weighing an energy-efficiency upgrade, or modeling a household budget, the combination of current rate, multi-year trend, and generation mix offers a sturdier footing than any single data point on its own.
+48.2%
vs the US residential average
12%
of states have higher residential rates
32%
renewable share, above the US mix
7.4M
residential customers served
How New York compares
Cents per kWh, EIA Form 861. Pick a benchmark above to compare New York against the US average or a peer state.
Residential Price History
| Year | Price | Change |
|---|---|---|
| 2024 | 24.43¢/kWh | +9.8% |
| 2023 | 22.24¢/kWh | +0.7% |
| 2022 | 22.08¢/kWh | +13.3% |
| 2021 | 19.48¢/kWh | +6.1% |
| 2020 | 18.36¢/kWh | +2.3% |
| 2019 | 17.94¢/kWh | -3.1% |
| 2018 | 18.52¢/kWh | +2.7% |
| 2017 | 18.03¢/kWh | +2.6% |
| 2016 | 17.58¢/kWh | - |
Energy Generation Mix
How New York generates its electricity. Renewable sources account for 31.8% of generation.
- Natural Gas46.7%
- Hydrorenewable20.9%
- Nuclear20.3%
- Solarrenewable5.7%
- Windrenewable4.5%
- Other0.7%
- Biomassrenewable0.6%
- Pumped Storage0.3%
- Petroleum0.2%
Market Overview
Residential Revenue
$12.4B
Commercial Revenue
$13.3B
Residential Sales
50.9M MWh
Residential Customers
7.4M
Frequently Asked Questions
How much does electricity cost in New York? ▼
How much of New York's electricity is renewable? ▼
Are electricity prices going up in New York? ▼
What are commercial and industrial electricity rates in New York? ▼
What is the cheapest energy source in New York? ▼
Where does RateWatt's New York electricity data come from? ▼
States with Similar Electricity Prices
Using New York's numbers
This is the state average, use it as a benchmark, not a quote for your address.
- New York sits 48.2% above the national average, see exactly where it lands among all 50 states. See the rankings
- Check the multi-year trend before you judge the rate, a low price rising fast can cost more over a decade than a steady one. New York price trend
- Compare New York side by side with the US average and peer states using the tool above, then estimate your own bill from your monthly kWh. Cost calculator
Figures are EIA state averages by sector. Your actual rate depends on your utility, plan, and usage, see our disclaimer.
Energy Guides
Understanding Electricity Rates
What ¢/kWh means and how your bill is calculated
Why Prices Vary by State
Generation mix, regulation, and geography
US Energy Sources Explained
How each fuel source powers the grid
Renewable vs Fossil Fuel Costs
LCOE comparison and the cost crossover
Cheapest States for Electricity
Which states pay the least and why
Primary source data for New York
Every figure on this page traces to these official federal datasets.
- 📊 EIA State Energy Profile, New York State energy database
- ⚡ EIA Electric Power Monthly Generation and price statistics
- 🌿 EPA eGRID Power-grid emissions database
- ☀️ NREL solar resource maps Solar potential by location
- 💨 NREL wind resource maps Wind potential by location
- ⚛️ NRC reactor data Nuclear operating status
- ⚡ FERC market data Transmission and market prices
- 🏛️ NARUC commissions State public utility commissions
- 📖 EIA energy mapping system Interactive federal energy map
Related
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Energy Information Administration (EIA). Consult a qualified professional before making decisions based on this data.
Every figure on RateWatt is rendered directly from official U.S. Energy Information Administration (EIA) data, no number is typed in by an editor. State prices and generation mix are pulled directly from the EIA's published tables for this state. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.