Compare New York Electricity Rates
How New York's ESCO market works, and how Con Edison and National Grid price default supply.
New York deregulated its electricity market in 1998, giving all residential and commercial customers the right to choose their electricity supplier. New York has among the highest electricity rates in the continental US, driven by aging grid infrastructure, clean energy mandates under the Climate Leadership and Community Protection Act (CLCPA), and high natural gas prices in the northeast.
New York customers can choose an Energy Service Company (ESCO) instead of their utility's default supply. The state's major utilities — Con Edison, National Grid, NYSEG, and Central Hudson — continue to deliver power while ESCOs compete on supply rates, contract terms, and renewable energy options.
How New York Electricity Choice Works
Your Utility Delivers Power
Your local utility (Con Edison, National Grid, NYSEG, or Central Hudson) delivers electricity through power lines and handles outages. They remain your delivery company regardless of which supplier you choose.
Choose an ESCO
Energy Service Companies (ESCOs) are licensed by the NY PSC to sell electricity supply. ESCOs compete on rates, contract terms, and green energy options.
NY PSC Oversees the Market
The New York Public Service Commission regulates ESCOs and utility rates. The PSC ensures fair practices, handles complaints, and publishes utility rate information. ESCOs must be licensed to operate in New York.
Switch Without Interruption
Switching ESCOs takes approximately 1-2 billing cycles with no service interruption. You can return to your utility's default supply at any time. Con Edison territory has a 30-day switch window.
New York Electricity Deregulation and ESCO Market
New York opened its retail electricity market in 1998 following the NY PSC's restructuring order. The state divided the electricity business into generation, transmission, and distribution, allowing competitive suppliers (ESCOs) to sell electricity to consumers.
Con Edison serves New York City and Westchester — the most expensive electricity market in the state. National Grid serves upstate New York plus parts of Brooklyn, Queens, and Staten Island. NYSEG and Central Hudson cover the rest of the state. All four territories allow ESCO competition, though supplier availability varies by region.
Key Facts
- Deregulated since 1998
- NY PSC regulated ESCOs
- Among the highest rates in the US
- Major utilities: Con Edison, National Grid, NYSEG, Central Hudson
- CLCPA driving renewable energy transition
New York Electric Utilities
Consolidated Edison (Con Edison)
Service Area: New York City and Westchester County
Market Type: Deregulated - You can choose your supplier
Visit Website →National Grid New York
Service Area: Upstate New York, Brooklyn, Queens, Staten Island
Market Type: Deregulated - You can choose your supplier
Visit Website →New York State Electric & Gas (NYSEG)
Service Area: Central and Southern New York
Market Type: Deregulated - You can choose your supplier
Visit Website →Central Hudson Gas & Electric
Service Area: Mid-Hudson Valley
Market Type: Deregulated - You can choose your supplier
Visit Website →Major New York Cities We Serve
Frequently Asked Questions
What are the current electricity rates in New York?
New York utilities set their default supply rates monthly, so they change through the year. Con Edison, National Grid, NYSEG and Central Hudson each publish the current rate on their website and on your bill as the supply charge. These are supply-only rates — delivery charges are separate and add significantly to the total bill. New York has among the highest electricity costs in the US. Enter your ZIP code to compare ESCO rates in your territory.
Who are the electricity providers in New York?
New York's major utilities are Con Edison (NYC and Westchester), National Grid (upstate NY, Brooklyn, Queens, Staten Island), NYSEG (central and southern NY), and Central Hudson (Mid-Hudson Valley). These utilities deliver power. ESCOs (Energy Service Companies) sell the electricity supply — you can choose which ESCO supplies your power.
Can I choose my own electricity supplier in New York?
Yes. All New York electricity customers can choose an ESCO (Energy Service Company) for their supply. Your utility continues to deliver power and handle outages. Switching ESCOs is free, takes 1-2 billing cycles, and causes no service interruption. The NY PSC licenses and regulates all ESCOs.
How do I switch electricity suppliers in New York?
Compare ESCO offers, including each one's contract length and any early termination fee. Choose a plan and enroll online or by phone with your utility account number. Your utility is notified automatically and the switch takes effect within 1-2 billing cycles. You can return to your utility's default supply at any time.
What is Con Edison's current electricity rate?
Con Edison's default supply rate changes monthly; the current figure is on Con Edison's website and on your bill as the supply charge. This is the supply portion only — delivery charges are separate and add significantly to your total cost. ESCOs may offer rates above or below Con Edison's default depending on market conditions.
How does the NY PSC regulate electricity suppliers?
The New York Public Service Commission (NY PSC) licenses all ESCOs, sets utility delivery rates, and enforces consumer protection rules. The PSC requires ESCOs to provide clear pricing disclosures and gives customers the right to cancel within 3 business days of enrollment. Complaints can be filed with the PSC online or by phone.
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