New York commercial electricity rates

Analyst note

The New York commercial price sat above the U.S. average in 10 of 10 years; the gap was +4.67 ¢ in 2015 and +6.02 ¢ in 2024. In the 2024 ranking New York sits between Vermont (18.89 ¢) one place above and Maine (18.22 ¢) one place below; the top of the list is 19.41 ¢ away and the bottom 11.58 ¢. New York was 7th in 2015 with 15.31 ¢ and is 9th now; a fall in the table. New York commercial prices rose in 5 of 9 years. The largest rise was +13.2% in 2022, and the largest fall -5.6% in 2016. The New York price peaked at 18.77 ¢ in 2024 and bottomed at 14.06 ¢ in 2019; 2024 is the peak and +33.5% from the low. Compounded, that is +2.29% a year in New York, +0.26 points against the U.S. New York buys 4.90% of all U.S. commercial electricity with 5.97% of the accounts, so the average New York account uses 0.82 times the national average.

A top-ten price: 18.77 ¢/kWh for New York commercial accounts, rank 9 of 51, +47.2% against the U.S. New York: +22.6% over nine years, or +2.3% a year, matching the national +19.8% by 2.8 points; 2022 was the biggest single move (+13.2%) and 2024 the high.

Last year's change in New York was +4.2% and still rising. Against the residential price of 24.43 ¢ the gap is 5.66 ¢. Commercial sales are 50.6% of New York electricity sold, and an average New York account used 5,088 kWh a month, an implied bill near $955.

Counting revenue instead of kWh, New York commercial accounts bring in 49.0% of New York sector revenue on 51.6% of the kWh, a discount of 2.6 points that comes from the price level: 18.77 ¢ here against 24.43 ¢ for residential and 9.17 ¢ for industrial accounts. The average New York commercial account uses 5,088 kWh a month, 35 of 51 among states on that measure; a residential account uses 0.11 times as much and an industrial account 15.59 times. Commercial accounts are 13.53% of the 8,600,588 accounts in New York.