New York electricity rates and average bill

In August 2026, the average residential price in New York was 28.65¢ per kWh, higher than a year earlier (26.64¢).

Source: EIA Table 5.6.A (August 2026, preliminary) and EIA 2024 averages. Checked 2026-10-29.

New York electricity prices, month by month

So far in 2026 (8 months), New York has averaged 29.28¢ per kWh, +12.3% compared with the same months of 2025 (26.09¢). Over the last 12 months the price was highest in May 2026 (29.93¢) and lowest in November 2025 (26.46¢).

Why is my electric bill so high in New York?

• Price: New York homes paid 28.65¢ per kWh in August 2026, +7.5% from August 2025 (+12.3% for 2026 so far). The U.S. average changed +3.4%.
• Season: the price itself moves through the year, from 26.46¢ in November to 29.93¢ in May, on top of the extra heating or cooling you use.
• Use: a typical New York home uses about 571 kWh a month (2024). Compare your bill with that, and with the same month last year rather than last month.

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Average electric bill in New York

A typical New York home used 571 kWh a month in 2024 (U.S.: 863 kWh). At the August 2026 price that is about $164 a month, compared with $152 at the August 2025 price, an increase of $11 for the same use. EIA's actual 2024 average bill was $139.53.

What common appliances cost to run in New York

At 28.65¢ per kWh. Wattages are typical values from the U.S. Department of Energy.

Calculate any appliance · Space heater cost in New York

Heating costs in New York: heat pump vs gas, propane and oil

The typical gas-heated New York home needs about 39 million Btu of heat a year. At current prices the cheapest way to provide it is a natural gas furnace, at about $747 a year. A heat pump (HSPF2 7.8) beats a 95% gas furnace here when electricity costs less than 14.84¢ per kWh; the 12-month average in New York is 28.54¢.

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