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Electricity rates & appliance costs in New York

The average residential price of electricity in New York is 29.90¢ per kWh (EIA, July 2026) — up 14.0% from July 2025. Below, what the big household loads cost per month at that rate.

Rate now
29.90¢
per kWh
YTD average
29.38¢
2026 YTD
vs last year
+14.0%
July 2025
vs U.S. avg
+63%
18.3¢ baseline

What things cost per month in New York

Each calculator link carries New York's rate into the calculator.

Scenarios assume typical usage patterns; every calculator page lets you change the hours, size and wattage.

Why electricity costs 29.90¢/kWh in New York

Winter heating plus a fast-growing summer cooling peak; both push annual use high.

Long-term contracts and state-set rates make New York among the most expensive markets in the country.

At 29.90¢/kWh, New York sits well above the 18.3¢ U.S. average. That works out to $299.00 for every 1,000 kWh used — so a 1,500 W space heater costs $0.45 an hour to run, and a family heating with electric resistance instead of gas feels that difference in every winter month.

How New York compares with neighbouring states

New York ranks 5th of 51 jurisdictions by residential price, from Hawaii at 48.00¢ down to Louisiana at 12.72¢ — a spread of about 3.8× across the country. Identical appliance habits can therefore cost several times more in one state than another.

Across Middle Atlantic — the regional grouping the EIA itself uses for comparison — the average rate including New York is 25.60¢/kWh, so New York pays $4.30 more per kWh than that regional average. On a 1,500 W space heater running 6 hours a day, that gap alone is about $1,177.29 a month.

What New York households actually pay

A typical U.S. household uses around 30 kWh a day, about 900 kWh a month. At 29.90¢/kWh that is roughly $269 a month in electricity, or $3,229 a year. That is about $104 more per month than the same usage at the national average — a recurring bill difference, not a rounding detail.

Because the rate is a per-kWh price, the fastest savings come from the biggest loads: cutting a 1,500 W space heater from 6 hours a day to 3 saves about $41 a month in New York. That is why the calculators here use your state rather than a national guess.

Reading your New York utility bill

The EIA figure is a state average across utilities, not your tariff. Your bill shows your exact "price to compare" in ¢/kWh plus fixed customer charges, and sometimes tiered or time-of-use pricing. In a deregulated market you may also have chosen a retail supplier whose rate differs from the utility default.

The calculators use the published state average, which is the right basis for comparing appliances against each other. For a figure that matches your own bill, take the "price to compare" line and use it as your rate.

New York electricity FAQ

What is the average electricity rate in New York?

The average residential rate in New York is 29.90¢ per kWh for July 2026 (EIA Electric Power Monthly). Year-to-date 2026, it averages 29.38¢.

Is electricity expensive in New York?

New York is up 14.0% vs July 2025 and 63% above the U.S. average of 18.3¢. The cheapest state is Louisiana (12.7¢) and the most expensive is Hawaii (48.0¢).

How much does it cost to run a space heater in New York?

A 1,500 W space heater costs $0.45 per hour in New York, about $81.86 per month at 6 hours a day.

How much does it cost to charge an EV in New York?

At 29.9¢/kWh and 3.5 miles per kWh, driving costs $0.085 per mile — a 75 kWh full charge is $22.43. See the EV page for daily and monthly figures.

How does New York compare with neighbouring states?

New York pays 29.90¢/kWh, which is well above the 18.3¢ national average and ranks 5th of 51 jurisdictions from most to least expensive. Across Middle Atlantic the average is 25.6¢/kWh, so New York pays $4.30 more or less per kWh than its regional peers.

Why does electricity cost $0.30 per kWh in New York?

Winter heating plus a fast-growing summer cooling peak; both push annual use high. Long-term contracts and state-set rates make New York among the most expensive markets in the country. That works out to $0.45 per hour for a 1,500 W space heater and roughly $135 a year to run a 450 kWh refrigerator.

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