New York Electricity
Most New York consumers were introduced to electric choice in 1998. Electricity bills now separate the cost of delivering electricity from the cost of generating electricity. The generation cost is also called the supply cost. New York consumers and business owners have the power to choose who supplies their electricity. Competitive electric suppliers are referred to as Energy Service Companies or ESCOs. Electricity delivery charges are the same regardless of which supplier you choose.
Shopping for competitive New York electricity rates is an easy process. On your current bill statement, find the electric supply rate. Sometimes this is noted on the bill as the Supply Charge or Energy Supply Charge. The rate may be identified on the bill as the “price to compare” when shopping for competitive electric rates. To enroll with an ESCO, you will also need your utility account number from the bill statement.
You can choose from a number of ESCO fixed-rate plans. Some ESCOs also offer value-added products and services including renewable energy plans.
Electric Utilities in New York
If your home is served by one of the six investor-owned utilities, you have the freedom to shop for your electricity rates. New York investor-owned utilities include:
- ConEd (NYC and Westchester)
- Orange & Rockland
- Central Hudson
- National Grid (Niagara Mohawk)
These utilities are still responsible for the safe and reliable delivery of electricity to your home or business. Their level of service does not depend on whether you stay on their standard supply rate or switch to a competitive electric supplier. The NYS Department of Public Service continues to regulate electric utilities.