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New York Electricity Suppliers: New York Electricity Rates

Why Choose Sunwave Gas + Power?

Sunwave Gas & Power is a reputable gas and energy supplier that proudly supplies energy and gas to thousands of residential and commercial consumers around the country. Sunwave not only offers competitive energy and gas rates, but we also have an amazing team that works diligently to keep our consumers informed on changes in the industry, tips on energy conservation, important news; and the added bonus of a wonderful customer service team that is highly trained in the industry. Choose Sunwave Gas + Power as your New York electricity supplier today and allow us to Power your Universe.

If you are a consumer searching for the most affordable New York electricity rates, you have come to the right place! And fortunately, because New York is a deregulated state, you have the power to not only choose your electric supplier, but you can also choose who supplies your gas!

For decades, deregulation has allowed New York electric suppliers to compete for your business by offering competitive plans and rates designed to meet your residential and commercial energy consumption needs. As you are scrambling through the wide variety of New York electricity rates through various NY electricity suppliers, do you know what to expect from an energy supplier? Do you know what questions to ask?

There is tons of information to plow through on the internet and so many choices for NY electricity rates and suppliers. For this reason, Sunwave has put together a summary of information that will assist you while searching for New York electricity rates.

What Exactly does Energy Deregulation in New York Mean?

New York’s government deregulated its energy market around 1996. In simple terms, New York opened the door for residential and commercial consumers to gain access to competitive electric and gas rates from various New York suppliers.

The New York Public Service Commission (PSC):

  • approves licenses for energy service companies (ESCOs)
  • regulates New York utility prices
  • operates the Power to Choose program for New York
  • educates consumers about deregulation

Energy suppliers pay energy generators at the market's current price to purchase electricity on your behalf. You are then charged for your energy consumption on your monthly bill. The local utility company charges the cost of delivering electricity on your monthly electricity bill to deliver energy to your home or business and maintain a safe infrastructure. The New York Public Service Commission must approve New York electricity suppliers.

Consumers can switch NY electricity and gas suppliers if they are unhappy with their local utility company or alternative supplier’s prices or plan provided to them. With that being said, when choosing an electric or gas supplier, there are several factors that you want to consider, including New York electricity rates, gas rates, and terms of any plans or contracts.

New York Electricity Rates

The United States Energy Information Administration (EIA) tracks energy prices by state. Recent reports from the EIA show that the average residential energy rate in the U.S. is 12.80 cents per kilowatt-hour (KWH), and the average rate for electricity in New York is 21.9 cents per kWh.

How to Compare New York Electricity Suppliers

You can compare suppliers by looking at competitive New York electricity rates, plans, and terms from electricity suppliers in your area. You can narrow down your choices based on brand, energy rates, plans, and terms. Choose an electric supplier that is able to offer a rate and plan that meets your energy consumption and financial needs.

Here Are the Steps on How You Can Switch New York Electricity Supplier

  • First-time Consumers: If you are a first-time energy consumer, you will have to create an account with your local utility company.
  • Contract Terms: If you already have services with your local utility or an alternative electricity supplier in New York, it’s essential to determine whether or not you are under a contract with them. There are energy suppliers that charge termination fees if you switch to another supplier before the end of your service agreement.
  • Account Information: Be sure to have your utility account number when switching to a new energy supplier.
  • Relax: Once you sign up with the new electricity supplier, they will take care of everything else to complete the switch. Just relax and enjoy the benefits.

What to Look for When Choosing New York Electricity Rates and Plans

  • Fixed-rate plans: With fixed-rate plans, the rate you're charged for your electricity use will remain fairly similar throughout your entire service agreement. Fixed energy rates are typically offered for six months with a minimum of four billing cycles. NY electricity suppliers can’t change the energy rate until the end of the fourth billing cycle or expiration of your service agreement. The energy supplier is required to notify the consumer before making any changes to your rates.
  • Variable-rate plans: With variable-rate plans, energy suppliers can change their prices and terms month to month. This is more of a short-term plan because it can cost you more in the long run.
  • Prepaid Plans: There may be a time when you’d rather pay for your power before you use it. At that point, rather than paying month to month, you will add funds to your account when it's required. Not many energy suppliers offer prepaid plans. You want to check with state regulations and a specific energy supplier to find out about any prepaid plans.
  • Renewable Energy: In New York, energy suppliers can offer you renewable energy options. You can help diminish your carbon impression by choosing Sunwave Wind, a Green-e Energy certified REC product. Sunwave offers RECs for both residential and commercial consumers. And as a bonus, we’ll throw in a window decal to let your neighbors and friends know that you have made the switch!

Will I Have to Pay to Switch Electricity Suppliers?

Energy suppliers don’t typically charge you enrollment fees to become an energy consumer unless of course you are required to pay a deposit. However, your local utility company may charge a small fee when you switch to a new NY electricity supplier. You can contact your local utility prior to switching services just to verify any costs.

Cancellation Fees for New York Energy Consumers

There are different guidelines that suppliers have to follow regarding cancellations. Please check your service agreement and terms to find out about cancellation fees. Energy suppliers are supplying you with energy at a wholesale rate, and if you breach your contract, you will probably be charged a fee.

What Contract Terms Can I Expect From a New York Electricity Supplier?

If you want to know what's in store with a specific energy rate, plan, and supplier, you can look at the Electricity Facts Label (EFL).

Your EFL will have detailed insights regarding your energy plan, including the base charge for power, utility charges, any extra expenses, charges, and credits, and average rates for 500, 1000, and 2000 kWh of utilization for each charging cycle.

If you are having difficulty finding the information, contact your supplier and they will be able to provide it.

When Should I Switch to a Different NY Electricity Supplier?

You can change energy suppliers at any time. We don’t suggest making the switch if you are currently in a contract. Additionally, It is usually recommended that you switch to a different electricity supplier when energy rates and demand are low. Rates are usually going to be higher during the summer months when your A/C is running a lot, due to an increase in energy consumption.

What Is My Energy Consumption?

To determine your energy consumption, you can just pull out your old energy bills, or look at your online billing history. You can see the amount of energy you have consumed every month over the previous year. Consider the summer months as they will probably have the highest energy consumption and they will most likely be more costly.

Suppose you aren’t able to find your old energy bills, no worries, it’s possible to track your monthly energy consumption by reading your electricity meter on your residential or commercial property.

Will the NY Electricity Supplier Ask for My Social Security Number?

When you sign up for electricity services in New York, you will be asked to provide your social security number. Depending on your credit, the energy supplier may require you to pay a deposit. Some NY electricity suppliers can waive the deposit under limited circumstances.

New York Electricity Rates

Sunwave Gas + Power offers consumers some of the most affordable, residential and commercial electricity and gas rates and plans in New York.

Sunwave delivers sensible low rates and payment term solutions for residential consumers. Each bill you receive states your price; and there are no hidden fees. Take a look at our prices and Sign-up now!

Our commercial products are suitable for retail stores, office buildings, multi-residential properties, and small to medium-sized manufacturing facilities. Sunwave proudly offers commercial consumers plans with a fixed price or variable with terms from 4 - 60 months.

As a small business consumer, you can sign up online and take advantage of a simple way to manage your electric generation supply costs. Take a look at our prices and Sign-up now!

Utility Companies That Distribute Electricity in New York

These companies deliver the energy to the consumer’s home, restore electrical outages, and maintain your local power lines. If you experience a power outage or emergency, you will still contact the utility company for your area:

Central Hudson Gas & Electric
Power Outages: 1-800-527-2714
Customer service: 1-845-452-2700

Consolidated Edison Co.
Emergencies: 1-800-914-9112
Customer Service: 1-800-752-6633

National Grid Keyspan
Emergencies: 1-800-233-5325
Power Outages: 1-800-465-1212
Customer Service: 1-800-322-3223

Rochester Gas & Electric
Power Outages: 1-800-743-1701
Customer Service: 1-800-743-2110

Questions You Should Ask Before Making the Switch to an Alternative New York Electricity Supplier

  • Are you a licensed energy supplier within the state of New York?
  • What type of rates and plans do you have?
  • Does your company have customer service that is available 24/7?
  • Will I be put in a contract? I’d so, how long is your contract term?
  • What is the actual rate that I will be paying per KWH? Is this a fixed rate?
  • What other fees will I be charged by your company?
  • What happens when my contract is up for renewal?
  • What is your early termination policy?
  • What if I move out of the service area and I have a contract?
  • What if I am on active duty with the military?
  • Is there an enrollment fee to switch to your company?
  • What incentives, if any, do you offer for switching to your company?
  • What if someone switched my services to an electric supplier without my permission?

Other Topics

New York Electricity Rates

Interested in finding out more about your state’s average energy rate is?

Industry Education

Sunwave Cares

Renewable Energy Certificates/ Go for the Green-e

Residential and Commercial Electricity and Gas

Shop for a NY Electricity supplier

For more information on New York Electricity Rates, Contact Sunwave Gas + Power customer service team to speak with a member. Power Your Universe with Sunwave today. 1-855-4SUNWAVE (1-855-478-6928) | Sunwave

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