New York Electricity Rates (2026)
26.4¢/kWhstate average
62.9% above national averageUtilities in New York
Rate Outlook for New York
New York's average residential electricity rate is currently 26.4 cents/kWh. Under EIA's reference scenario, rates are projected to reach 31.2 cents/kWh by 2031 and 35.4 cents/kWh by 2036, a 34.1% change. Under the high oil price scenario, rates could reach 36.9 cents/kWh.
EIA projections for New York vs. actual observed rates
Projected residential electricity rates for New York (next 10 years)
| Year | Reference (¢/kWh) | High Price | Low Price |
|---|---|---|---|
| 2026 | 29.2 | 29.5 | 29.1 |
| 2027 | 28.2 | 28.6 | 28.2 |
| 2028 | 28.5 | 28.9 | 28.7 |
| 2029 | 29.3 | 29.6 | 29.5 |
| 2030 | 30.1 | 30.5 | 30.4 |
| 2031 | 31.2 | 31.7 | 31.6 |
| 2032 | 32.1 | 32.9 | 32.5 |
| 2033 | 33.4 | 34.3 | 33.6 |
| 2034 | 34.3 | 35.2 | 34.3 |
| 2035 | 35.0 | 36.1 | 34.9 |
| 2036 | 35.4 | 36.9 | 35.5 |
Data Sources: U.S. Energy Information Administration — Annual Energy Outlook (AEO2010, AEO2015, AEO2020, AEO2025) and Monthly Energy Review.
Methodology: State-level projections are derived by applying national rate trends from EIA's Annual Energy Outlook to New York's current observed rate. EIA does not publish state-level projections.
Freshness: This data is checked weekly against EIA's open data APIs. The Monthly Energy Review updates monthly with observed rates. The Annual Energy Outlook publishes new projections annually.