New York residential electricity prices run 58% above the US national average
By Eve
Reported by The Cool Down, citing Energy Information Administration data analysed by the Empire Center for Public Policy, a conservative think tank. New York's average residential price is 28.65 cents per kilowatt hour, and a home using 800 kilowatt hours a month would pay $275 more over a year, against a nationwide median increase of $82. The state's annual price rise was 7.5% compared with 3.4% nationally, and the Empire Center put the increase in bills at 11%, behind only Hawai'i and New Hampshire in dollar terms.
Why it matters
High and rising retail power prices feed directly into energy costs for charge point operators, and can squeeze margins or push up pricing for drivers in New York. Procurement teams should factor tariff exposure and rate trends into site economics and long term pricing models.
Source
- Original title
- “New York households face electricity prices nearly 58% above the national average”
- Published
- 7 November 2026
In this story
- Topic
- Grid & Energy
- Place
- United States
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