New York electricity and natural gas rates
Electricity
29.93¢
per kWh
Natural gas
$2.19
per therm
Residential sector, US Energy Information Administration, 2026-05. Updated monthly.
How New York compares
At 29.93¢ per kWh, New York is above the national average of 19.41¢, making it the 49th cheapest of the 51 states we track.
What a typical New York household uses
Electricity a month
590 kWh
Bill a month
$164
Households in New York use 31% less electricity than the national average and pay 10% more than average. That is a price problem rather than a consumption one — at 29.93¢ a kilowatt hour, even a modest amount of electricity adds up. The climate pulls the other way here: 6,200 heating degree days against 800 cooling ones, so how a home is heated matters more than how it is cooled.
Averaged over twelve months across 7,477,735 residential accounts in New York. Source: EIA.
What this means for heating
New York sees around 135 freezing nights a year. Whether a heat pump beats a furnace here depends on the gap between those two prices above — not on the equipment.
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