New York Commercial Electricity: Deregulated since 1998. 100+ licensed ESCOs compete for commercial accounts. NYC/LI zones have the highest rates nationally; businesses save 15-25% through competitive procurement.
New York Commercial Natural Gas: Gas choice via ConEd Gas, National Grid Gas, and National Fuel. Transco Z6 basis drives NYC pricing and can spike dramatically in winter. Dual-commodity contracts simplify billing and unlock volume discounts. Gas Guide →
High-cost, high-opportunity market. NYC and Long Island have some of the nation's highest rates, while upstate offers more competitive pricing. ESCOs compete aggressively for commercial accounts.
EIA Average • Supply + Delivery
NYISO Real-Time LMP • ¢/kWh
Transmission constraints into NYC create significantly higher prices. Con Edison and PSEG-LI territories. Premium pricing but strong supplier competition for large commercial accounts.
More competitive pricing due to abundant hydro and wind resources. Niagara Mohawk, NYSEG, RG&E, and Central Hudson territories offer better rate opportunities.
New York's average wholesale electricity price nearly doubled in 2025 — from $41.81/MWh in 2024 to $74.40/MWh. The driver: natural gas prices at Transco Zone 6 surged 120% year-over-year (from $2.10/MMBtu to $4.64/MMBtu). With EIA projecting Henry Hub gas at $4.80/MMBtu in 2026, continued upward pressure on commercial rates is expected.
Action for commercial buyers: Fixed-rate contracts negotiated now can hedge against further gas-driven volatility. NYISO forecasts 2,500+ MW of new demand from data centers and chip manufacturers over the next decade.
Source: NYISO White Paper, Feb 6 2026 | EIA STEONew York presents unique challenges: high winter demand and constrained pipeline capacity into NYC and Long Island (Transco Zone 6). This volatility makes active management essential.
Dual-commodity (electric + gas) contracts are popular in ConEd, National Grid, and National Fuel territories, often simplifying billing for commercial properties.
Gas basis prices into NYC can skyrocket during cold snaps, driving up both heating bills and electricity rates. Hedging Transco Z6 basis is the #1 priority for NYC property managers.
Read our Gas Procurement Guide →Energy Service Companies (ESCOs) are licensed to sell electricity in NY. They buy wholesale power and resell to customers, competing on price and value-added services.
The NY PSC has cracked down on ESCOs with deceptive practices. Our reverse auction only includes vetted, reputable suppliers with transparent pricing.
Commercial customers get better deals than residential. ESCOs compete more aggressively for larger loads, and fixed-rate contracts protect against volatility.
Compare ESCO offers through our competitive auction
With 100+ ESCOs competing, finding the best rate takes expertise. Our reverse auction makes them compete for your business.
Get Competitive Quotes →Latest news affecting New York commercial energy buyers
Con Edison's approved 3.5% rate increase lands on NYC bills already at 27.39¢/kWh — 59% above national average. NYISO projects 650 MW summer shortfall as Empire Wind and Sunrise Wind projects stall. 4,315 MW retired vs 2,274 MW added since 2019.
New York residential electricity prices reached 27.39 cents/kWh in December 2025, 59% above the national average and 6th highest in the US. Prices up 12% YoY driven by natural gas cost correlation. CLCPA policy debate intensifies.
PSEG Long Island's 2026 System Peak Relief Program is open, offering an $8.00 per kW/month reservation payment. Combined with NYISO Zone K's 107.3% local capacity mandate pushing winter clearing prices to $36.37/kW-month, commercial locations can stack unprecedented revenue streams.
NYISO white paper reveals a 2:1 retirement-to-addition ratio in generation capacity. 4,315 MW shut down since 2019, driving commercial rate increases across New York. Con Edison 3.5% rate hike pushes NYC to 20.1¢/kWh.