New York Commercial Electricity: Deregulated since 1998. 100+ licensed ESCOs compete for commercial accounts. NYC/LI zones have the highest rates nationally; procurement outcomes depend on default service, ESCO terms, usage shape, and capacity pass-throughs.
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 the EIA's March 2026 STEO projecting Henry Hub gas at $3.80/MMBtu annual average in 2026, continued upward pressure on commercial rates is expected — especially into NYC where Transco Z6 basis premiums amplify the national benchmark.
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.
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