This article is your complete guide to the average electric bill in NYC. Moving to New York City can be stressful for many reasons. Not only is it the busiest city in the US, it also has a 40% higher cost of electricity than the rest of the nation! The average NYC electric bill can cost around 6% of your household income. That’s in comparison to the 2-3% of the national average expenditure on energy. While answering what is the average electric bill in NYC, we will also cover the kWh cost, who provides your energy, and how much you can anticipate spending on energy for a 1-2 bedroom home.
Here at The Energy Professor, we want to give you the information you need to not only save money on your energy bill but to also become more energy efficient. We hope find this post helpful! And makes it easier for you to know more about the average electric bill in NYC. Be sure to also check out our one of a kind energy savings calculator!
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What is the Cost of Electricity in NY?
Now that we have covered who provides your electricity in NYC, let’s dive into the cost of the average electricity bill in New York City. To find the average electric bill in New York City we have to determine how much energy costs in NYC. The amount you pay on your energy bill doesn’t directly reflect the price of your energy. The cost you pay at the end of the month is for all energy usage, taxes, and fees. To find the raw cost of your energy consumption, let’s take a look at how much the average Big Apple resident pays per kWh per month.
Average kWh Per Month NYC
- 951 kWh
On average, the kWh usage per month in NYC is 951 kWh. Like most things in New York City, this is slightly higher than the national average. The US has an average of 886 kWh per month. But how much does a kilowatt hour cost in NYC? Let’s break that down next!
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What is the kWh Cost in NYC?
The true cost of your electric bill will stem from the rate you are charged per kilowatt hour (kWh). In NYC, the average electric bill in New York has a kWh cost of about $0.23. The actual range for the cost per kWh NYC is quite large. The further away you live from Manhattan, the closer you are to the lower end of the scale. It also can vary depending on the time of day you’re using the most energy. Most energy companies have peak and off-peak hours for energy usage. During peak hours, you will be charged a more expensive kWh rate than off-peak hours. To find out what your specific peak hours are, make sure to contact your energy provider! When looking at individual costs, you can see the kWh cost NYC charges from $0.09 to $0.25 per hour.
How Much is 1 kWh in NYC?
- Average of 23.1 cents per kWh
The average electric bill in New York is higher in the winter and summer months. You might be looking for a way to reduce your energy bill in the summer. This is typically the time of year when energy providers will charge you a higher rate for energy. Typically this is done to try to dissuade you from using energy rather than make more money. The more energy used in the summer can result in city-wide black or brownouts. To avoid this, energy companies will charge more during peak hours, days, and months. This can help reduce the strain on power plants to produce more energy than it’s able to.
Related Post: What is the Average Electric Bill for the State of New York?
Cost of Electricity in NYC Per Month
With the knowledge of the average kWh per month in NYC, we can finally understand the average cost of electricity per month in New York. If we take the average cost per kWh and multiply it by the average kWh used, we get an average of $218.17 per month. It’s important to note this is just the average. If we remember the real range of cost per kWh, it can vary from $85 – to $237 per month! Again, the cost of the average electricity bill in New York will also depend on your specific circumstances like where you live, who your provider is, and what rate they charge you.
What is the Average Electric Bill in NYC?
- The New York average electric bill is $218.17
If you’re hoping to save on your energy bill by moving out of the city, think again. The average New York electricity bill will run you around $215 per month. Only potentially saving you $3 on your energy bill. Now like all things, there are ways to cut down this price. Switching to more energy-efficient ways of living can cut your energy bill costs significantly!
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Electric Bill in NYC – By Bedroom
Unfortunately, the average New York electric bill is based on single-family homes. We know that this isn’t the case for most New Yorkers. Apartment living is the number one source of housing in the city. So let’s break down the most common apartment setups to determine how much you can expect to pay each month on your energy bill. When asking yourself, How much is electricity in NYC? We will first want to take a look at 1 and 2-bedroom apartments.
Average Electric Bill NYC – 1 bedroom
- $40 – $100 per month
Average Electric Bill NYC – 2 bedroom
- $100 – $200 per month
When trying to calculate how much you will be spending on your monthly electric bill, also consider these things. Roommates, utility included rent, square footage, type of heating and cooling systems, and most importantly location. All of these factors will have a large impact on your electricity bill per month in New York.
Related Post: Average Electric Bill for 3 & 4 Bedroom Homes
Average Electric Bill in NYC – FAQ
Q: Is electricity more expensive in NYC?
A: While the average monthly electric bill is slightly more expensive in the city compared to the state, it’s about the same price. The average monthly electric bill in New York City is $218 while the state has an average of $215. But when comparing costs to the rest of the nation, New York does have a higher average. The United States has an average energy bill of $210 per month.
Q: Why is electricity so expensive in NYC?
A: The reason energy costs have gone up in the state of New York is due to the cost of natural gas. According to Con Edison, NYC’s main energy provider, 70% of New York City’s energy derives from the cost of natural gas. Although Con Ed does provide energy to the 5 burrows of NYC, they don’t make that energy. Therefore, they do not set the price residents are charged.
Q: What’s the Difference Between Con Edison and National Grid?
A: The only difference between these two energy companies is service locations. While Con Ed serves all 5 burrows of NYC with electricity, it does not serve them all gas. National Grid does provide electricity, but not where Con Ed serves. This means National Grid only provides gas to certain parts of New York City.
Do you Need Cheaper Electricity?
If you’ve taken the time to understand the information on your bill and discovered you’re paying more than you’d like for your electricity, have you looked around for a cheaper deal? The Energy Professor has a wealth of information on ways to save on your utilities, including details of top deals that could significantly reduce your monthly or quarterly electricity bills.
We hope you found this article helpful! If you are looking for ways to increase energy efficiency and sustainability in your home be sure to take a look at all of the latest renewable energy options in your area. The Energy Professor helps residential and small business owners find qualified energy suppliers in New York, New Jersey, Pennsylvania, Texas, Ohio, Maryland, Illinois, and Massachusetts
