Energy Data February 2026

February 2026

Summary and Insights

Electricity. In November 2025, the average residential electricity price in New York was 26.49 cents per kilowatt-hour (kWh), ranking 8th highest in the U.S. and exceeding the national average by 49 percent. New York’s prices were virtually unchanged from October but were 7.1 percent higher than a year earlier.

Natural Gas. Average residential natural gas prices fell 25 percent from the previous month to $17.95 per thousand cubic feet—19th highest nationally, 20 percent above the U.S. average, but 8.5 percent lower than a year ago.

Trends. Historically, New York’s average prices for both electricity and natural gas have exceeded the U.S. average, but the price differences have been declining over the past couple of decades. However, since 2019, electricity prices in New York have steadily diverged upward from the national average, reversing the previous trend of convergence.

Data. Average residential prices are approximations, calculated from residential sales revenues and volumes, not actual retail prices. See the notes at the bottom of the report for more information.

Electricity

In November 2025, New York ranked 8th among all states in average residential electricity prices. At 26.49 cents per kWh, this was 49 percent above the U.S. average.

 

New York vs. Largest States. New York’s prices were significantly higher than those in Florida and Texas, but lower than those in California.

New York vs. Neighboring States. New York’s price was higher than those in New Jersey, Pennsylvania, and Vermont, but lower than those in Connecticut and Massachusetts.

Month-on-Month Change. In November 2025, New York’s price fell by 0.5 percent compared to October.

Year-on-Year Change. Compared to November 2024, the price rose by 7.1 percent, which is faster than the U.S. average increase of 5.5 percent. While prices increased even more rapidly in Florida, Pennsylvania, and New Jersey, prices in those states remained significantly lower than in New York.

Intermediate-term. Since 2019, average prices have risen by 47.1 percent. This rate of increase is similar to that of neighboring states but is 10.6 percentage points higher than the U.S. average.

 

 

 

Long term. Prices in New York have consistently exceeded the U.S. average. For two decades, the gap narrowed steadily—from 80 percent in 2001 to 40 percent by 2019. Since then, the convergence has reversed. As of November 2025, New York’s average residential electricity prices are 49 percent higher than the national average.

Natural Gas

 

In November 2025, New York’s average residential natural gas price was $17.95 per thousand cubic feet, the 19th highest in the nation and 20 percent above the U.S. average.

 

New York vs. Neighboring States. New York’s prices were higher than those in New Jersey and Pennsylvania, but lower than those in Massachusetts.

Month-on-Month Change. In November, New York’s prices fell by almost 25 percent compared to October, similar to the 23‑percent decrease nationwide.

Year-on-Year Change. New York’s prices fell 8.5 percent compared to 12 months ago, while the U.S. average rose by 0.5 percent.

Intermediate-term. Compared to 2019, New York’s average price has risen by 44.2 percent—less than in New Jersey (47.8 percent) and Massachusetts (66.9 percent), but more than in Pennsylvania (38.2 percent) and Vermont (43.3 percent).

 

 

Long term. On average, New York’s prices generally follow national trends while remaining about 15 percent higher. However, over the past two decades, that gap has gradually narrowed.

Data notes. As the U.S. Energy Information Administration states, “EIA does not directly collect retail electricity rates or prices. However, using data collected on retail sales revenues and volumes, we calculate average retail revenues per kWh as a proxy for retail rates and prices. Retail sales volumes are presented as a proxy for end-use electricity consumption.” Similarly, for natural gas, EIA claims, “Price data are representative of prices for gas sold and delivered to residential, commercial, and industrial consumers. These prices do not reflect average prices of natural gas transported to consumers for the account of third parties or “spot-market” prices… All average prices… are computed by dividing the reported revenue by its associated sales volume.”

January 2026 Energy Data Bulletin, pdf version