Energy Data Bulletin
October 2026
Summary and Insights
Electricity. In July 2026, New York had the nation’s fifth-highest residential electricity price at 29.90 cents per kilowatt-hour (kWh), 63.3 percent above the U.S. average. Prices increased 1.4 percent from June and were 14.0 percent higher than a year earlier.
Trends. New York households continued to pay well above-average residential electricity prices in July 2026. The state’s price was 11.59 cents per kWh higher than the U.S. average, and New York’s premium has widened noticeably since 2021.
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 July 2026, New York ranked fifth among all states in average residential electricity prices. At 29.90 cents per kWh, this was 63.3 percent above the U.S. average. Hawaii, California, Maine, and Massachusetts reported higher average residential electricity prices than New York this month.
New York vs. Largest States. Among the nation’s largest states, only California reported higher residential electricity prices than New York, while Florida and Texas remained substantially lower.
New York vs. Neighboring States. Among neighboring states, New York’s residential electricity prices were higher than those in Connecticut, Massachusetts, New Jersey, Pennsylvania, and Vermont.
Month-on-Month Change. New York’s residential electricity price increased by 1.4 percent between June and July, while the national average decreased by 0.2 percent.
Year-on-Year Change. New York’s residential electricity price increased faster than the national average over the past year: 14.0 percent compared with 4.9 percent.
Intermediate-term. New York’s average electricity price has increased 60.4 percent since 2019, significantly faster than the national average increase of 38.1 percent.
Long term. As of July 2026, New York’s average residential electricity price was 11.59 cents per kWh higher than the U.S. average. New York has consistently recorded residential electricity prices above the national average, with the gap widening noticeably since 2021.
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 states, “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.”
September 2026 Energy Data Bulletin
August 2026 Energy Data Bulletin
July 2026 Energy Data Bulletin
June 2026 Energy Data Bulletin
April 2026 Energy Data Bulletin
March 2026 Energy Data Bulletin