April 2026

Summary and Insights

Electricity. In January 2026, New York’s average residential electricity price was 28.3 cents per kilowatt-hour (kWh). New York ranked sixth – highest among the states and 62 percent above the U.S. average. Prices increased 3.6 percent from December 2025 and were 12 percent higher compared to a year ago.

Natural Gas. Average residential natural gas prices remained virtually unchanged from the previous month and 10.8 percent higher than a year ago, closely reflecting a national trend. At $16.01 per thousand cubic feet, New York has the 19th-highest natural gas prices, 15 percent higher than the U.S. average.

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 January 2026, New York ranked 6th among all states in average residential electricity prices. At 28.37 cents per kWh, this was 62 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 in Massachusetts.

Month-on-Month Change. New York’s price increased by 3.6 percent, significantly higher than the national average of 1.2 percent, and higher than all neighboring states, except for Connecticut.

Year-on-Year Change. Compared to January 2025, the price rose by 12 percent, higher than the U.S. average increase of 9.5 percent. Although prices rose faster in Pennsylvania and New Jersey, they remained significantly lower than in New York.

Intermediate-term. New York’s average electricity prices have climbed 64 percent since 2019, a rate that surpasses increases in neighboring states and exceeds the national average by 24 percentage points.

Long term. New York’s electricity prices have consistently exceeded the U.S. average. Over the past two decades, the gap narrowed steadily—from 80 percent in 2001 to 40 percent by 2019. Since then, that trend has reversed. As of January 2026, the dollar gap between New York and the national average was the largest since 2001.

Natural Gas

In January 2026, New York’s average residential natural gas price was $16.01 per thousand cubic feet, the 19th highest in the nation and 15 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 January, New York’s prices remained almost unchanged compared to December, reflecting a 1 percent decrease nationwide.

Year-on-Year Change. New York’s prices rose 10.8 percent compared to 12 months ago, while the U.S. average rose by 12 percent.

Intermediate-term. Compared to 2019, New York’s average price has risen by 30.4 percent, lower than the U.S. average of 49 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.”

March 2026 Energy Data Bulletin  

February 2026 Energy Data Bulletin, pdf version

January 2026 Energy Data Bulletin, pdf version