June 2026

Summary and Insights

Electricity. In March 2026, New York’s average residential electricity price was 28.55 cents per kilowatt-hour (kWh). New York ranked 7th highest among the states and 50 percent above the national average. Prices decreased 4.8 percent from February and were 12.2 percent higher compared to a year ago.

Natural Gas. In March 2026, New York’s average residential natural gas price was $18.90 per thousand cubic feet, which is the 11th highest in the nation and higher than the U.S. average of $16.30. Prices increased 15.1 percent from February and were 17.4 percent more than a year ago.

Trends. In March 2026, New York’s average residential natural gas price was $18.90 per thousand cubic feet, which is the 11th highest in the nation and higher than the U.S. average of $16.30.

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 March 2026, New York ranked 7th among all states in average residential electricity prices. At 28.55 cents per kWh, this was 50 percent above the U.S average.

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

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

Month-on-Month Change. New York’s electricity price decreased by 4.8 percent, while the national average increased by 6.7 percent.

Year-on-Year Change. Compared to March 2025, New York’s prices increased by 12.2 percent, faster than the U.S. average of 10.2 percent.

Intermediate-term. New York’s average electricity price has increased 69.4 percent since 2019, significantly faster than the national average.

Long term. New York’s prices are significantly higher than the national average, with the gap increasing since 2019.

Natural Gas

In March 2026, New York’s average residential natural gas price was $18.90 per thousand cubic feet, which is the 11th highest in the nation and higher than the U.S. average of $16.30.

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

Month-on-Month Change. New York’s prices increased by 15.1 percent, almost double the national average.

Year-on-Year Change. Compared to March 2025, New York’s prices increased by 17.4 percent, more than the U.S. average of 11.1 percent.

Intermediate-term. Compared to 2019, New York’s average price increased by 74.0 percent, almost the same as the U.S. average of 72.5 percent.

Long term. On average, New York’s prices generally follow national trends while remaining about 15 percent higher.

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.”

April 2026 Energy Data Bulletin

March 2026 Energy Data Bulletin  

February 2026 Energy Data Bulletin, pdf version

January 2026 Energy Data Bulletin, pdf version