New York offers many choices for consumers when they are deciding on their energy provider. With a deregulated market for energy consumers are able to select their preferred energy service provider and plan, allowing them with the flexibility and freedom they require to save on their utility bills.
When you compare electricity rates there are two main charges that you must be aware of that are your electric supply cost and your utility delivery fee. If you’re trying to find an affordable rate on your next energy plan, you need to be aware of these charges and what they refer to for your total bill.
- Your electric supply charge (cents per kWh): This is the amount you pay to the supplier for the energy they supply to your utility company. This is the most important charge to consider when choosing a plan for electricity.
- Your utility delivery fee (cents per kWh) is the amount you pay for the energy that your utility company delivers to your home or business. This is the most expensive part of your electric bill. Before you look at electricity plans and suppliers it is important to understand what it is.
- The regulated supply fee (cents per kWh) of your utility: If you have an agreement for fixed rates with your electric provider, this is the amount that you pay to the utility for their supply.
- Your utility’s regulated delivery cost (cents per Kilowatt): New York Con Edison customers have the option of choosing their supply at the company’s “Price to Compare”. However, because of ny power to choose Choice program, they’re also free to switch to a new supplier that offers competitively priced electricity plans.
- Your utility’s regulated fee (cents/kWh). The Con Edison Supply Charge is an intricate set of charges that encompasses a wide range of factors that affect the cost of electricity. It can be extremely different at different seasons and is influenced by local weather conditions and demand patterns.
- The regulated supply charge of your utility (cents/kWh). This can make up a large portion of your electric bill. It is essential to know what the charge is and how much it is to enable you to compare providers and find plans that meet your needs.
- The regulated delivery fee of your utility (cents/kWh) If you’re in New York and your electric company offers you an agreement with a fixed rate, this is the amount you’ll be charged for energy they provide to your business or home. This is the most costly portion of your electric bill. It’s nonetheless important to know the nature of this charge and how much you’ll be charged so you can find the best electricity provider and plan that suit your needs.
The state of New York has made a large commitment to the production of renewable energy. With an emphasis on wind and hydropower generation, the Empire State is ranked fifth globally for producing energy from renewable sources. With a robust Clean Energy Standard, the state is hoping to generate 100 green electricity by 2040.