New York State Electric & Gas

About New York State Electric & Gas

New York State Electric & Gas is an investor owned company operating in New York. With 816,936 customers, the supplier provides electricity to 728,657 residential locations, 87,722 commercial customers, one transportation customer and 555 industrial locations. The residential electricity rate for consumers of New York State Electric & Gas is, on average, 15.81 cents per kilowatt hour. Fortunately, this is 21.49% below the state's average rate of 20.13 cents, which ranks the provider 52nd out of 70 providers in the state for best average electricity rate. They had sales of 8,012,730 megawatt hours in 2022 sold to end users. Of the megawatt hours they sourced, 166,346 of them were generated by electricity generation facilities owned by New York State Electric & Gas and 9,710,629 megawatt hours were acquired by way of wholesale channels. In 2022, the company made a total of $1,798,116,800 from business activities relating to the sale and transfer of electricity. They had 3.41% of their revenue come from sales to the wholesale electricity market.

The New York average monthly residential electric bill is $124.06, while the New York State Electric & Gas average is 7.45% less at $113.98 per month. This is the 58th lowest average monthly bill amount for a supplier in the state. Based on megawatt hours produced, New York State Electric & Gas is the 337th largest out of 3526 electricity companies in the country. Dams and other hydroelectric facilities owned or operated by the electric supplier generate 166,347 megawatt hours, making the company the 5th largest producer of hydroelectric power out of 99 providers in New York. The supplier currently does not produce any of the electricity that they sell. Instead, they must purchase that electricity at wholesale rates from other companies and then resell it to end users.