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 831,339 customers, the supplier provides electricity to 739,104 residential locations, 91,696 commercial customers, one transportation customer and 537 industrial locations. The residential electricity rate for consumers of New York State Electric & Gas is, on average, 19.84 cents per kilowatt hour. Fortunately, this is 12.42% below the state's average rate of 22.66 cents, which ranks the provider 58th out of 69 providers in the state for best average electricity rate. They had sales of 8,016,728 megawatt hours in 2023 sold to end users. Of the megawatt hours they sourced, 233,345 of them were generated by electricity generation facilities owned by New York State Electric & Gas and 9,900,225 megawatt hours were acquired by way of wholesale channels. In 2023, the company made a total of $1,836,812,000 from business activities relating to the sale and transfer of electricity. They had 2.36% of their revenue come from sales to the wholesale electricity market.

The New York average monthly residential electric bill is $144.84, while the New York State Electric & Gas average is 4.88% higher at $151.83 per month. New York State Electric & Gas is the 62nd ranked company in the state for average monthly bill total. Electricity production is not handled in house at the company, as they purchase power at wholesale rates from other suppliers to then be resold to their customers. The supplier is able to generate 233,346 megawatt hours from hydroelectric power sources, which ranks them as the 74th largest generator of hydroelectric power out of 3530 companies in the US. Electricity production plants owned by or associated with New York State Electric & Gas produce a total of 233,347 megawatt hours, which is the 330th highest total in the US out of 3530 companies.