FOR IMMEDIATE RELEASE<\/p>\n
ALBANY, N.Y. \u2014\u00a0Empire Center\u2019s Energy Data Bulletin<\/a> shows New York households paid the third-highest residential electricity prices in the country in May 2026, trailing only Hawaii and California.<\/p>\n The latest U.S. Energy Information Administration data put New York\u2019s residential electricity prices at 29.93 cents per kilowatt-hour in May 2026.<\/p>\n \u201cThird highest in the nation is not where New York should want to be on electricity prices,\u201d said Zilvinas Silenas, president of the Empire Center. \u201cIf this is affordability, New Yorkers cannot afford it.\u201d<\/p>\n New York\u2019s prices rose 12 percent from a year earlier, twice the rate of increase for the U.S. average.<\/p>\n New York\u2019s prices are 62 percent higher than the national average, nearly double Florida\u2019s and more than 80 percent higher than Texas\u2019s. Households in neighboring New Jersey and Pennsylvania paid lower prices, at 23.27 cents\/kWh and 21.55 cents\/kWh, respectively.<\/p>\n \u201cNew York\u2019s energy policy is contributing to the higher costs we have warned about for years,\u201d said Silenas.<\/p>\n New York\u2019s average residential natural gas prices were 15 percent above the national average and ranked 19th highest in the U.S.<\/p>\n Read the August release of the Energy Data Bulletin here<\/a>.<\/p>\n \u00a0<\/p>\n Media contact:<\/p>\n Zilvinas Silenas
Empire Center for Public Policy<\/p>\n