Commercial electricity and gas rates, energy market structure, regulations, and utility providers for property managers operating in New York.
New York has a fully deregulated electricity market, allowing commercial customers to choose their energy supplier (ESCO) while distribution remains with regulated utilities like Con Edison and National Grid. The NY Public Service Commission oversees retail choice, and large commercial accounts can negotiate supply contracts directly or through energy brokers.
What this means for property managers:
In New York's deregulated market, you can shop for competitive electricity supply rates from third-party providers. This creates opportunities for cost savings through contract negotiation, but also requires active management of supply contracts, renewal timelines, and market price monitoring. Distribution charges remain fixed with your local utility.
Commercial customers can choose their electricity supplier from competitive providers.
Rising
Commercial electric rates up 12% YoY, driven by transmission infrastructure investment and capacity market price increases in NYISO Zone J (NYC).
New York does not have a statewide benchmarking mandate, but New York City enforces some of the nation's most stringent building energy and emissions laws including Local Law 97 (carbon caps with $268/ton penalties), Local Law 84 (annual benchmarking), and Local Law 88 (lighting and sub-metering). The Climate Leadership and Community Protection Act (CLCPA) sets aggressive statewide emissions reduction targets of 40% by 2030 and 85% by 2050.
See how Conduit automates utility management for commercial real estate portfolios in New York.
Request a Demo →