Enter your zip code to instantly compare New York electricity rates and energy plans.
Since New York's electric deregulation in 1998, businesses have the power to choose their electricity provider. For businesses, large and small, the New York deregulated market allows you to compare energy plans from top energy suppliers and shop for the best rate. EnergyBot makes it as easy as purchasing a flight online.
Prior to deregulation, consumers were subject to local utility monopolies. All aspects of power generation, processing, delivery, and maintenance were owned by a handful of companies with little to no competition or choice for the consumer. As a result of a market monopoly, energy companies lacked sufficient motivation to improve their service and manage costs. For consumers, this resulted in higher energy costs and sub-par customer service. Deregulation ushered in a new era where energy suppliers were forced to compete for consumers and market share. As a consequence, energy suppliers had to improve their operations, service and lower fees to meet consumer demand and maintain their business. Now, consumers in New York have choice and control over their energy providers and can choose the best supplier, plan, and/or energy rate for their home or business.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utilities in New York include Con Ed, Central Hudson, New York State Electric and Gas, and PSEG Long Island. Each utility is responsible for transporting electricity from the generators to residential homes and businesses in their specific region of New York.
Energy providers in New York, like Direct Energy, Entrust, and Public Power are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to consumers (homeowners, renters, and businesses).
In most cases, the consumer, the homeowner, renter, or business, signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like cancellation fee policy.
It is estimated that New York is home to over 3 million small businesses in a wide variety of industries and categories. Small businesses in New York make up 99% of the total businesses in the state with the remaining 1% being large or enterprise level companies.
As of the latest SUSB census, New York small businesses employed 2 million people in the state. The 3.8 million small business employees represent 51% of the total employees in New York.
Energy choice, also known as energy market deregulation, allows New York Business Owners to choose their energy supplier and energy rate. New York has been a deregulated since the New York Public Service Commission (PSC) passed Competitive Opportunities Case legislation in 1996 with the objective of having a competitive retail market by 1998.
EnergyBot is an online marketplace that helps businesses quickly and easily compare energy suppliers, plans, and rates in their area. With the simple goal to help businesses switch to the best energy for their business, EnergyBot cuts out the middleman – energy consultants and energy brokers, and enables businesses to switch online. EnergyBot also eliminates the fees and sales commissions that businesses may pay when using a traditional energy broker.
In New York, energy brokers may advertise promotional rates and offer their services free of charge – which is not exactly the truth. Most energy brokers “bake in their commissions and fees” into the energy rate (per kWh) that businesses will pay – which means that a business may pay a higher rate than necessary when using a broker. EnergyBot rates are simple and transparent and published on our site every day for businesses to review and compare.
The goal of energy market deregulation was to create competition among energy suppliers so that they would be more efficient and ultimately offer lower, more competitive rates, to consumers. Unfortunately, most businesses and residential consumers have found that comparing energy plans is overly complicated and confusing.
EnergyBot makes energy simple. With a fast and transparent online experience, businesses can now compare plans and select an energy rate in just a few minutes. With basic information about your business and energy usage, EnergyBot will quickly compare current rates from top energy suppliers and provide a list of recommended plans for your business. Switching to a new energy plan is now as easy as booking a flight online.
EnergyBot makes it easy to switch energy providers. Simply visit our website, compare and select energy plans in your area, submit the necessary business information, and then upload your most recent energy bill. The EnergyBot team will seamlessly work with your new supplier to make the switch to the new energy plan. And the energy service to your business will continue without interruption.
You will pay your electricity bill directly to your local utility company. EnergyBot will never send you a bill.