Enter your zip code to compare Buffalo electricity rates and electric companies.
By Thad Warren
This section highlights the average Buffalo electricity rates for residential and commercial customers.
New York energy deregulation began in 1999 with the founding of the New York Independent System Operator, NYISO. This organization is responsible for managing New York’s electric grid as well as the competitive marketplace. NYISO provides data and analysis pertaining to New York’s power system to ensure reliability and transparency.
The deregulated market opened energy supplier up to competition- forcing them to be more efficient as it relates to both service and price. Buffalo businesses of all sizes can compare energy plans from top energy suppliers and shop for the lowest energy rates, taking advantage of the competitive market and managing their monthly electricity costs.
The PSC, or Public Service Commission of New York State, provides a variety of services to protect and assist utility customers. This includes service quality, competition, and metering for electricity. The PSC was created to assure the residents of New York State have adequate, efficient, reliable, and safe public utility services at a fair price.
In doing so, the PSC impacts every business in Buffalo – as it regulates all providers of utility services, including electric and natural gas companies, local and long-distance telephone companies, water companies, and steam generators. The PSC is responsible for ensuring that the utility companies regulated by the PSC are responsive to the needs and concerns of individual consumers and to the public.
As a Buffalo business owner, it is important to understand that the PSC is also synonymous with the “NYS Power to Choose” energy comparison charts.
Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. The local utility in Buffalo is North American Power and is responsible for transporting electricity from the generators to residential homes and businesses in this specific region.
Energy providers in New York, like Constellation and Direct Energy 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.
Energy choice, also known as energy market deregulation, allows Buffalo business owners to select their energy supplier. Mount Vernon has been a deregulated market since May 1999.
Energy spend can be a significant line item on your businesses operating budget. In addition to investing in energy efficiency you can save money on your energy bills by shopping business energy suppliers and finding the lowest rate possible.
Energy pricing vary greatly based on how much energy your business uses, market conditions, and numerous other factors. It can get complex quickly.
You can quickly search energy rates for your business here. Our system combines market data and your business energy usage to find you the lowest rate possible.
Finding a new electricity provider in Buffalo is simple with EnergyBot. Follow these simple steps to
get the lowest electricity rate in Buffalo.
Enter your zip code at the top of this page and you can quickly see plans from the top Buffalo
electric
companies. For even better pricing use our data linking tool to pull in your historic usage from your
utility.
Energy plans often have long confusing contracts. We don't like teaser rates and tricky terms, so we
filter out the plans that trick customers into bill spikes. Each plan you see on our site has plan
details.
This breaks down the most important information about the plan into a way that is easy to understand.
Once you have decided on a new energy plan for your home business just follow the prompts to confirm. Once you're done, we give you dashboard to see the status of your contract.
Buffalo energy providers offer rates and plans with a range of options and terms. While you will see
many types of plans for the most part they are in two categories: fixed-rate and variable rate.
Fixed-rate plans will have a set price for the term of the contract. Regardless of weather, natural events, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months. We recommend fixed-rate plans for most customers.
Variable-rate plan rates may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but present more volatility in pricing. Price changes may impact your monthly electricity bill in the form of price hikes. In most cases, we do not recommend variable-rate plans.
|
Provider
|
Term
|
Rate
|
|---|---|---|
|
6 months
|
8.20¢
|
|
|
6 months
|
8.60¢
|
|
|
6 months
|
9.00¢
|
|
|
6 months
|
9.00¢
|
|
|
36 months
|
9.00¢
|
Buffalo is New York state’s second largest city. The city is located on the Niagara River, which connects Lake Erie and Lake Ontario. It was inhabited in the 17th century by the Native American Iroquios tribe and later by French settlers. Buffalo is nicknamed “The City of Light” due to its early embrace of electric power.
The city is known for its urban planning and layout, inclusive of a system of parks and architectural works. The Albany culture is a blend of Northeastern and Midwestern traditions with annual festivals and a music and arts scene.
Industrial, light manufacturing, technology, and professional services are the primary sectors in Albany that are helping drive the economy. The city’s largest employer is The State of New York, with over 15,000 employees. A shift in traditional manufacturing jobs caused an economic decline, which has improved as a result of new construction and increased economic development.
Buffalo has been the source of major leaps in research and development in the life sciences field. The city continues to diversify its economy in financial services (three major banks are headquartered there), as well as tech with the development of the “Byte Belt’ which includes 700 high-tech companies.
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