Electricity Prices in New York by Year, 1979–2024
A kilowatt-hour of electricity in the New York area cost $0.088 in January 1979 and $0.272 in Dec 2024, up 209%. Overall U.S. prices rose 390% over the same time, so after inflation it actually got cheaper.
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New York U.S. average
Electricity price history in New York
New York area, per kilowatt-hour. "In Aug 2026 dollars" adjusts each price for inflation with the national CPI.
| Year | New York | In Aug 2026 dollars | U.S. average |
|---|---|---|---|
| Dec 2024 | $0.272 | $0.27 | $0.196 Aug 2026 |
| Jan 2024 | $0.265 | $0.29 | $0.173 |
| Jan 2023 | $0.243 | $0.27 | $0.168 |
| Jan 2022 | $0.256 | $0.31 | $0.147 |
| Jan 2021 | $0.213 | $0.27 | $0.136 |
| Jan 2020 | $0.199 | $0.26 | $0.134 |
| Jan 2019 | $0.202 | $0.27 | $0.135 |
| Jan 2018 | $0.202 | $0.27 | $0.135 |
| Jan 2017 | $0.189 | $0.26 | $0.134 |
| Jan 2016 | $0.186 | $0.26 | $0.134 |
| Jan 2015 | $0.208 | $0.30 | $0.138 |
| Jan 2014 | $0.232 | $0.33 | $0.134 |
| Jan 2013 | $0.202 | $0.29 | $0.129 |
| Jan 2012 | $0.189 | $0.28 | $0.128 |
| Jan 2011 | $0.193 | $0.29 | $0.125 |
| Jan 2010 | $0.194 | $0.30 | $0.124 |
| Jan 2009 | $0.192 | $0.30 | $0.126 |
| Jan 2008 | $0.183 | $0.29 | $0.116 |
| Jan 2007 | $0.168 | $0.28 | $0.113 |
| Jan 2006 | $0.169 | $0.29 | $0.108 |
| Jan 2005 | $0.141 | $0.25 | $0.094 |
| Jan 2004 | $0.133 | $0.24 | $0.091 |
| Jan 2003 | $0.123 | $0.23 | $0.089 |
| Jan 2002 | $0.121 | $0.23 | $0.089 |
| Jan 2001 | $0.149 | $0.29 | $0.088 |
| Jan 2000 | $0.128 | $0.25 | $0.084 |
| Jan 1999 | $0.134 | $0.27 | $0.084 |
| Jan 1998 | $0.139 | $0.29 | $0.086 |
| Jan 1997 | $0.138 | $0.29 | $0.092 |
| Jan 1996 | $0.137 | $0.30 | $0.091 |
| Jan 1995 | $0.137 | $0.31 | $0.091 |
| Jan 1994 | $0.135 | $0.31 | $0.090 |
| Jan 1993 | $0.131 | $0.31 | $0.089 |
| Jan 1992 | $0.119 | $0.29 | $0.085 |
| Jan 1991 | $0.122 | $0.30 | $0.084 |
| Jan 1990 | $0.117 | $0.31 | $0.081 |
| Jan 1989 | $0.108 | $0.30 | $0.079 |
| Jan 1988 | $0.107 | $0.31 | $0.078 |
| Jan 1987 | $0.109 | $0.33 | $0.075 |
| Jan 1986 | $0.149 | $0.46 | $0.081 |
| Jan 1985 | $0.153 | $0.49 | $0.079 |
| Jan 1984 | $0.144 | $0.47 | $0.078 |
| Jan 1983 | $0.140 | $0.48 | $0.075 |
| Jan 1982 | $0.135 | $0.48 | $0.073 |
| Jan 1981 | $0.123 | $0.47 | $0.063 |
| Jan 1980 | $0.104 | $0.45 | $0.053 |
| Jan 1979 | $0.088 | $0.43 | $0.046 |
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Source
U.S. Bureau of Labor Statistics, Average Price Data, series APUS12A72610 (via FRED). Prices are January averages for urban areas; the newest row is the latest month published. Inflation adjustment: BLS CPI-U, all items (FRED CPIAUCNS).
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