New York State has been a leader in the transition to renewable energy. The New York State Energy Research and Development Authority (NYSERDA) was created in 1975, and offers objective information, innovative programs, and technical expertise to help New Yorkers increase energy efficiency and switch to renewable energy. This organization has gone through many changes over the years, but remains committed to its mission of accelerating New York’s transition to renewable energy.
In 2016, New York Governor Andrew Cuomo adopted a “Clean Energy Standard,” which ensures that half of New York’s energy will come from renewable sources by 2030. The “50 by 30” standard is supported by a $5 billion “Clean Energy Fund,” which will be administered by the NYSERDA. Through government action and individual efforts, New York renewable energy is growing faster than ever.
New York Electricity Prices
Residential electricity prices are on the rise in New York. According to the U.S. Energy Information Administration, the average retail price of electricity for New York residents in November 2016 was 17.75¢ per kWh, a whopping 5¢ above the average U.S. electricity price of 12.75¢ per kWh.
New York Energy Mix
Net Electricity Generation By Source:
Source: Energy Information Administration, 2016
New York's electricity production from coal has fallen almost 90% since 2001. Over the same time period, wind power has risen from 0% of total production to about 3%. That's a lot of wind turbines!
New York Energy Sector Employment
A 2016 report published on renewable energy jobs in New York found that renewable energy employs more than 85,000 people in New York. The largest electric company in the state is Consolidated Edison (Con Edison), which employs 13,383 people. New York State Electric and Gas Corporation, Rochester Gas and Electric, and Constellation Energy Group are some other large New York electric companies. New York also has more than 611 solar companies, such as BP Solar, that provide thousands of well-paying jobs for the state.
Fun fact: more Americans are employed by renewable energy than coal, oil, and gas combined, despite wind and solar energy only making up 5% of the total U.S. energy mix. According to a study from the University of California, Berkeley, solar energy creates over 7 times more jobs than coal or oil per MWh produced. The employment estimates for wind power differ from source to source, but most agree that it also produces more jobs than fossil fuels.
New York Utility Companies
The largest utility companies in New York are Consolidated Edison (Con Edison), New York State Electric and Gas Corporation (NYSEG), and Rochester Gas and Electric (RG&E). Previously in New York, one utility company controlled the entire flow of electricity, from production to distribution. However, the New York energy market has since been “deregulated,” meaning that some elements of the service, such as electricity prices, can be set by other companies. This gives New York businesses and homeowners the power to choose their electricity supplier.
Your local utility is still responsible for distributing electricity to every home in your area. In return, they send you a monthly bill, which you must pay to keep the electricity flowing. By default, they also produce or purchase your electricity. However, New York’s deregulated energy market allows you to switch electricity suppliers to take advantage of lower electricity prices.
Many renewable projects have been built in New York by utility companies. There are also several large retailers in New York investing in renewable energy, including Walmart, Kohl's, Macy's, and Target.
Consolidated Edison (Con Edison)
• Generates and distributes electricity, natural gas, and steam
• Number of customers served: 10,000,000
• Primary service areas: New York City and Westchester
New York State Electric and Gas Corporation (NYSEG)
• Generates and distributes electricity and natural gas
• Number of customers served: 881,000
• Primary service areas: Upstate New York
Rochester Gas and Electric (RG&E)
• Generates and distributes electricity and natural gas
• Number of customers served: 371,000
• Primary service areas: Rochester
Arcadia's New York Renewable Energy Services
With Arcadia’s clean energy offerings, homeowners and renters across the state can now sign up to reduce their impact, be more energy efficient, and save on their energy bills while keeping their same utility company. Here are three programs currently available to New York residents:
As a New York utility customer, you can reduce your impact by matching your home’s electricity usage with renewable energy certificates from wind farms. You can sign up for our 50% Wind Energy plan for free, and begin service with your next utility bill. All you need is your local utility login to link up with Arcadia’s platform and start supporting wind farms each month at no extra cost to you.
We offer a community solar-savings program to homeowners and renters in New York. No matter where you live, you can subscribe to community solar projects across the country and start saving on your utility bill each month. There aren’t any installations, site visits, or equipment necessary, and if you move, your savings will even move with you.
Zero-down Energy Efficient Products
Our pay-as-you-save energy program enables New York utility customers to access energy efficient products for $0 down. We will offer LED light bulbs, Wiser Air Smart Thermostats, and other home energy products to help you be more efficient and save on your utility bills. As an Arcadia customer, you can simply pay for your efficient products over time using the energy savings you’ll start seeing each month.