Binghamton Electricity Rates
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Residents living in Binghamton, NY have the power to shop for an electric supplier and lower the supply rate on the electric bill. Thanks to the passage of the Competitive Opportunities Case, the utility companies no longer have a monopoly over the energy market. Competing energy suppliers can offer generation or supply services to residents living in Binghamton. Introducing competition into the energy market has helped push down energy prices in the state and given customers more leverage when it comes to choosing an energy plan.
The city of Binghamton is located on the southern side of New York and sits just over 180 miles from New York City. The city has a population of just under 50,000. Given its geographical location, Binghamton is subject to cold harsh winters with an average snowfall over 80 inches. The cold winter tends to increase the demand for energy which can sometimes push up prices.
Binghamton Utility Companies
Binghamton, NY is located in the New York State Electric and Gas (NYSEG) service area. NYSEG is responsible for maintaining and managing the power lines that deliver power to homes and businesses within its service area. If you’re planning on moving to the city then you will need to set up your electricity account with NYSEG.
Binghamton Power Outages
If you experience a power outage then you will need to contact NYSEG. The utility company is responsible for fixing all power outages within its service area. Thanks to larger investments into the infrastructure, potential power outages can be detected and diverted before they can occur.
- NYSEG Power Outage Number: 1-800-572-1131
Binghamton Renewable Energy
Eligible customers living in the NYSEG service area can participate in the Wind Energy program. Participating in the Wind Energy program can help reduce carbon dioxide emissions. According to NYSEG, buying a block of 200 kilowatt-hours of wind-generated electricity every month for a year is the equivalent of not driving just over 2,000 miles.
Energy choice has made renewable energy plans more accessible to Binghamton residents. More energy suppliers are offering customers 100% renewable energy plans. Renewable energy generates power from renewable energy sources such as hydropower, solar, and wind power. If you’re looking to cut down on your carbon footprint, then a renewable energy plan will be the way to go!
Choosing an Electric Supplier
If you’re living in Binghamton then take advantage of energy choice! Many energy suppliers provide electricity rates in New York. Choosing the right energy supplier mostly depends on personal preferences. The right electric supplier for you may not be the same one your neighbor selects. Below are a few questions to keep in mind while shopping for a new energy plan.
Do You Offer 100% Renewable Energy?
More energy suppliers are getting on board with 100% renewable energy plans. If you’re looking to go green then this is a question you may want to ask. It is important to note, these plans usually come with a high premium. As technology improves for generating power from renewable energy sources, we can expect these prices to come down.
Is There an Early Cancellation Fee?
Most energy plans will contain an early cancellation fee if you change electric suppliers before the expiration of the term. Early cancellation fees can come in the form of a flat fee or a fixed fee multiplied by how many months remain in the agreement. Early cancellation fees can cost up to $300!
Are There Additional Fees?
If you come across a supply rate that looks too good to be true, then it probably is. Energy plans that advertise a low supply rate usually have additional fees added to the rate. The most common fee is the monthly base charge. Adding up the additional charges can make the plan more expensive than initially thought.