Compare Yonkers Electricity Rates - ElectricRateSelect.com

Yonkers Electricity Rates

Contents

1 Yonkers Electricity Rates
2 Yonkers Utility Companies
3 Yonkers Power Outages
4 Yonkers Basic Service Charge
5 Selecting an Energy Plan
6 Frequently Asked Questions
7 When Will I be Switched?
8 Are There Fees to Switch?
9 Are There Additional Fees?
10 What Happens at the End of my Term?
11 View by City
12 Clean Energy
13 Electricity Rates

Residents living in Yonkers, NY have the power to choose their electric supplier and lower the supply rate on the electric bill. New York is one of many states that have deregulated the electricity market allowing outside energy suppliers to provide electricity rates to New Yorkers. Yonkers electricity rates have become more competitive thanks to the increase in competition that has given residents more options when it comes to lowering their bills. Before energy deregulation, the utility companies had a monopoly over the generation, transmission, and delivery of power in their respective service areas. Energy choice has taken away this monopoly and has given more power to the consumers.

Yonkers Utility Companies

Con Edison is the utility company that is responsible for controlling power lines that deliver electricity to residents of Yonkers. If you’re planning on moving to the city then you will need to set up the electricity account through Con Edison. Delivering the power to homes and business represents the regulated section of the electric bill. The delivery charge is overseen by the New York Public Service Commission (PSC).

Yonkers Power Outages

If you change electric suppliers and experience a power outage, then you will need to contact the utility company. Con Edison is responsible for fixing all power outages within its service area. Thanks to greater investments into the power grid system, potential power outages can be detected and diverted before they can occur.

Con Edison Customer Contact Number: 1-800-752-6633

Yonkers Basic Service Charge

Con Edison is required to provide a default rate for supply services to residents that decide not to choose an alternate electric supplier. The default rate is often called the price to compare rate. Residents can use the price to compare while comparing energy plans. If an electric supplier is offering a supply rate lower than the price to compare then the customer will save by switching to the new provider.

Selecting an Energy Plan

With so many electric suppliers providing quality service to New Yorkers, how do you know which one to select? Energy suppliers can specialize in different energy plans. Knowing which energy plan is right for you depends on what you want out of it. Most people just want the lowest rate that will save the most money. However, there is a growing demand for 100% renewable energy products. 100% renewable energy plans can come both in fixed and variable rates.

Fixed rates do exactly what they say. You will not have to worry about your energy cost going up in a rising market. Fixed rates put a ceiling on the price. However, if the energy market drops then the customer may be stuck paying a higher rate.

Variable rates fluctuate monthly. Variable rates can change at the sole discretion of the energy supplier. If you believe energy prices may decrease in the future then you may still benefit from these plans. Most energy suppliers will not charge an early cancellation fee allowing the customer to change to a fixed-rate plan without having to pay a penalty.

Below are the pros and cons of some of the more popular energy plans.

Electric Rate Products	Pros	Cons
Fixed Rate	Remains fixed through duration of term Protects against market volatility Available to both commercial and residential customers	Might pay higher rate if energy market drops Comes with cancellation fee
Variable Rate	Most plans have no cancellation fees Available to both commercial and residential customers	Can easily double or triple in price Supplier can increase rate at their sole discretion
Index Rate	Historically lower than fixed rate plans Can be switched to a fixed rate plan without penalty Tied directly to the wholesale price of electricity	Exposure to market risk Only offered to large industrial size users
Renewable Energy Rates	A clean alternative solution Reliable source of power Available to both commercial and residential customers	You may pay a high premium More expensive than coal

Frequently Asked Questions

When Will I be Switched?

When you sign up with a new electric supplier you will be switched over on the next available meter read. A meter read cycle is typically every 30 days. This means if you signed up right after your meter read, then you will be switched over the following month. A customer may have to wait 2 months before the new rate is reflected on the energy bill.

Are There Fees to Switch?

Most energy suppliers will not charge a fee to switch. The switch is overseen and managed by the utility company. There will be no disruption in service so you will not have to worry about your lights turning off!

Are There Additional Fees?

If you come across an electricity rate that looks too good to be true then it probably is. Some energy suppliers will tack on additional fees to the rate such as a monthly base charge. All additional fees including any early cancellation fees can be found in the energy plan’s terms and conditions.

What Happens at the End of my Term?

When the initial energy agreement expires then expect the energy supplier to put you on a monthly variable rate. Once this happens don’t be surprised to have the electric bill double or even triple in price. We recommend shopping for a new energy plan a month before the current plan expires.