Electric Rates in Rochester NY.

New York is one of many states in the country with a deregulated electricity market. This deregulation leads suppliers to compete for business, as consumers like you get to choose who supplies your energy. Your supplier sets your rate for your energy. With the market constantly fluctuating, your current price may not be the lowest one around.

While your supplier decides your rate, your utility ensures your energy gets to your business and home. They maintain power lines and respond to outages, so they’re a primary contact for emergencies. In Rochester, your utility is Rochester Gas and Electric (RG&E).

Before you commit to a different supplier, you should decide what type of rate you want. Fixed rates stay the same during your contract, while variable rates fluctuate from month to month based on changes in the energy market. You should consider the state of the market and the level of risk you want to take when you sign.

It’s also essential that you find out when your current contract ends. If you cancel your agreement before the end date, you’ll likely have to pay early termination fees.