Trystan Casey
Con Edison offers several rate options for its customers, including standard residential and non-residential rates, time-of-use rates, and demand rates. The standard rate charges customers based on their total electricity consumption, measured in kilowatt-hours (kWh). The time-of-use rate offers discounted prices for electricity used during off-peak hours and non-summer months, while the demand rate charges customers based on their consistent energy usage throughout the billing cycle, measured in kilowatts (kW). Con Edison also provides rate calculators to help residential and business customers estimate their electricity costs, taking into account factors such as location, consumption, and time of use. These rates are set forth in schedules or tariffs filed with the New York State Public Service Commission, which regulates the state's electric utilities and approves their rates.
| Characteristics | Values |
|---|---|
| Rate Calculation | The rate is calculated based on the total amount of electricity used, measured in kilowatt-hours (kWh). |
| Standard Residential and Non-residential Rates | You pay the same price per kWh regardless of the time of day. |
| Time-of-Use Rates | You pay a lower price per kWh during off-peak hours and non-summer months. |
| Demand Rates | You are charged based on your consistent energy usage throughout the billing cycle, measured in kilowatts (kW). |
| Market Supply Charge | The charge depends on your location (zone) and electric rate or service classification. It is calculated per kWh. |
| Super-peak Pricing | Higher charges during summer weekdays from 2 PM to 6 PM. |
| Small Business Time-of-Use Rate | Lower rates during off-peak hours (Monday-Friday 10 PM to 8 AM and weekends). |
| Residential Time-of-Use Rate | Lower rates during off-peak hours (Midnight to 8 AM) from October to May. |
| Sub-metered Buildings | Use the calculator to determine charges if billed directly by Con Edison. |
| Electric Vehicle Charging | Use the calculator to estimate fuel cost savings and choose a cost-effective rate. |
| Rate Schedules | Rates and terms are set forth in schedules or "tariffs" filed with the New York State Public Service Commission (NYPSC). |
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What You'll Learn
Time-of-use rates
Con Edison offers a time-of-use rate plan for both residential and small business customers. This plan can help you save money on your electric bill by charging you less for electricity during off-peak hours and during non-summer months.
Under the residential time-of-use rate, you will pay less than the standard rate for electricity between October and May. During the summer months (June to September), you will need to shift your energy use to off-peak hours (midnight to 8 am) and avoid using large devices and appliances during peak times, as well as the super-peak period (weekdays from 2 pm to 6 pm).
The small business time-of-use rate is similar, with off-peak hours considered to be Monday through Friday 10 pm to 8 am, and all day on weekends. During the summer, you will need to shift your energy use to these off-peak hours and avoid using large devices during peak times.
The time-of-use rate has a monthly customer charge of $20 for residential customers and \$33 for small business customers. However, these rates do not include various surcharges and will not equal the rates presented on your bill. The standard rate has the same monthly customer charge of $20 or $33, but with electricity supply included.
It's important to note that the effectiveness of the time-of-use rate plan depends on your situation. For example, if you generate energy from solar panels, use heat pumps, or have a larger home, the time-of-use rate may result in significant savings. On the other hand, if you spend a lot of time at home during weekday afternoons or live in a small apartment, you may not see much benefit from this plan.
Con Edison provides rate calculators on their website to help you understand what your pricing might look like under the time-of-use rate plan. You can also email or mail a request to switch to the time-of-use rate, but you must remain on this plan for one year, and you will be unable to re-enroll for 18 months if you switch back to the standard rate.
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Standard rates
The standard rate plan is the default rate plan for all residential customers who haven't chosen another plan. This rate is based on the number of kilowatt-hours (kWh) of electricity used during the billing period. The rate for electricity under this plan is typically higher during the summer (on-peak) than during the winter (off-peak). The summer period is usually defined as being from June 1 through September 30, while the winter period covers the rest of the year.
For the summer, the rates are generally as follows:
- On-peak: Around 26-27 cents per kWh
- Off-peak: Approximately 15-16 cents per kWh
For the winter, the rates are usually adjusted:
- On-peak: Around 22-23 cents per kWh
- Off-peak: Approximately 9-10 cents per kWh
These rates are subject to change and are typically adjusted seasonally or twice a year. It's important to note that the standard rates are generally higher than the other rate plans offered by energy providers, such as the Time-of-Use plan or demand-response plans, which offer incentives for shifting energy usage to off-peak hours or reducing consumption during peak periods.
Additionally, the standard rates do not include any potential surcharges, fees, or taxes that may be applied to your bill. These additional charges can include things like utility taxes, public benefit charges, regulatory costs, or other assessments. As such, it's always important to carefully review your bill to understand the breakdown of charges and stay informed about any potential changes in rates or surcharges.
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Super-peak pricing
Con Edison offers a variety of rate options, including standard residential and non-residential rates, time-of-use rates, and demand rates. Under the standard rate, you pay the same price per kilowatt-hour (kWh) regardless of the time of day you use energy.
The time-of-use rate, on the other hand, offers a lower price per kWh during off-peak hours and non-summer months. During the summer, from June to September, you are encouraged to shift your energy use to off-peak hours (midnight to 8 am) and avoid using large devices during peak times, especially during the super-peak period.
The super-peak period for Con Edison occurs on weekdays between 2 pm and 6 pm during the summer months. During this time, super-peak charges are significantly higher than supply charges during the rest of the day. To save money, customers are advised to power down or reduce their electricity usage during these super-peak periods.
It is important to note that super-peak pricing does not apply to all customers. Those who purchase their electricity supply from energy service companies are exempt from super-peak pricing. Additionally, if you switch to the time-of-use rate, you must remain on this rate for one year, and if you switch back to the standard rate, you will be unable to re-enroll in the time-of-use rate for 18 months.
Con Edison also offers a Select Pricing Plan, which bases your delivery charges on the days your home uses the most electricity during an hourly period. During peak hours, delivery charges are higher, while during off-peak hours, they are lower. To save money, customers can stagger their energy use, especially with large electric devices, and shift their energy usage to off-peak hours.
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Rate usage calculations
Con Edison offers several rate options, allowing customers to choose the one that best suits their needs. The standard residential and non-residential rates are based on the total amount of electricity used, measured in kilowatt-hours (kWh). The price per kWh remains constant regardless of the time of day.
On the other hand, the time-of-use rates offer a lower price per kWh during off-peak hours and non-summer months. This rate is beneficial for those who can shift their energy usage to off-peak hours, which are from 10 pm to 8 am on weekdays and all day on weekends. During the summer, from June to September, super-peak pricing comes into effect on weekdays from 2 pm to 6 pm, with significantly higher charges.
For small businesses, the time-of-use rate can result in savings compared to the standard rate. The monthly customer charge for the time-of-use rate is $33, while the standard rate is also $33. It's important to note that these rates don't include various surcharges, so the final bill amount may differ.
Con Edison provides rate calculators to help residential and business customers estimate their potential costs. These calculators can be used to determine market supply charges, explore EV charging station costs, and compare rates for sub-metered buildings.
Additionally, Con Edison's rates and terms are outlined in schedules, also known as tariffs, which are filed with the New York Public Service Commission annually and made accessible to customers.
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Market supply charge
The Con Edison electric bill consists of supply and delivery charges. The supply charges include the Market Supply Charge rate per kilowatt-hour, which is based on your location (or zone) and electric rate, or service classification. The Market Supply Charge rate depends on the billing method of the customer, with rates provided for ALL HOURS, ON PEAK, and OFF PEAK periods.
The Market Supply Charge rate can be determined using the Market Supply Charge Lookup File of historical rates for the most common billing FROM and TO dates based on the company’s meter-reading schedule. If the billing period FROM and TO date for a specific customer bill is not listed, use the Market Supply Charge Calculator to determine the Market Supply Charge rate. To obtain the Market Supply Charge rate for a specific bill, first determine the row in the Lookup File corresponding to the SC AND TYPE of customer and FROM and TO dates of the billing period. The SC AND TYPE of customer can be determined based on the rate which the customer is served, using the Rate Description Table.
If you live in a building that is sub-metered (a building with one master electric meter that supplies several living units through individual submeters), you can use the calculator to determine what your electric charges would have been if you had been billed by Con Edison directly. By regulation, your electric bill cannot exceed what Con Ed would have charged you for the same usage during the same period. Your calculated charges will vary depending on your zip code, the time period, and consumption that you enter.
Con Edison also offers a time-of-use rate, where you pay less than the standard rate for electricity during off-peak hours. During the summer months, you need to shift some of your energy use to off-peak hours and avoid using large devices and appliances during peak times, as well as during the super-peak period.
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Frequently asked questions
Con Edison offers standard residential and non-residential rates, time-of-use rates, and demand rates. Standard rates charge the same price per kilowatt-hour (kWh) regardless of usage time. Time-of-use rates offer lower prices during off-peak hours and non-summer months. Demand rates, including Select Pricing and Smart Energy Plans, charge based on usage consistency throughout the billing cycle, measured in kilowatts (kW).
Con Edison provides online calculators to estimate your electricity pricing. The Market Supply Charge Calculator determines your rate per kWh based on your location or "zone." If you reside in a sub-metered building, another calculator estimates your charges if billed directly by Con Edison.
Con Edison's rates and terms of service are set forth in schedules or "tariffs" filed with the New York State Public Service Commission (NYPSC). The current tariffs, including rate adjustments, are available on the NYPSC website.
