New York
New York Deregulation
In 1998, New York opened its electric industry to retail competition to help lower New York's retail electricity rates, which have been among the highest in the Nation, and to encourage investment in more efficient and environmentally friendly generation plants. To help establish a competitive market in electricity, utilities throughout New York State have sold many of the electric generation plants they owned. New retailers like Liberty Power have entered the market as Electricity Service Companies (ESCOs).
Market Structure
Each utility has a different deregulation plan approved by the State, so rates will not be uniform across the State. Customers that receive bundled services are charged a floating rate called the Market Supply Charge (MSC) for the energy portion of their bill. The MSC is based on the wholesale price of electricity that is established by the New York Independent System Operator. Your bill for electricity will separate (unbundle) charges. If you choose an ESCO you may receive two bills: one bill from the ESCO for electricity supply and other products it sells to you, and one from the utility for transmission and delivery charges.
Service Territories
Liberty Power is certified by the New York Public Commission and has supplied electricity since 2002 to small and mid-sized businesses, national accounts, and government & institutional entities in the service territories of:
- Consolidated Edison Company
- Orange and Rockland Utilities
- New York State Electric & Gas Corporation
- Niagara Mohawk Power Corporation
- Rochester Gas and Electric
TO REQUEST AN ELECTRICITY FACT LABEL, CONTACT US AT powerup@libertypowercorp.com.