In terms of area, New York is the 27th largest U.S. state and the third most populous. New York City (NYC), the most populous city in the country, and is home to more than 8.3 million people, making up nearly half of the population of New York. Residents of “The Big Apple” live within less than one percent of the area of the entire state! On a daily basis, about 32 percent of the state’s electrical load is located in Zone J (NYC), yet less than 25 percent of the state’s power generation is located there. The natural flow of electricity in the state funnels down into the NYC area from the rest of the state because the demand is so high there. Understanding these unique facts provides insight into the great disparity in energy and capacity prices between NYC and the rest of the state.
Energy price disparity in New York City
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