Last updated: March 20, 2009

The Truth about Power Your Way


Understanding the PowerYourWay program

The energy rate that you pay is the sum of two components: supply and delivery.

ConEd purchases its electricity from several different energy suppliers (ESCOs). However, ConEd still delivers the power to your house (it owns the wires and infrastructure), reads your meter, and will continue to send you a bill for the service. Using the PowerYourWay program, you are telling ConEd which ESCO to purchase energy from. ConEd will then pass on to you the energy supply price for this ESCO (every ESCO charges different rates). ConEd will bill you for the delivery price, which is normally around 7 ¢/KWH (see Historical ConEd Electricity Prices chart below). For more information on how this works, go to http://www.poweryourway.com.

To understand the program, take a look at the sample bill on ConEd's web site. The sample bill includes electricity and gas, but we track only electricity on the web site.

The New York Times explains the new Con Ed bill here (August 2, 2008).

If you switch to another ESCO, ConEd will continue to mail you your entire bill. However, the Supply Cost and Sales Tax (4%) will appear on a separate page in your bill.

Component

Sample bill rate

Description

Supply charges

13.3457 ¢/KWH

This is the rate charged by the ESCO to supply the energy to you. It varies by ESCO and by time of year, unless you are on a fixed-rate plan.

Basic service charge

$11.04

This charge does not include usage and does not depend on the ESCO or the amount of energy supplied.  It varies slightly each month.

Delivery rate

5.4200 ¢/KWH

This rate is charged by ConEd and can vary over time, but is usually around 7¢/KWH and is the same for all ESCOs.

SBC/RPS

0.2200

System Benefits Charge/Renewable Portfolio Standard fee does not depend on the ESCO.

Sales tax

4%

This tax is applied to the entire bill (all components). However, if you switch to an ESCO, it is waived for the Delivery rate and Basic service charge, but you will still be charged sales tax on the supply rate of your bill.

Customer Charge

$0 - $4

This monthly charge appears only if you switch to another ESCO from ConEd, and so it does not appear on the sample bill.  It varies from $0 to $4 or more.  The "Customer Charge" for Energetix is $0. 

PowerMove

PowerMove is a program offered by ConEd to encourage you to switch to an ESCO. This program is described on the HOME page.

Historical ConEd Electricity Prices

Date (meter reading)

Basic service charge ($)

Cost (¢/kwh)

Adjust. Factor (¢/kwh)

Supply cost (¢/kwh)

Merchant
Function
Charge

Delivery cost (¢/kwh)

SBC/RPS






11-Mar-09

13.36



7.77306

1.37

7.5978

0.2915

9-Feb-09

14.19



10.8374

1.12

8.2595

0.2907

8-Jan-09

13.77



11.1068

0.97

7.7260

0.2598

8-Dec-08

15.02



4.1255

1.31

8.4639

0.2510

4-Nov-08

12.95



7.6323

1.61

7.9013

0.2511

6-Oct-08

13.77



10.2033

1.58

8.1545

0.2439

5-Sep-08

13.36



21.3797

1.41

7.1504

0.2406

6-Aug-08

12.95



17.7623

1.25

6.3472

0.2415

8-Jul-08

14.19



13.7792

1.05

7.6208

0.2417

6-Jun-08

13.36



12.3041

0.97

7.2938

0.2423

7-May-08

12.95



11.6117

1.03

7.6702

0.2394

8-Apr-08

11.82



11.0880


7.3520

0.2400

10-Mar-08

12.57



14.4100


5.1522

0.2391

7-Feb-08

11.78



15.6000


5.2560

0.2400

8-Jan-08

12.57



10.6900


7.2016

0.2326

7-Dec-07

12.57



10.3400


7.3498

0.2305

5-Nov-07

12.17



10.9100


7.4478


5-Oct-07

11.39



10.4000


6.7085


6-Sep-07

12.18

21.2121

-3.3990

9.7


8.1131


7-Aug-07

11.77

22.3500

-0.7190

15.6


6.0310


9-Jul-07

13.00

21.5966

0.7425

15.5


6.8391


7-Jun-07

12.17

21.1129

0.6935

14.5


7.3064


8-May-07

11.81

19.1022

-0.1333

11.6


7.3689


9-Apr-07

11.94

18.2527

1.3226

13.0


6.5753


9-Mar-07

11.44

17.7463

-1.1990

8.5-12.8


8.0473


7-Feb-07

11.45

18.6020

-0.1692

10.6


7.8328


8-Jan-07

12.20

18.1982

-0.1659

11.2


6.8323


7-Dec-06

12.97

17.2500

-1.3664

7.6


8.2836


3-Nov-06

11.04

19.1909

-1.1955

10.6


7.3954


5-Oct-06

10.76

18.9359

0.7607

13.9


5.7966


6-Sep-06

11.42

19.6777

-0.4669

13.0


6.2108


7-Aug-06

11.77

20.6852

-0.8366

14.3


5.5486


7-Jul-06

11.43

20.4175

0.4485

14.3


6.5660


7-Jun-06

11.13

19.6986

-2.2660

9.7


7.7326


8-May-06

10.64

19.3567

-3.5088

8.2


7.6479


10-Apr-06

11.78

19.7880

-3.4130

9.8


6.5750


10-Mar-06

11.43

20.2548

-5.1971

4.6


10.4577


8-Feb-06

11.43

22.4716

-0.1834

18.2


4.0882


9-Jan-06

12.21

21.0488

-0.2236

15.3


5.5252


8-Dec-05

13.02

19.9733

4.3904

20.7


3.6637


4-Nov-05

11.09

18.4213

4.0203

20.9


1.5416


6-Oct-05

10.99

18.0412

2.2000

17.0


3.2412


7-Sep-05

11.40

18.4440

-0.0939

13.1


5.2501


8-Aug-05

11.80

19.0355

0.5888

15.4


4.2243


8-Jul-05

11.42

18.2000

0.0557

12.2


6.0557


8-Jun-05

11.50

17.9503

0.3204

11.7


6.5707


9-May-05

11.84

17.3158

0.1754

10.6


6.8912


8-Apr-05

10.33

16.6977

-0.6744

9.8


6.2233


10-Mar-05

10.69

16.5680

-0.3098

11.4


4.8582


8-Feb-05

11.45

16.8156

0.2011

11.6


5.4167


7-Jan-05

10.74

16.0585

0.1930

10.2


6.0515


The delivery cost is calculated as follows: Delivery cost = Cost + Adjust. Factor - Supply cost

The Delivery cost is fairly constant at around 6¢/kwh. However, it was as high as 10¢/kwh and as low as 1.5¢/kwh. The reason for this fluctuation is not known.

The Supply cost varies greatly. This is dependent on market conditions for the price of electricity.

While we make every effort to provide correct information, the information on this site may be incorrect or out of date. If you believe any information is incorrect, please contact us.