Market Structure

Each utility has a different deregulation plan approved by the Public Service Commission so rates are not uniform across the State. Retail rate structures vary significantly from utility to utility and are generally complex, although the PSC has increased the uniformity of rules and rate structures over the past two years.

Customers who 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.

When you choose Liberty Power as your competitive retailer, we become the seller of your electricity supply. However, your electricity is still delivered by your local utility, which remains responsible for ensuring reliable transmission to your business.

In the ConEd service territory, they still deliver the power to your business and you still receive your bill from ConEd, but with your electricity supply charges from Liberty Power listed separately from your delivery charges from ConEd.

That way you can see exactly what you are paying for your electricity supply.

A key driver of market activity in New York is the favorable tax treatment that buyers of competitive energy receive compared to buying utility service.

The New York wholesale electricity market is operated by The New York Independent System Operator (NYISO), a federally regulated, not-for-profit corporation.

NYISO's mission is straightforward: to ensure the reliable, safe and efficient operation of the State's major transmission system and to administer an open, competitive and nondiscriminatory wholesale market for electricity in New York State. The market utilizes a bid process for electricity and transmission usage, enabling companies like Liberty Power to offer electricity at competitive prices, rather than regulated rates.