In December 2025, the Energy Markets team of NYSERDA published Patterns & Trends – New York State Energy Profiles 2009-2023, a compilation of energy statistics and data on energy consumption, supply sources, prices, and expenditure information for New York State. The report presents New York State (NYS) energy statistics, evaluating energy consumption and prices over the past 15 years. These energy statistics provide a baseline reference for various research efforts conducted by NYSERDA and other government agencies, authorities, academia, and the public.
The market dynamics from 2022 continued to influence energy and fuel markets in 2023, contributing to increased price volatility and periods of uncertainty regarding energy supply. Despite this, global supply chains slowly stabilized in 2023, driven by lower energy demand and production, resulting in lower prices. However, uncertainties associated with ongoing global conflicts continued to pose challenges for the energy sector. Lower energy prices relieved consumers of the historically high prices of 2022.
Geopolitical unrest has an impactful influence on global market supply and prices for crude oil, refined products, and energy products, along with many other traded commodities. The ongoing Russo-Ukrainian War. and the new conflict in the Middle East in 2023 created significant uncertainty in global energy supply chains, leading to volatile domestic markets in the U.S. These persistent conflicts added to supply chain uncertainty and subsequent volatility in energy and fuel prices. Energy market prices and consumption are sensitive to weather conditions. During periods of cold temperatures, New York State requires increased use of a variety of heating fuels. Additionally, periods of hot temperatures put pressure on the electricity, and by extension natural gas, system to meet demand for cooling.
The combination of these global and regional factors shaped demand for energy products in addition to the supply chain and market dynamics that defined the 2023 prices for these energy products. This translated to an approximate decline of 1 per cent in primary consumption for New York State in 2023.
Access the report here