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ReCharge NY supports more than 400,000 jobs with low cost power

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Staff writer ▼ | January 29, 2016
The ReCharge NY program, which utilizes low-cost power from the New York Power Authority to spur economic development, has supported 400,000 jobs since its inception five years ago.
New York electricity
New York   ReCharge NY power has been awarded to 741 business
A typical business can save approximately 5% to 25%.
As of December 1, 2015, the Power Authority has awarded ReCharge NY power to 741 business operations, including 71 not-for-profit enterprises. Those allocations support 400,948 jobs and $33.2 billion in commitments for new capital investment.

ReCharge NY provides enterprises with competitively priced power that costs less than electricity generally available through their local utility. A typical business can save approximately five to 25 percent on the New York Power Authority allocation portion of their electric bill.

In 2014, the latest year for which figures are available, ReCharge NY saved program participants approximately 31 percent—more than $89 million—when factoring in both production and delivery savings.

ReCharge NY allocations can be found all across the state for a wide range of businesses, including Lockheed Martin in Owego, Bausch & Lomb in Rochester, NBC in New York and Ford Motor Co. in Buffalo.

Many hospitals have also lowered their energy costs through ReCharge NY, including Niagara Falls Medical Center and North Shore University Hospital in Manhasset, Nassau County.