Con Edison has proposed an 11.4% increase in electric bills and a 13.3% increase in gas bills starting January 1, 2026, to generate funds for infrastructure improvements. The requested rate hike aims to raise an additional $1.6 billion for electric system enhancements and $400 million for gas infrastructure upgrades. These investments are crucial for accommodating growing demand due to the transition to electric vehicles and heat pumps, as well as for maintaining safety in the gas system. An 11-month review process will follow, allowing public input.
The proposal seeks an average 11.4% increase in electric bills and a 13.3% increase in gas bills to enhance infrastructure and meet rising demand.
Con Edison aims to generate $1.6 billion for electric system enhancements and $400 million to upgrade gas infrastructure amid increasing customer demand.
The utility's investment plan will ensure the grid can handle the rising electrification of buildings and transportation, aligning with New York's climate goals.
Con Edison's upgrades include replacing older gas mains with durable plastic piping to enhance the safety and reliability of their gas infrastructure.
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