National Grid indicates that customers in Staten Island, along with those in the five boroughs and Long Island, will experience a 3.5% rate hike to finance the $1 billion Northeast Supply Enhancement project. The project aims to enhance gas supply, primarily benefiting regions like Brooklyn, Queens, and Long Island, while Staten Islanders face costs without direct service improvements. National Grid asserts that the increased supply will ultimately lower electricity costs across New York, with projected savings over the coming years. The anticipated savings are concentrated in peak heating months, focusing on New York City and Long Island.
"National Grid estimates that all its customers in the five boroughs and on Long Island will see a 3.5% bill increase to help pay for the $1 billion Northeast Supply Enhancement project, which includes an underwater pipeline running along the south and east shores of Staten Island."
"National Grid has justified this disparity by claiming the increased energy supply will help reduce electricity costs for all New Yorkers."
"Levitan and Associates, a Boston-based consulting firm, prepared that addendum. The company's report anticipates lower costs resulting in New York saving about $673 million on annual average over a 15-year period from 2028 to 2042, but the benefits come mostly in the peak heating months of December, January and February."
"New York City and Long Island are the focus of the benefit with the region saving an estimated annual average of $305 million over the 15-year period."
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