Con Edison has proposed a significant rate hike that could raise the average monthly energy bill by $154 from five years ago, increasing costs by approximately $1,848 annually. The company is seeking double-digit increases from the Public Service Commission, with electric bills projected to rise 11.4% and gas bills 13.3%. Experts are urging New York lawmakers to reconsider ongoing green energy initiatives, arguing that the transition costs are not transparent to consumers, while also criticizing the practice of passing property taxes to customers as excessive and burdensome.
Con Edison is proposing a massive rate hike, raising average energy bills by $154 per month compared to five years ago, sparking concern among consumers.
Experts call on lawmakers to halt green energy initiatives, warning customers are not being informed about the costs of transitioning to clean energy.
John Howard criticized the state for enabling Con Edison to pass property taxes onto customers, calling it 'usury' and a burden on New Yorkers.
Proposed hikes could push average bills for Con Edison customers in 2025 to $500 monthly, significantly up from $346 in 2020.
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