"National Grid is seeking nearly $1 billion in raises over the next three years, while NYSEG plans to add approximately $34 for gas and $33 for electricity per average bill."
"Retirees, middle- to low-income families, high-usage households, and small businesses will suffer the most from the increases, with potential annual costs increasing by $600."
Utility companies National Grid and New York State Electric and Gas Company are proposing substantial rate increases for customers in upstate New York. National Grid seeks nearly $1 billion in raises over three years, while NYSEG plans to add around $34 for gas and $33 for electricity to average bills. These increases will disproportionately impact retirees, middle- to low-income families, high-usage households, and small businesses, with potential annual costs rising by approximately $600 for some customers. Factors contributing to these hikes include the transition to cleaner energy sources and requirements from New York's climate mandates.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]