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.
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.
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