February 19, 2019
Con Edison has filed a rate increase request with the New York State Public Service Commission (PSC) for both electricity and natural gas. If approved, customers could start to see the following increases in 2020:
- Westchester: Electricity costs increasing 6%
- New York City: Electricity costs increasing 4%
- Westchester and New York City: Natural Gas costs increasing 11%
Con Edison says the rate increase would fund investments in clean energy and customer service, as well as large infrastructure improvements to their distribution systems.
The PSC has 11 months to approve or deny the increases, but historically they approved the increases that Con Edison sought in both 2014 and 2016. Stanwich Energy Advisors will keep you updated on the PSC’s response to the request.