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Con Edison Requests Rate Increase from the Public Service Commission

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.

Con Edison Requests Rate Increase from the Public Service Commission

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.

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NYISO Announces Updated Strategic Plan

February 5, 2019

 

In late January, the New York Independent System Operator (NYISO) announced its five year strategic plan outlining six target initiatives that will be focused on.

The six initiatives outlined by the NYISO include:

  • Grid Reliability and Resilience
  • Efficient Markets for a Grid in Transition
  • New Resource Integration Integration of Public Policy
  • Technology and Infrastructure Investment
  • Efficient and Flexible Business Model

Of note, the updated strategic plan includes the pricing of carbon emissions into the wholesale power market. This move could increase power prices by $10 to $15 per MWh in the coming years, according to Manan Ahuja, senior director of North America power modeling at S&P Global Platts Analytics.

With such a large potential increase, it could be a smart time to evaluate your options for locking in energy pricing. Please contact your Stanwich Account Manager or call 877-214-9066 to discuss these upcoming changes and what can be done to stay on top of your own strategic plan.

For more information, please refer directly to the NYISO’s published Strategic Plan for 2019 – 2023.

NYISO Announces Updated Strategic Plan

February 5, 2019   In late January, the New York Independent System Operator (NYISO) announced its five year strategic plan outlining six target initiatives that will be focused on. The.

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