The New York Public Service Commission approved a rate hike for Con Edison customers in a unanimous vote Thursday.<\/p>\n
The increase includes 9% more for electric and about 6% more for gas over the next three years.<\/p>\n
A typical New York City resident will pay an average of approximately $4 more per month for their electricity bill in 2026, $3.55 in 2027 and $3.58 in 2028. <\/p>\n
As for gas, New York City customers can expect to see bills increase by $5.73 in 2026, $19.32 in 2027 and $15.08 in 2028. <\/p>\n
The plan raises electricity bills by an average of 3.5% this year, followed by increases of 3.2% in 2027 and 3.1% in 2028. Gas bills would increase by an average of 4.4% this year, 5.7% in 2027 and 5.6% in 2028.<\/p>\n
New York State Public Service Commissioner, Rory M. Christian, said he received letters from 120 state and city officials suggesting a temporary rate hike. Christian said he believes that those suggestions were not warranted and would not benefit customers in the long term. <\/p>\n
Con Edison officials say the hikes will contribute to the utility company\u2019s property tax expenses, pension and post-employment benefit costs, as well as changes in the company\u2019s capital structure\u2013all meant to benefit their customers. <\/p>\n","protected":false},"excerpt":{"rendered":"The New York Public Service Commission approved a rate hike for Con Edison customers in a unanimous vote…\n","protected":false},"author":2,"featured_media":109542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,1168,46124,7442,21845,5165,22875,9,24,49209,63],"class_list":{"0":"post-109541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-brooklyn","8":"tag-brooklyn","9":"tag-brooklyn-headlines","10":"tag-brooklyn-news","11":"tag-con-edison","12":"tag-electric-bills","13":"tag-electricity","14":"tag-gas","15":"tag-gas-line","16":"tag-gas-prices","17":"tag-new-york","18":"tag-new-york-city","19":"tag-new-york-state-electrical-u0026-gas","20":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/109541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=109541"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/109541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/109542"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=109541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=109541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=109541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}