Con Ed proposes massive rate hikes that could send New Yorkers gas, electric bills soaring thanks to Hochuls green energy push
New Yorkers are getting zapped out.Con Edison is proposing another massive rate hike that would make the average gas and energy bill cost $154 more per month than it did just five years ago, according to available data.That would mean a wallet-busting $1,848 more per year than customers paid in 2020.The company is asking New York state’s utilities regulator the Public Service Commission for double-digit rate increases that jack up average electric bills by 11.4% and send gas bills skyrocketing 13.3%.The sticker shock has one expert calling on Hochul and state lawmakers to put the brakes on green energy initiatives — especially as President Trump has pledged to champion fossil fuels and cut back on wind and solar power pushed by the Biden Administration.“We have to take a breath,” John Howard, a former PSC commissioner, told The Post.“We’re not telling Mr.and Mrs.
New York how much this transition to clean energy will cost them.”Howard blasted state and New York City lawmakers for allowing Con Edison to pass along property taxes to customers. “We have made Con Edison the tax raiser for New York.It’s allowed under state law.
It’s usury,” he said.According to information from 2020, the average residential New York Con Edison customer paid $346 per month — with $176.36 from gas usage at 100 therms a month and $170 in electric use at 600 kilowatt hours per month.For 2025, the company’s proposed hikes would mean a total $500 bill — with $289 for gas and $211 for electric under the same measures.But the company contends Big Apple users average much less consumption than statewide, with only 280 kWh a month.
But that would still boost the average city electric bill from $103.24 to $117.37 per month.The company estimates residential customers with gas for heating using 100 therms on average per month would still see their bills increase by $46.42 to $289.41 — an increase of 15.7%.Utility customers with more than 4 dwelling units with gas...