Did your Con Ed bill just go up? Some New Yorkers have seen their bill double or even triple as compared to the previous month. Here's why.
Hochul is not the first governor to ask Con Ed to review its practices and better communicate with its customers . In 2019, former Gov. Cuomo even went so far asfor operating in New York City after a series of blackouts. Instead, in 2020, the Cuomo-controlled Public Service Commission passed a series of rate hikes, totalling over 12%, ostensibly for Con Ed to improve its infrastructure — a move that’s only compounding the price spike as gas prices soar.
By law, Con Ed must sell the energy that it buys at cost. What New Yorkers pay for on their bill is that energy cost, plus the public service commission-approved price for the use of Con Ed’s infrastructure . Right now, New York state gets over 70% of its energy from fossil fuel, with much of home heating costs coming from natural gas.
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