Households across New York should prepare for higher utility costs. The state Public Service Commission (PSC) has unanimously approved National Grid’s request to raise electric and gas rates over the next three years, leading to significant increases in customer bills.
Starting in September, the average family that uses both gas and electricity will see their bill jump by about $22 each month. Homes that depend solely on electricity will see a smaller bump, closer to $14. By the third year of the plan, the typical household will be paying roughly $50 more per month or around $600 extra per year.
National Grid says the added revenue is needed to manage inflation-related expenses, expand discounts for low-income customers, and invest in much-needed infrastructure upgrades…