The state Public Service Commission approved new utility rates in January that will raise bills for Con Edison customers across New York over the next three years, with electric rates increasing by about 9% and gas rates by roughly 6%, according to The City.
For the average New York City resident, the electric rate increase will amount to about $4 more per month. Gas customers are expected to see higher monthly bills ranging from approximately $5 to $19, depending on usage. The new rates take effect immediately, the news site reported.
These rates, which are typically reviewed and set on a three-year cycle, will affect Con Ed’s approximately 3.7 million electric customers and 1.1 million gas customers in New York City and Westchester County…