ALBANY, N.Y. ( NEWS10 ) — The New York Public Service Commission hosted a public meeting in Albany Tuesday night to discuss rate hikes proposed by National Grid. Dozens were in attendance.
The proposed increase is about 15 percent for electricity and a 20 percent increase for gas. If approved by state regulators, the changes would take effect in April. The company said the average customer bill would go up by about $18.
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Many who attended the meeting expressed their concerns about the economic impact of a rate hike. One man said National Grid is moving too slow in complying with New York State’s climate law and questioned where the extra money will be going.
“First of all, National Grid can talk about its concern all it wants, but it is really, frankly, outrageous for them to say that the reason why we might pay a double-digit increase is to comply with the state’s climate law,” Citizen Action of New York Policy Dir. Bob Cohen said. “I have looked through their materials, hundreds of pages, and they have not documented those costs.”