The NY Governor issued a statement, “utilities must make ratepayer affordability the guidepost“
By Andrew Harris
The cost of living continues to soar for New Yorkers and upstate electric customers should prepare for higher rates starting next month.
A three-year, 20% hike has been approved for National Grid and Central Hudson customers by the NY Public Service Commission, an independent agency. That approval is a much lower increase than proposed by utilities but for Governor Kathy Hochul, it is not appropriate:
“While I appreciate that the New York Public Service Commission worked to significantly lower the outrageously high initial rate proposals, it’s still not enough. I have been crystal clear that utilities must make ratepayer affordability the priority. Since taking office, my administration has prioritized energy affordability, particularly for our most vulnerable, and we need the utilities to take it seriously as well. That means at a time when worried New Yorkers are being forced to tighten their budgets, all utilities must follow suit. This is no time for bonuses and big raises for executives, especially if they are going to be looking to raise rates on their customers.”
Read more from WKBW Channel 7 Buffalo:
National Grid bills are going up for New York customers next month
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