National Grid Gets Approval for Rate Hike that Will Add Hundreds to Consumer Bills
The rate increase funds $5.3 billion in infrastructure upgrades and adds about $600 annually to the average household bill, with expanded low-income assistance included.
- Through a unanimous vote Thursday, the New York State Public Service Commission approved a three-year electric and gas rate plan for National Grid’s Upstate New York territory, with bills increasing by about $14 next month.
- Amid rising infrastructure costs, National Grid proposed funding to maintain safe, reliable service, with investments aligning with the new three-year rate plan.
- Residential electricity customers will see increases of $14.32 in year one, while natural gas customers face $7.66, with rates rising in subsequent years as approved this morning.
- Upstate New York customers will see their bills increase, Stella said, as the Public Service Commission approves a rate plan that includes ongoing annual hikes.
- Looking ahead, within three years, Upstate New York households face about $171.84 for electricity and $91.92 for gas increases as delivery charges rise about 31% and 40%.
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National Grid to increase rates
ALBANY, N.Y. (NEWS10)---If you’re a National Grid gas and electric customer, expect your bill to go up by about $22 in September. In a vote Thursday morning, all seven Public Service Commissioners voted to approve an increase in National Grid rates over the next three years. Monthly National Grid electric bills will go up by approximately $14.32 in year one, $6.44 in year two, and $4.34 in rate year three. And when it comes to gas bills, ave…
NYS Public Service Committee votes to approve National Grid rate hike
ALBANY, N.Y. (WSYR-TV) -- The New York State Public Service Committee voted Thursday morning, August 14, in approval of National Grid's three-year joint proposal to raise gas and electric rates in upstate New York. Starting September 2025, the average customer's gas and electric bill will rise by $22 per month, and will continue to increase over the next three years. The second year, gas and electric prices will increase by more than $14 per mon…
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