{"id":536160,"date":"2026-01-23T04:01:13","date_gmt":"2026-01-23T04:01:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/536160\/"},"modified":"2026-01-23T04:01:13","modified_gmt":"2026-01-23T04:01:13","slug":"new-yorkers-get-zapped-with-10-4-con-edison-rate-hike-over-3-years","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/536160\/","title":{"rendered":"New Yorkers get zapped with 10.4% Con Edison rate hike over 3 years"},"content":{"rendered":"

New Yorkers are getting zapped, again.<\/p>\n

Con Ed will hike electric bills<\/a> by 10.4% and inflate gas bill 15.8% \u2013 costing the average Big Apple resident<\/a> an eye-watering $600 more per year by 2028.<\/p>\n

The latest squeeze on New Yorkers\u2019 wallets begins immediately \u2013 backdated to Jan. 1 \u2013 after the state\u2019s utility regulator, the Public Service Commission, approved the measure Thursday.<\/p>\n

The hikes mean\u00a0a gas bill increase of 2.4% per year in 2026, 7.8% in 2027 and 5.6% in 2028.<\/p>\n

\"AState utility regulators approved a 10.4% hike on Con Edison electric and gas bills over the next three years in the latest squeeze on residents\u2019 wallets. Georgett Roberts\/NY Post<\/p>\n

Over a year those numbers add up to a significant cost for Big Applers \u2013 about $482 more per year by 2028\u00a0for typical city homes using 100 therms per month.<\/p>\n

And the NYC electric bill increase \u2014 3.9% per year in 2026, 3.3% in 2027 and 3.22% in 2028 \u2013 adds up to about $134 more per year for typical New Yorkers using 280 kWh of power per month by 2028.<\/p>\n

The extra burden means New Yorkers will pay about $615 more per year for gas and electricity by 2028.<\/p>\n

Residents tired of being piggy banks said they\u2019re having a difficult time understanding how the state arrives at its numbers.<\/p>\n

\u201cSo, I\u2019m already paying double what I was paying about four years ago. I get my bill, and I\u2019m just, like, how do they, how does that figure?\u201d said Cate Wiley, a 65-year-old Inwood resident.<\/p>\n

\u201cI am fortunate to be privileged enough that I can pay, it\u2019s irritating, but it\u2019s not gonna hurt me,\u201d she added. \u201cThere are so many New Yorkers who won\u2019t be able to pay. Like, literally, they can\u2019t pay or keep the lights on. It\u2019s so sad, and doesn\u2019t make any sense at all.\u201d<\/p>\n

The increase \u2013 which covers just NYC and Westchester \u2014 comes after years of New Yorkers being squeezed by rising utility costs.<\/p>\n

Electricity costs have seen a nearly 40% increase since 2019, with costs climbing each year since.<\/p>\n

\"ConThe first electrical hike \u2014 effective Jan. 1 \u2014 will bump up bills 3.9%, meaning an extra $4 per month for the typical New York City customer who uses 280kWh per month. Christopher Sadowski<\/p>\n

By 2028, that will equate to about a 51% increase.<\/p>\n

In Westchester, where houses may use about 600 kWh of power per month, that could equate to about $2,620 per year in electric bills \u2013 a roughly $240 increase from the current average $2,380 in annual bills.<\/p>\n

West Chester\u2019s annual electricity increase will come at 3.6% in 2026, 3.3% in 2027, and 3.2% in 2028 \u2014 or about $182 in additional costs once the increases are complete in three years.<\/p>\n

The PSC justified the increases by insisting Con Ed needed more cash to maintain and increase its services \u2013 with commissioner Rory Christian saying \u201claw, not politics\u201d controls how rate hikes are set<\/a>.<\/p>\n

\u201cThe adopted joint proposal meets the legal requirement that the company continue to provide safe and adequate service at just and reasonable rates,\u201d Christian said while announcing the new measure.<\/p>\n

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Commissioners also celebrated the final increase percentage as being lower than the initial proposal of 11.4% for electricity and 1.3% for gas.<\/p>\n

\u201cIt\u2019s a considerable reduction. [The increase] is in line with inflation,\u201d said Commissioner Denise Sheehan.<\/p>\n

Mayor Zohran Mamdani \u2013 who placed affordability for working class New Yorkers at the center of his campaign \u2013 did not officially object to the rate increases, with the city releasing a statement saying the changes \u201cwere approximately the rate of inflation.\u201d<\/p>\n

\u201cAs buildings and transportation electrify and system-wide electricity demand increases, and because of current economic conditions and the critical need to maintain safe and reliable infrastructure, a rate freeze was not possible,\u201d the city added.<\/p>\n

New York\u2019s energy costs are about 44% higher than the national average, according to a November study from the Progressive Policy Institute.<\/p>\n

Aging infrastructure \u2013 in addition to rising operational costs, and standard maintenance \u2014 was one of the primary reasons that utility costs have gone up, the study also found.<\/p>\n

And some New Yorkers think lawmakers aren\u2019t being nearly creative enough to come up with solutions to keep those costs down for residents.<\/p>\n

\u201cI\u2019ve seen the prices go higher incrementally, definitely,\u201d said 58-year-old Upper West Sider Daniel B.<\/p>\n

\u201cThere\u2019s got to be alternatives, and there\u2019s not much creativity toward investing in those alternatives,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"New Yorkers are getting zapped, again. Con Ed will hike electric bills by 10.4% and inflate gas bill…\n","protected":false},"author":3,"featured_media":536161,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,12638,24071,5248,405,403,5226,5225,5228,5227,50057,67,586,132,5230,68,1154,2969],"class_list":{"0":"post-536160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-con-edison","10":"tag-electricity","11":"tag-metro","12":"tag-new-york","13":"tag-new-york-city","14":"tag-newyork","15":"tag-newyorkcity","16":"tag-ny","17":"tag-nyc","18":"tag-public-service-commission","19":"tag-united-states","20":"tag-united-states-of-america","21":"tag-unitedstates","22":"tag-unitedstatesofamerica","23":"tag-us","24":"tag-us-news","25":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115942423517452632","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/536160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=536160"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/536160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/536161"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=536160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=536160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=536160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}