CBS NEWS: Con Edison proposing double-digit rate hikes for electric and gas. Here’s what customers have to say about it.
More than 3 million homes and businesses in New York City and the suburbs could face a double-digit increase in natural gas and electric bills.
Con Edison says it needs to raise rates to build and maintain the power grid of the future.
The December bill for one New Rochelle apartment is pretty typical. A customer used $199 worth of electricity and Con Ed charged $354 to deliver it, pushing the total bill to $553. Now, the utility is asking for a rate hike that would increase the average electric bill 11.4% and the average natural gas bill 13.3%.