National Grid Rate Hike Approved, Phased in Over Three Years

The State Public Service Commission has approved a rate hike for National Grid customers that will phased in over a three year period.

Starting April 1st, customers can expect to see a $ 3 increase to average monthly gas and electric bills. 

In the second and third years, bills will go up an average of $ 6 a month.

The increase is lower than what National Grid was seeking. 

In a statement, National Grid's New York president, Ken Daly, says this will provide the cash the utility needs to upgrade its electric and gas lines, and maintain service standards.

Photo: National Grid Website

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