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National Grid customers in upstate New York might soon see higher bills for gas and electricity. The utility company has reached a settlement with state regulators that could result in an average increase of $14.32 per month for electricity and $7.66 per month for gas, starting in September. This settlement, which still requires approval from the New York Public Service Commission (PSC), is part of a three-year rate plan.
The proposed increase is part of a joint proposal reached with various stakeholders, including the Department of Public Service Staff and IBEW Local 97. According to Times Union, the plan aims to enhance energy affordability programs and invest in infrastructure upgrades, while also promoting economic growth and supporting New York's renewable energy goals.
Phil DeCicco, National Grid’s general counsel, explained that the company reduced its initial capital project proposals by $1 billion to limit the rate increases. The agreement also includes $290 million in bill discounts for low-income and vulnerable customers over three years, with $72 million allocated for the first year.
Despite efforts to minimize the impact, the proposed increases have raised concerns. Theresa Hotte, a lawyer with the Public Utility Law Project, expressed worries that the rate hikes could make essential services unaffordable for many low- and fixed-income households. According to Syracuse.com, more than 213,000 households in National Grid’s upstate territory are already behind on their bills.
The PSC is expected to vote on the proposal this summer, with the new rates potentially taking effect in September.