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National Grid customers in Upstate New York will see an increase in their gas and electric bills starting in September. The New York State Public Service Commission approved the utility company's request for a rate hike on Thursday (August 14). The average monthly bill will rise by about $22, with further increases planned over the next three years.
According to Spectrum News, the rate hike is part of a three-year plan that aims to enhance energy affordability programs, improve grid reliability, and support New York state's energy goals. National Grid's spokesperson, Jared Paventi, explained that the increases are necessary to cover inflation-driven costs and provide discounts to low-income customers, while also funding upgrades to aging infrastructure.
Governor Kathy Hochul expressed her disappointment with the rate hike, stating that while the Commission worked to lower the initial proposals, it still falls short of prioritizing ratepayer affordability. She emphasized the need for utilities to focus on affordability, especially during challenging economic times.
The decision has sparked concern among customers, with some expressing frustration over the added financial burden. LocalSYR reported that the increase comes at a time when many families are already struggling to manage everyday expenses.
The rate hike is expected to face criticism from various quarters, including state officials and residents, as they brace for the financial impact of the increased utility costs.