Con Edison Proposes Investments to Boost Energy Efficiency, Reliability, Public Safety
Friday, February 1, 2019 | back to news
Con Edison recently (1/31) sought approval for new electric and gas delivery rates in 2020 to fund infrastructure and other investments that would give customers more convenient access to clean, energy-saving products; enhance safety and reliability; and make it easier for customers to get information about their usage and service.
The proposal, subject to a public rate review by the New York State Public Service Commission, seeks an additional $485 million to run the company's electric delivery system in 2020 and $210 million for the natural gas delivery system.
The monthly electric bill for a New York City residential customer using 300 kilowatt hours would increase $4.45 to $81.78, an increase of 5.8 percent (8.4 percent for delivery). The bill for a Westchester Countycustomer using 450 kilowatt hours would increase $6.10 to $114.04, an increase of 5.7 percent (8.5 percent for delivery). For a typical commercial customer using 10,800 kilowatt hours with a peak demand of 30 kilowatts, the monthly bill would increase $80.96 to $1,970.67, an increase of 4.3 percent (8 percent on delivery).
The average monthly bill for a residential gas customer using on average 100 therms per month would increase $17.28 to $176.34, an increase of 10.9 percent, or 15.8 percent for delivery.
"Our proposal will build on the progress we have made in putting tools in the hands of our customers to help them manage their energy usage," said Tim Cawley, president of Con Edison. "We're making it easier for them to take advantage of energy efficiency, charge electric vehicles and communicate with us. We're also improving our response to severe weather events and taking steps to protect the environment." For further details, click here
Source: Con Edison
The proposal, subject to a public rate review by the New York State Public Service Commission, seeks an additional $485 million to run the company's electric delivery system in 2020 and $210 million for the natural gas delivery system.
The monthly electric bill for a New York City residential customer using 300 kilowatt hours would increase $4.45 to $81.78, an increase of 5.8 percent (8.4 percent for delivery). The bill for a Westchester Countycustomer using 450 kilowatt hours would increase $6.10 to $114.04, an increase of 5.7 percent (8.5 percent for delivery). For a typical commercial customer using 10,800 kilowatt hours with a peak demand of 30 kilowatts, the monthly bill would increase $80.96 to $1,970.67, an increase of 4.3 percent (8 percent on delivery).
The average monthly bill for a residential gas customer using on average 100 therms per month would increase $17.28 to $176.34, an increase of 10.9 percent, or 15.8 percent for delivery.
"Our proposal will build on the progress we have made in putting tools in the hands of our customers to help them manage their energy usage," said Tim Cawley, president of Con Edison. "We're making it easier for them to take advantage of energy efficiency, charge electric vehicles and communicate with us. We're also improving our response to severe weather events and taking steps to protect the environment." For further details, click here
Source: Con Edison
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