![]() New England, relative to the rest of the United States, is facing more direct price fallout related to the Russia-Ukraine conflict. ‘New England In Direct Competition With Europe’ Westchester residents using about 600 kWh/month could see a 27% increase on their bills, ConEd said. ![]() Higher prices on natural gas, which fuel much of the generation plants in the Greater New York City region, could result in a 22% year/year increase for New York City residential customers using about 300 kWh/month. Delivery charges are expected to comprise the remaining $22 year/year increase.Įlectricity customers in ConEd’s territory also are expected to see higher bills this winter, though to a lesser degree than natural gas consumers. Of the $112 hike in customer heating bills, ConEd said supply costs account for $90 of the jump. (ConEd), which serves 1.1 million customers in New York City and Westchester County, said residential natural gas heating customers using an average 165 therms/month could pay $460/month this winter, 32% higher year/year. National Grid said half of the jump could be attributed to higher supply prices, with regulatory-approved rate changes and other surcharges contributing to a higher bill.Ĭonsolidated Edison Inc. Residential electricity customers using an average 600 kWh/month could see their winter bill rise by about 5%, a difference of $22 for the whole season. The prediction is based on average electricity use of 600 kWh/month.Ĭentral New Yorkers served by National Grid are likely to see a different story. Of the $116 forecasted surge, higher wholesale electricity prices are contributing $105 of the increase, the utility said. National Grid’s residential electricity customers in eastern New York could expect to pay about 22% more this winter. The remaining 13% can be attributed to higher delivery prices approved in the company’s multi-year rate program, as well as other bill surcharges. The utility noted that about 87% of the forecast rise, or $231, is a result of higher wholesale natural gas prices. 1-March 30) could expect to pay about $263 more than last winter. National Grid plc, which serves about 1.6 million electric customers and more than 600,000 natural gas customers across New York, is warning customers about rising rates.įor natural gas, National Grid said residential customers who use an average of 713 therms during the winter heating season (Nov. In January, prior to the Russia-Ukraine conflict, natural gas prices already were up 279% year/year. In a recent white paper, NYISO cited July data from the Bureau of Labor Statistics that the Consumer Price Index was up 8.5% year/year, one percentage point higher from the start of the year alone. ![]() consumers face price hikes of as much as 38% compared with last year in some parts of the country.įor instance, the New York Independent Systems Operator (NYISO) in September warned “of a sharp rise in wholesale electric costs” as a result of inflation and ongoing economic factors from the pandemic, amplified by Russia’s invasion of Ukraine. It is also the largest distributor of natural gas in the northeastern U.S., serving approximately 3.4 million customers in New York, Massachusetts, New Hampshire and Rhode Island.Ĭommitted to the protection and enhancement of the environment, National Grid incorporates environmental considerations into its business activities, which include meeting or exceeding the requirements of environmental legislation, policies and charters recycling whenever economically feasible engaging in effective environmental management systems and monitoring, auditing, and reporting on its own environmental performance.A myriad of factors is contributing to a sharp rise in natural gas rates heading into the winter, as U.S. National Grid is the largest power producer in New York State, owning 6,650 megawatts of electricity generation that provides power to over one million LIPA customers and supplies roughly a quarter of New York City’s electricity needs. In the U.S., National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New Hampshire, New York and Rhode Island, and manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA). National Grid is an international energy delivery company.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |