New York, NY - ConEd Electric Bills To Soar 12%
New York, NY - New Yorkers are about to get zapped on their electric bills.
Starting May 28, households in the five boroughs will be socked with rate increases of up to 12 percent to run appliances—after the feds decided that power companies needed an extra $500 million a year, The Post has learned.
And that’s on top of another 4 percent state-OK’d Con Ed rate hike that kicks in today.
A typical apartment resident’s electric bill of $74—based on 250 kilowatt hours of power each month—will go up to $86, or $12 more than last July.
About $8 of that boost will come from the feds’ decision.
Businesses will be hit even harder. A small firm that paid $406 last July will shell out $477 this July—a 17.5 percent boost.
About $59 of that comes courtesy of the feds.
Mayor Bloomberg and Sen. Charles Schumer are furious over the shocking ruling—and are urging the Federal Energy Regulatory Commission to reconsider.
“The economic impact of this order on the residents and businesses of New York City would be severe,” Bloomberg complained to the commission.
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