NY bracing for gas and electric bill shock amid green push: ‘Very aware’ of the ‘burden,’ Con Ed says
New Yorkers will face another costly burden as a sizable spike in their gas and electric bills is set to take place next month.
Con Edison, the utility company responsible for providing energy to 10 million people in New York City and Westchester County, justified the decision to raise rates in an interview with Fox News Digital.
“Our customers demand safe and reliable service and increasingly renewable energy. This investment from customers is going to allow us to redesign and rebuild the grid, to move it towards electrification,” Con Ed media relations director Jamie McShane told Fox News Digital.
“We’re very aware [of] the burden that this puts on customers who are struggling to pay their bills,” he continued.
Last week, the energy company announced that the state had approved its plan to raise customer rates and acquire more than $11 billion by 2025 to fund initiatives contributing to New York’s clean energy goals.
www.foxbusiness.com/energy/ny-bracing-gas-electric-bill-shock-green-push-aware-burden-con-ed
h/t Endoplasmic