PSE&G PROPOSES TO LOWER CUSTOMER BILLS BY 2 PERCENT ON APRIL 1
Mar 2, 2018
Public Service Electric and Gas Co. (PSE&G) today proposed to lower customer bills by approximately 2 percent on April 1 to pass on the benefits of the federal tax reform legislation enacted earlier this year.
In its filing with the NJ Board of Public Utilities, PSE&G will reduce rates by approximately $114 million on an annual basis effective April 1 to reflect lower federal taxes the utility will pay. The typical residential combined electric and gas customer will save nearly $41 per year.
Mass. approves Eversource rate hike
Nov 30, 2017
The state Department of Public Utilities on Thursday approved a much-reduced rate hike for Eversource Energy that will allow it to charge its Massachusetts electric customers tens of millions of dollars more a year.
Eversource customers in the eastern part of the state would collectively pay an additional $12 million a year, while rates for its Western Massachusetts customers would rise by more than $24 million a year, according to the DPU. Eversource delivers electricity to some 1.4 million customers in Massachusetts.
Eversource and United Illuminating Rates Increasing in January
Nov 03, 2017
Rates will be going up for Eversource and United Illuminating customers in Connecticut.
The Public Utilities Regulatory Authority released information Friday on the new rates after Eversource and UI recently submitted proposed winter cycle rates.
As of Jan. 1, Eversource's residential generation rate will go up from 8.01 cents per kilowatt-hour (kWh) to 9.08 cents/kWh.
UI's residential generation rate will change from 7.6 cents/kWh to 9.66 cents/kWh.
Atlantic City Electric rates will jump 4% next month
Sep 22, 2017
Atlantic City Electric rates will increase 4 percent on Oct. 1, or about $5.52 per month for a residential customer, under a rate-increase settlement approved by the New Jersey Board of Public Utilities. In March, the company had requested a 6.6 percent rate increase.
Under the settlement, negotiated with various consumer advocates and the BPU staff, Atlantic City Electric will receive about $43 million in additional annual revenue. The utility had requested a $70.2 million increase that would have boosted a typical monthly residential bill by $9.....
National Grid cuts $76 million from rate hike request
July 10, 2017
Syracuse -- National Grid on Monday cut nearly $76 million from its request for a $406 million rate hike for electricity and natural gas delivery, saying its expects some of its costs to be lower than it estimated in April.
If the utility company's new, $330.7 million rate increase request is approved by the state Public Service Commission, a residential electricity customer using 600 kilowatt-hours would pay $8.93, or 11 percent, more a month....
PSE&G seeks first natural gas rate hike in 9 years
June 1, 2017
Natural gas bills for New Jersey customers of PSE&G could go up an average of $31 next year under the first gas rate hike requested by the utility in nine years.
The gas rate would increase from 34 to 37 cents per therm, the unit used for billing, this fall if approved by state regulators, PSE&G said in a news release. A customer who uses 1,010 therms annually would pay about $5 more in a winter month....
Eversource plans to lower electricity rates for summer
May 8, 2017
SPRINGFIELD -- Monthly Eversource bills could drop 2.7 percent this summer, from $115.38 to $112.29 for an average user of 550 kilowatt-hours of electricity, under rates announced Monday.
Investor-owned utilities like Eversource have lower rates in summer, when the natural gas used to generate most electricity is more plentiful and cheaper...
National Grid seeks ‘significant’ rate hike in Upstate NY; bills would grow 10 percent
Apr 28, 2017
SYRACUSE, N.Y. -- National Grid today asked state regulators to increase its delivery rates by $326 million a year for electricity and $81 million for natural gas. The rate hikes could have a "significant'' impact on customer bills, company officials said...
Atlantic City Electric seeks $70.2M rate increase
Mar 30, 2017
MAYS LANDING -- Atlantic City Electric customers would see an average 6.6 percent increase in their monthly bills if state regulators approve a $70.2 million rate increase requested by the utility.
The increase, which was submitted to the Board of Public Utilities on Thursday, is needed to fund modernization of the company's power delivery system, ACE officials said....
Bracing for an Eversource rate hike, the attraction of Editas, and more
Mar 14, 2017
The big Rate Shock of 2007 took its toll in the Berkshires. Paper mills were already struggling. But a huge jump in electric rates that year contributed to mill closures and hundreds of lost jobs.
Now, Onyx Specialty Papers president Pat Begrowicz is bracing for another one: This change could cause the electric bills that her Lee factory pays to Eversource to rise 55 percent, from $775,000 in 2016 to $1.2 million in 2019...
New Yorkers to see higher electric, gas bills under new Con Ed rate plan
Jan 24, 2017
City electric and gas bills will be going up after the Public Service Commission on Tuesday approved a new rate plan for Con Edison customers.
Under the plan, the typical monthly electric bill will increase 2.3% in 2017, and 2.4% each of the next two years, according to the PSC. The increases are retroactive to January 1...
New Year Means Higher Energy Bills For Displeased PSEG Long Island Customers
Jan 2, 2017
A new year meant a new round of bills, as folks on Long Island began seeing higher charges on their electric statements.
As CBS2’s Valerie Castro reported, for the average PSEG Long Island ratepayer, 2017 is starting out with sticker shock in the monthly bill. Each customer saw a near 5 percent increase, double what authorities had announced just two weeks ago....
Heating Bills Will Go Up Across City to Help Pay For Gowanus Cleanup
Dec 16, 2016
GOWANUS — National Grid customers in Brooklyn, Staten Island and parts of Queens will see hikes to their heating bills starting next month, with another rise likely next year due in part to the cleanup of the notoriously polluted Gowanus Canal...
Will Trump Send Electricity Bills Soaring?
Nov 29, 2016
After the election of Donald Trump as President, one of the cornerstones of the modern global economic system is being questioned. Trump built his campaign on questioning the status quo, and in economics that has largely meant deriding free trade. This could impact an under-the-radar area of trade between the U.S. and Canada – wholesale electricity...
Renters say rising utility costs trump rising rents
Nov 23, 2016
Renters are more worried about rising utility bills than escalating rents, and they’re willing to pony up more cash to help allay those fears, according to the results of a recent survey...
SANDY STILL LOOMS OVER CON EDISON’S PUSH FOR RATE HIKE
APR 22, 2016
Foiled before by their performance during Superstorm Sandy, Con Edison is once again seeking to raise electricity and gas rates across New York City and Westchester County...
City and State
Don’t Get Too Used to That Smaller Utility Bill — It Won’t Last
April 4, 2016
Consumers can expect to see the cost of powering appliances and heating their homes rise as wholesale electricity from gas-fired plants, the source of more than one-third of the nation’s power, jumps. Gas prices are projected to advance on growing demand to burn it to generate power...
Why Your Utility Bill’s Still Rising Even When Power’s So Cheap
April 4, 2016
Record-low costs for power in the U.S. haven’t translated into lower monthly payments for consumers. “We’re not really seeing many reductions in electric costs,” Stefanie Brand, a lead advocate for New Jersey consumers. “It’s really not fair to the ratepayers.”...
Con Ed Wants To Jack Up Your Power Bill
Feb 1, 2016
Now Con Ed wants to increase your electricity bill by an average of 5.2%, and your gas bill by an average of 8.2%. Oil and natural gas prices have plunged, but Con Ed says they need the extra $636 million to replace gas pipelines and install “smart meters.”...
Con Edison prices are the highest by any US utility
March 7, 2015
Con Edison’s residential prices are the highest charged by any major US utility — and that’s OK with the state of New York...
New York Post