National Grid proposing rate increases for gas and electric service

The New York State Public Service Commission is currently holding virtual hearings to receive public comments concerning potential rate increases to gas and electric services.

Posted: Oct 1, 2020 10:48 PM

The New York State Public Service Commission is currently holding virtual hearings to receive public comments concerning potential rate increases to gas and electric services.

In July 2020, National Grid, requested that the New York State Public Service Commission approve a proposed increase to its electric and gas rates. This proposal is seeking to increase its annual electric delivery revenues by approximately $100.4 million (a 4.9 percent increase in base delivery revenues or a 3.2 percent increase in total revenues), and its natural gas delivery revenues by approximately $41.8 million (a 9.8 percent increase in base delivery revenues or a 5.2 percent increase in total revenues).

Assemblywoman Marianne Buttenschon  is urging constituents to share their thoughts and comments on National Grid’s proposed increases on its electric and gas delivery rates with the New York State Public Service Commission during its series of virtual public statement hearings.

“To propose an increase in rates during a pandemic is unacceptable and just plain wrong,” Buttenschon stated. “During a time when communities are asked to come together and support one another, it’s unbelievable that the one company our residents rely on for heat and electricity – now more than ever – is being anything but community-minded. Residential energy costs are already among the highest in the nation in New York State. With families spending more time at home, their electric and gas bills were already headed in an upward direction – it is unconscionable that National Grid would think this was the right time to increase rates on top of that. Our area cannot afford any additional setbacks, and I urge everyone who can to provide their comments during the public statement hearings to ensure our voices are heard.”

National Grid states that its rate filings include proposals to: maintain affordability and mitigate customer bill impacts during the pandemic; modernize its electric and gas infrastructure; progress towards the goals of the Climate Leadership and Community Protection Act; promote energy efficiency and improve customer experience; and preserve National Grid’s credit quality and provide it the opportunity to earn a reasonable rate of return. The actual bill impacts of these proposed changes on any particular customer class will vary based upon revenue allocation and rate design.

The next virtual public hearings will be on Tuesday, Oct. 6 at 1. P.M. and 6 P.M. and Wednesday, Oct. 7 at 1 P.M. and 6 P.M.

For more information on how to register for these hearings, click here.

If these rates are approved by the Public Service Commission, they would go into effect in July 2021.

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