News
December 05, 2025
New, lower Con Ed rate hikes proposed
Con Edison has agreed to reduce the double-digit rate increases that it proposed earlier this year.The utility last January proposed hikes to electric and gas bills of 11.4 percent and 13.3 percent on average, respectively. But a new proposal calls...
**New Yorkers Could See Relief as Con Ed Proposes Lower Rate Hikes**
Con Edison customers might soon breathe a sigh of relief. The utility giant has announced a revised proposal for rate increases, significantly scaling back the double-digit hikes initially proposed earlier this year. This comes after months of public outcry and scrutiny surrounding the potential impact on already strained household budgets.
Back in January, Con Edison unveiled plans for substantial increases to both electric and gas bills. The original proposal called for an average increase of 11.4 percent for electricity and a steep 13.3 percent jump for natural gas. These figures sparked immediate concern, with many residents and consumer advocacy groups voicing strong opposition, arguing that such increases would place an unbearable burden on families and businesses across the city and its surrounding areas.
The new proposal, while still calling for rate increases, represents a considerable reduction from those initial figures. While the exact details of the revised proposal are still being finalized, the utility has indicated that the proposed increases will be significantly lower than the original double-digit projections.
The reasons for this shift remain unclear, but analysts suggest a combination of factors may be at play. These could include pressure from regulatory bodies, public feedback, and internal reassessments of financial projections. Regardless of the specific drivers, the revised proposal signals a potential win for consumers.
However, it's important to note that this is just a proposal. The new rates are not yet set in stone. The proposal will now undergo a thorough review process, which typically involves public hearings and careful consideration by regulatory agencies. This process allows for further scrutiny of Con Edison's justification for the rate increases and provides an opportunity for stakeholders to voice their concerns.
While the prospect of smaller rate hikes is certainly welcome news, customers are encouraged to stay informed and participate in the review process. Further details about the new proposal and opportunities for public comment are expected to be released by Con Edison and regulatory bodies in the coming weeks. Ultimately, the final decision regarding the rate increases will have a significant impact on the cost of living for millions of New Yorkers.
Con Edison customers might soon breathe a sigh of relief. The utility giant has announced a revised proposal for rate increases, significantly scaling back the double-digit hikes initially proposed earlier this year. This comes after months of public outcry and scrutiny surrounding the potential impact on already strained household budgets.
Back in January, Con Edison unveiled plans for substantial increases to both electric and gas bills. The original proposal called for an average increase of 11.4 percent for electricity and a steep 13.3 percent jump for natural gas. These figures sparked immediate concern, with many residents and consumer advocacy groups voicing strong opposition, arguing that such increases would place an unbearable burden on families and businesses across the city and its surrounding areas.
The new proposal, while still calling for rate increases, represents a considerable reduction from those initial figures. While the exact details of the revised proposal are still being finalized, the utility has indicated that the proposed increases will be significantly lower than the original double-digit projections.
The reasons for this shift remain unclear, but analysts suggest a combination of factors may be at play. These could include pressure from regulatory bodies, public feedback, and internal reassessments of financial projections. Regardless of the specific drivers, the revised proposal signals a potential win for consumers.
However, it's important to note that this is just a proposal. The new rates are not yet set in stone. The proposal will now undergo a thorough review process, which typically involves public hearings and careful consideration by regulatory agencies. This process allows for further scrutiny of Con Edison's justification for the rate increases and provides an opportunity for stakeholders to voice their concerns.
While the prospect of smaller rate hikes is certainly welcome news, customers are encouraged to stay informed and participate in the review process. Further details about the new proposal and opportunities for public comment are expected to be released by Con Edison and regulatory bodies in the coming weeks. Ultimately, the final decision regarding the rate increases will have a significant impact on the cost of living for millions of New Yorkers.
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