On Oct. 17, Utility Commission employees and a group of energy custodians signed an agreement with Con Edison to raise gas and electricity prices over the next three years to pay for upgrades and the company`s shift to renewables. “This agreement with several outside parties, if approved, will invest approximately $3 billion annually in electricity and gas infrastructure to continue to provide safe and reliable service to New Yorkers while creating the path to renewable energy and a cleaner environment,” said Michael Clendenin, a spokesman for Con Ed. Con Ed hit a few hits this year after several power outages took the subway lines to the plant. And a 4-hour power outage on the Upper West Side this summer may have sunk the mayor`s claim to Mayor Bill de Blasio`s presidency. The entire Commission has yet to approve the proposal, but insiders say it will likely be approved. Business owners, Westchester homeowners and city dwellers will likely pay 4% more for electricity and 7.5% more for next year`s premiere, and prices will continue to rise thereafter. The distribution company argued that the increase in payments was necessary to maintain and develop its infrastructure. A number of environmental groups and government agencies, including the Mayor`s Office for Sustainability, the Natural Resources Defense Council, and Columbia University`s Sabine Center for Climate Change, signed the change. However, the American Democratic Socialist did not approve the proposal. To send a letter to readers, please send a message to [email protected] Not everyone agrees with the increase.
AARP, which represents 900,000 aging Con Ed customers under its commitments, strongly opposed this. New Yorkers should be prepared to breastfeed headaches. The average tenant in the five boroughs will pay US$76.43 next year, or nearly 3 $US more per month. By 2023, the bill will be nearly 10 $US more than they pay now. Westchester homeowners are hit with a monthly bill of $115.69. Business owners pay nearly $200 more at the end of three years. Gas customers will also feel the heat, and at the end of the period of rising interest rates, they will receive about $40 more. “There must be a better way to do that than to weigh on the backs of middle-class taxpayers,” said William Ferris, a seconded representative of the group.