Expect a Cruel Summer for New York Electricity Prices
One official says the best way to reduce pain for ratepayers this summer would be to look to state and local legislatures to cut taxes on electric utilities.
New Yorkers are going to need to prepare for a summer of higher electricity prices, and one official is even arguing that lawmakers should give households the same tax breaks they gave drivers.
A Con Ed representative, Phillip O’Brien, told the Sun that New York City and Westchester County residents should expect an 11 percent to 12 percent increase in the average energy bill versus last summer’s costs, though some believe that prices could increase more.
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