National Grid proposes rate hike in 2018

Posted at 11:29 AM, Apr 28, 2017
and last updated 2017-04-28 12:17:30-04

National Grid filed a proposal Friday to reset electricity and natural gas delivery prices beginning in April 2018.

The proposal would result in total monthly bill impacts of $11.23, or 13.9 percent for a residential electricity customer using 600 kilowatt-hours.

Total bill impacts for residential gas customers would be $10.38,  or 14.9 percent a month, based on 77 therms used.

National Grid says the new delivery prices will allow the company to modernize its electricity and gas networks to further enhance reliability and resiliency, improve customer service - including programs to assist the most vulnerable customers and promote economic growth.

“After more than a decade of rate stability, we fully understand the near term bill impact of this proposal on our customers and will look to phase in that impact while providing enhanced energy efficiency programs and bill management tools, and significantly increasing our support for our most vulnerable low-income customers,” said Ken Daly, National Grid’s New York president.  

The proposal must be reviewed by the New York Public Service Commission. If approved, it would take effect April 1, 2018. 

The current delivery price freeze for upstate electricity and natural gas customers will remain in effect through March 31, 2018.