National Grid Requesting 20% Rate Increase over 3 Years

SYRACUSE – National Grid unveiled a proposed rate settlement with New York regulators on Friday that would increase a typical household’s electric and gas bill by $22 a month starting in September according to Syracuse.com.By the third year of the deal, an average residential customer would pay $50 a month more than today for electricity and gas. That’s $600 a year.  The proposed rate increases, the largest in recent decades, still require approval from the state Public Service Commission before they can take effect. The PSC is likely to rule on the request this summer.