The NY Public Service Commission unanimously approved a 3-year Con Edison rate hike retroactive to January 1, 2026. Average electric delivery charges rise 3.5% in 2026, and gas delivery charges rise 4.4%. For typical NYC residential customers, that means about $6.88 more per month on electric and $10.67 more on gas. The catch: rates are retroactive to January 1, so upcoming bills will include charges for months already billed at 2025 rates. State Senator Shelley Mayer has proposed legislation to limit retroactive utility collections.
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