The cost of electricity delivery by Con Edison in New York has increased by approximately 55.5% over the past 10 years (2014–2024), with further hikes approved through 2028.
Breakdown of the Increase
Rate per kWh: Between 2014 and 2024, the base delivery charge for standard residential service (Rate I) rose from 9 cents to 14 cents per kWh, reflecting an average annual increase of roughly 4%.
Total Bill Impact: Since 2019 alone, total electricity costs have surged by nearly 40%due to a combination of delivery rate hikes and fluctuating supply costs.
Recent and Future Hikes:
2023–2025: The New York Public Service Commission (PSC) approved a three-year plan totaling a 13.5% increase in delivery rates to fund infrastructure and clean energy.
2026–2028: A newly approved plan will raise electric bills by another 10.4% over three years. This includes annual delivery revenue increases of 4.4% in 2026 and 2027, followed by 4.3% in 2028.
2026–2028: A newly approved plan will raise electric bills by another 10.4% over three years. This includes annual delivery revenue increases of 4.4% in 2026 and 2027, followed by 4.3% in 2028.
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