About two million National Grid customers in New York City and Long Island could have gas delivery rates remain unchanged for two years under a proposal filed with the state Public Service Commission. If approved, the freeze would continue current gas delivery rates until March 31, 2028. The proposal follows prior rate increases for National Grid customers in April 2024, April 2025, and September 2024, and a separate Con Edison rate hike earlier this year. National Grid said the freeze would provide financial relief amid inflation and rising living costs. The company also proposed $250 million in customer credits to support gas distribution infrastructure. Climate activists welcomed the short-term freeze but expected additional future increases.
"Roughly 2 million National Grid customers in New York City and Long Island could see their just-hiked gas prices remain steady for the next two years under a proposal National Grid filed with the state's Public Service Commission on Friday."
"If approved, the proposal would continue to freeze current gas delivery rates for customers until March 31, 2028. It comes as millions of New Yorkers contend with rising utility costs amid the state's widening affordability crisis."
""With so many households and businesses across New York City and Long Island facing the pressures of inflation and a rising cost of living, we identified an opportunity to provide meaningful financial relief for our customers by freezing our gas delivery rates until 2028," Sally Librera, president of National Grid New York, said in a prepared statement on Friday."
""Thanks to our intense pressure campaign, National Grid has second-guessed themselves and the"
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