New York State Electric & Gas and Rochester Gas and Electric (RG&E), subsidiaries of AVANGRID, Inc. , announced the companies have filed proposed changes to delivery rates with the New York State Public Service Commission (NYSPSC). The plans, titled “Reliable Energy New York: Investing in Our Future,” outline a proposal for each company that include infrastructure investments for a more resilient, sustainable and smart system, more resources to support customers and local communities, energy efficiency programs and investments to enable renewable energy, as well as economic development proposals that will help build cleaner, healthier communities. As inflation and other economic impacts affecting customers here in New York and across the country, the companies recognize the importance of balancing the critical investments our grid requires as well as the needs and expectations of our customers.
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Under the “Reliable Energy NY” proposals, NYSEG and RG&E will replace aging infrastructure and make smart investments for a more resilient system that can minimize the impacts of climate change on the energy system. The companies will also further encourage customers, community partners and business clients to adopt sustainable tools and technologies and support them as they make the transition to clean energy. That transition will lower their overall impact on the environment and give them more control over their total energy consumption and costs.
“Reliable Energy NY” proposes a rate structure that would add $10-18 to the average electric or gas residential customer’s monthly delivery costs, or a 13-22% increase on each total bill. New delivery rates are proposed to go into effect May 1, 2023. Even with these proposed increases in delivery rates, the companies will continue to have among the lowest electric and gas rates in New York
About NYSEG: New York State Electric & Gas Corporation (NYSEG) is a subsidiary of AVANGRID, Inc. Established in 1852, NYSEG operates approximately 35,000 miles of electric distribution lines and 4,500 miles of electric transmission lines across more than 40% of upstate New York. It also operates more than 8,150 miles of natural gas distribution pipelines and 20 miles of gas transmission pipelines. It serves approximately 894,000 electricity customers and 266,000 natural gas customers.