National Grid seeks approval for 15% electricity and 20% natural gas rate hikes, resulting in increased annual power bills for customers.

National Grid seeks approval for 15% electricity and 20% natural gas rate hikes, which would increase the average upstate customer's annual power bill by $444 next year and $228 annually for power-only customers. The company cites increased supply chain costs and interest rates as reasons for the proposed increase. The proposed rate hikes are subject to regulatory approval.

June 02, 2024
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