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Con Ed's Shocking Price Hike Here in Time for Summer
By
John Del Signore
Published Jul 11, 2008
Modified Jul 11, 2008
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By
John Del Signore
Published Jul 11, 2008
Modified Jul 11, 2008
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Photo courtesy Occipital Lobe.
Those high natural gas and oil prices have raised the prices for wholesale electricity that Con Ed buys from power-generating companies, and naturally the company is passing those expenses along to us. The company says that residential customers will pay 22% more for electricity this year than they did last summer – almost a quarter of that spike is due to a Bloomberg-approved rate hike.
Harlem flea market vendor Cruz Reyes, told the Daily News the prices are forcing her to live without air conditioning this summer. But aside from that brief June heat wave, the temperature’s been mercifully tolerable. Come August Reyes’s cheapest option may be to unfold a chair outside the open doors of H&M and enjoy the frosty blast out on the sidewalk.
Tagged
con ed
con edison
electricity
high
prices
rate hike
John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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