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New Yorkers who already financially straining to feed and clothe themselves due to high energy costs are getting jolted again.
National Grid, formerly known as Niagara Mohawk, has announced that starting in January, customers of the monopoly will see an average increase in their residential bill of $10 a month due to what they say are record high electric supply costs.
They blamed the higher costs on hurricanes and supply demands.
The monthly rate increases will range from a low of $5.50 in Western New York to a high of $15 in Eastern New York. The increases will be reflected on the customer's bill as a "delivery adjustment".
The company claims that it doesn't have any role in determining market prices and doesn't profit from the higher rates.
The Public Service Commission, supposedly the watchdog of state utilities, has granted National Grid approval to additionally increase electric bills by 3.4% in April and another 1.6% in January 2007, supposedly for employee benefits, environmental cleanup and regulation changes. 12-27-05
© 2005 North
Country Gazette
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