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National Grid Proposes 15% Rate Hike to Boost Reliability and Support New York’s Clean Energy Initiatives.

National Grid has submitted a proposal to reset electricity and natural gas delivery prices starting spring 2025 in an effort to enhance reliability and advance New York’s clean energy goals. The proposal includes targeted investments and programs to reduce emissions, strengthen the safe delivery of energy, connect renewable energy projects to the company’s networks, and increase energy efficiency offerings and other programs to help customers reduce their energy usage. It also includes increasing consumer advocates to assist vulnerable customers and eliminating credit card fees for residential bill payments. The one-year proposal is expected to result in a total monthly bill increase of about $19, or 15 percent for a residential electricity customer using 625 kWh.

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