Con Edison Co. (ConEd), serving 10 million New York City and Westchester County customers, said it has invested $1.3 billion into its electric-delivery systems to support reliable service, although some customers’ bills are likely to increase.
While ConEd is also using the investment to add technologies to maintain its vision of a clean energy future, the company is predicting that with a typical hot New York summer, and the additional difficulty of protecting the public and employees during the pandemic, customers will see their monthly bills increase.
A New York city residential customer using 350 kWh each month could see on average a 9.5% increase between June and September to $108.53/month, versus $99.14 for the period in 2019. However, a typicall Westchester County residential customer using 500 kWh/month could witness an average 3% decrease, to $117.53/month from $121.32 over the same period.
A business customer in New York city using 10,800 kWh with a peak demand of 31 kW can expect average summer bills to increase from $2,203.94/month in 2019 to $2,320.15 this year.
“Safe, reliable power is essential for New Yorkers, particularly during the health crisis,” said President Tim Cawley. “We continue to invest to keep our system reliable and are accelerating the integration of clean technologies onto the grid. We also realize that these are difficult times for our customers and have taken steps to ease the financial burden and help them stay safe. Defeating the coronavirus requires a collective effort and the women and men of Con Edison are keenly focused on doing our part.”
ConEd, among other initiatives to help the community, is working with customers on payment plans. The company has also suspended turnoffs for nonpayment and is waiving new late fees. Additionally, ConEd is providing various energy efficiency programs for residential and commercial customers.