High energy prices ahead- POLITICO – POLITICO

by | Sep 12, 2022 | Energy

Good morning and welcome to the Monday edition of the New York & New Jersey Energy newsletter. We’ll take a look at the week ahead and look back on what you may have missed last week.HIGH ENERGY PRICES AHEAD — POLITICO’s Marie J. French: New York’s largest utility is warning customers to expect higher heating costs this winter as high gas prices continue. Con Edison forecasts that the average customer in New York City will pay 32 percent more for gas than last year, or about $460 each month from November 2022 to March 2023. Electricity costs are also expected to be higher. Con Ed is the latest New York utility to warn of rising utility costs, as public officials and the utilities seek to warn residents earlier than ever amid extreme volatility in the energy markets. Higher utility bills will burden low- and moderate-income consumers, particularly those already struggling with unpaid bills from the pandemic.Here’s what we’re watching this week:TUESDAY— The Climate Action Council meets, 9 a.m.WEDNESDAY— The Independent Power Producers of New York, Inc., holds it annual fall conference in Saratoga Springs at the City Center, 8:45 a.m. Speakers include DEC Commissioner Basil Seggos and interim NYPA chief Justin Driscoll.THURSDAY— The Public Service Commission meets, 10:30 a.m.— The Department of Public Service holds the first of three days of public hearings on NYSEG/RG&E’s proposed rate hikes at 1 p.m. and 5 p.m.Want to receive this newsletter every weekday? Subscribe to POLITICO Pro. You’ll also receive daily policy news and other intelligence you need to act on the day’s biggest stories.

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— Oswego County is looking to revamp its green spaces.

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