ALBANY, New York — National Grid’s downstate gas customers would see no bill increases for a year under the utility’s proposal filed Friday.
The utility is proposing to freeze rates until April 2028 for its 1.9 million New York City and Long Island gas customers. The company previously secured a three-year rate hike approved by regulators in 2024 that included increases of more than 20 percent.
“With so many households and businesses across New York City and Long Island facing the pressures of inflation and a rising cost of living, we identified an opportunity to provide meaningful financial relief for our customers by freezing our gas delivery rates until 2028,” said Sally Librera, president of National Grid New York, in a statement.
Why it matters: The proposal to freeze rates for a year comes amid a volatile political environment around energy costs. Gov. Kathy Hochul is running for reelection on an affordability platform and has slammed companies for proposing rate increases and criticized big paychecks for utility executives.
