Nearly 2 million local National Grid customers could be seeing red over hefty proposed rate hikes pushing them to get more green. The natural gas and electric utility giant has proposed gas-use increases of 17% for its New York City residential customers and 16% for Long Islanders, with the company blaming inflationary costs and government green-energy requirements.
The company is proposing to hike average residential gas bills by $28.52 a month starting next April, citing increased costs for materials, contractors and property taxes.
Americans hit by high consumer prices over the past year might be tempted to look for financial relief in other areas such as lower utility bills. Unfortunately, those bills will offer no relief..