Winter Energy Demand Set Records, But Con Edison Bills Dropped
Lower Commodity Costs, New Pipeline Saved Customers Money -- As New Yorkers watch snow fall on the first day of spring, Con Edison said today winter bills were lower and demand for natural gas was higher than during last year's winter heating season.
The average monthly gas-heating residential bill (based on average usage of 162 therms a month) was $216, or 23 percent lower than the $279 during the winter of 2013-14.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $44 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, N.Y. For more financial, operations and customer service information, visit www.conEd.com, learn energy tips at, www.coned.com/waystosave, or find us on Facebook at [Con Edison] (https://www.facebook.com/ConEdison).