About Con Edison’s Rates

2023 Summer Bill Outlook

• NYC residential electric customer using 280 kilowatt hours would increase $8.43 to $105.67, an increase of 8.7%
• Westchester residential electric customer using 425 kilowatt hours would decrease $5.78 to $128.30, a decrease of 4.3%
• Small commercial electric customer using 583 kilowatt hours would increase $23.86 to $230.94, an increase of 11.5%
• Large commercial electric customer using 10,800 kilowatt hours with a peak demand of 30 kilowatts would increase $44.35 to $2,985.13, an increase of 1.5%

Bill Impacts Outlined in the Joint Agreement

A large part of the rate increase is driven by taxes, most notably City of New York property taxes, which are now $1.9B as of financial year 2019–2020 and continue to increase every year.

Electric Bill Impacts
2022

• NYC residential electric customer using 300 kilowatt hours would increase $3.03 to $82.86, an increase of 3.8%.
• Westchester residential electric customer using 450 kilowatt hours would increase $4.34 to $115.68, an increase of 3.9%.
• Small commercial electric customer using 600 kilowatt hours would increase $6.67 to $165.80, an increase of 4.2%.
• Medium commercial electric customer using 10,800 kilowatt hours with a peak demand of 30 kilowatts would increase $62.50 to $1,966.60, an increase of 3.3%.

2021

• NYC residential electric customer using 300 kilowatt hours would increase $3.40 to $79.83, an increase of 4.5%.
• Westchester residential electric customer using 450 kilowatt hours would increase $4.88 to $111.34, an increase of 4.6%.
• Small commercial electric customer using 600 kilowatt hours would increase $7.40 to $159.13, an increase of 4.9%.
• Medium commercial electric customer using 10,800 kilowatt hours with a peak demand of 30 kilowatts would increase $70.59 to $1,904.10, an increase of 3.9%.

2020

• NYC residential electric customer using 300 kilowatt hours would increase $2.86 to $76.43, an increase of 3.9%.
• Westchester residential electric customer using 450 kilowatt hours would increase $4.17 to $106.46, an increase of 4.1%.
• Small commercial electric customer using 600 kilowatt hours would increase $6.46 to $151.73, an increase of 4.4%.
• Medium commercial electric customer using 10,800 kilowatt hours with a peak demand of 30 kilowatts would increase $42.44 to $1,833.51, an increase of 2.4%.

Gas Bill Impacts
2022

• Residential customer with gas for cooking using 5 therms on average per month would increase $2.13 to $35.30, an increase of 6.4%.
• Residential customer with gas for heating using 100 therms on average per month would increase $12.87 to $191.05, an increase of 7.2%.

2021

• Residential customer with gas for cooking using 5 therms on average per month would increase $2.45 to $33.17, an increase of 8.0%.
• Residential customer with gas for heating using 100 therms on average per month would increase $14.44 to $178.18, an increase of 8.8%.

2020

• Residential customer with gas for cooking using 5 therms on average per month would increase $2.72 to $30.72, an increase of 9.7%.
• Residential customer with gas for heating using 100 therms on average per month would increase $11.36 to $163.74, an increase of 7.5%.

Steam Bill Impacts

New steam rates were filed with the Public Service Commission on November 22, 2022, and will become effective on November 1, 2023. Review the rate filing fact sheet.

• SC-1—General Service using 100 Mlbs of steam power per month would increase $5,137 to $6,866, an increase of 33.7%.
• SC-2—Annual Power Service—Rate I (Non-Demand) using 750 Mlbs of steam power per month would increase $27,690 to $35,308, an increase of 27.5%.
• SC-3—Apartment House Service—Rate I (Non-Demand) using 900 Mlbs of steam power per month would increase $25,109 to $31,340, an increase of 24.8%.