Con Edison, which provides energy for roughly 10 million people living in New York City and Westchester County has estimated that power bills this summer will be a whopping 11-12% higher than in 2021.
Con Edison confirmed to FOX 5 NY that that lines up with their own predictions as well, but some experts say a 12% increase might be being too conservative.
Economides told FOX 5 NY that he thinks prices could jump 20% because ⅔ of the state gets its electricity from natural gas, and natural gas is now 2 ½ times higher compared to a year ago.
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