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Economy
Con Edison bills surge in January, prompting outcry from New Yorkers
2022-02-10
[FOX] Energy bills for a swath of New Yorkers surged in January, prompting an outcry from customers who say their bills have doubled in the latest wrinkle to red-hot inflation.

Consolidated Edison Inc., commonly known as Con Edison or ConEd, operates one of the "world’s largest energy delivery systems" providing energy for roughly 10 million people who live in New York City and Westchester County.

The price increases last month were due to an uptick in the supply cost of the energy commodity, not the cost for ConEd's services, otherwise known as "transmission and distribution charges," ConEd spokesman Allan Drury told FOX Business.

"Natural gas is a driver of electricity costs as it is used by generation plants to create electricity. Con Edison does not make a profit on the commodity," Drury said in a statement to FOX Business. "We buy the energy on the wholesale market and provide it to customers at the same price we paid."

NYMEX natural gas futures have jumped over 49% from 12 months ago.

The company has roughly 3.5 million electric customers and 1.1 million natural gas customers.
Posted by:Besoeker

#7  Thank You, Brandon
Posted by: Merrick Ferret   2022-02-10 20:50  

#6  Economics, the dismal science.

Maybe Milton Friedman is really in charge. Or he just knew economics better than NY politicians.
Posted by: Tom   2022-02-10 11:37  

#5  I hope it triples after you last "bomb cyclone" or whatever non sense they are calling a winter storm now.
Posted by: Chris   2022-02-10 09:34  

#4  It really is too bad we can't devise a system where only the people who vote for a particular politician / political party get to suffer / enjoy the fallout from their policies.
Posted by: M. Murcek   2022-02-10 08:57  

#3  No fracking no oil/gas. You voted Brandon. Hard and good.
Posted by: Procopius2k   2022-02-10 08:55  

#2  Remember peasants to switch over to electric cars even though our rulers shut down those nasty fossil fueled power plants.
Posted by: Hupavish Speaking for Boskone8393   2022-02-10 06:24  

#1  "....And yeah, we shut down that fully amortized and perfectly good nuclear plant, but who coulda seen this coming?"

Mike

Posted by: Mike Kozlowski   2022-02-10 06:12  

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