Reported about 17 hours ago
New Yorkers, already burdened by soaring living costs including record rent prices and high grocery bills, are now facing proposed electricity rate hikes due to tariffs imposed on energy resources from Canada. Consolidated Edison is seeking an 11.4% increase in electric bills to fund upgrades to the power grid, which could exacerbate the affordability crisis in a city already grappling with high inflation and energy costs. Residents report increased stress as they deal with these financial pressures, fearing further hikes and the potential impact of tariffs on their electricity bills.
Source: YAHOO