Yes, NYSEG has raised its rates. Residential electric customers in NYSEG's service area have experienced and will continue to see increases in their monthly bills as part of a new rate plan.
Under the approved rate plan, typical NYSEG residential electric customers, specifically those using around 600 kilowatt-hours (kwh) per month, have already seen an impact and will face further adjustments. These increases are designed to occur in phases over several years.
Here's a breakdown of the planned rate hikes for NYSEG residential electric customers:
| Effective Date | Average Monthly Bill Increase | Percentage Increase |
|---|---|---|
| November 2023 | $9.94 | 10.3% |
| May 2024 | $8.88 | 8.4% |
| May 2025 | $11.34 | 9.9% |
These figures represent average total monthly bill increases for the specified customer usage. The rate adjustments, which include both electric and gas components for RG&E customers (a sister company), have been approved to allow the utility to cover operational costs and invest in infrastructure improvements.
For more detailed information regarding the approved rate increases, you can refer to reports from local news sources covering the Public Service Commission's decisions. For instance, an article from the Democrat & Chronicle provides further context on the approved rate hikes: NYSEG, RG&E rate hikes approved. Here's what it means for customers
