Electric shock: Glendale residents stunned by expected huge increases in power rates
Glendale is eyeing shocking increases in power rates over the next three years, driven in part by new demand for electric vehicles.
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Glendale is eyeing shocking increases in power rates over the next three years, driven in part by new demand for electric vehicles.
While NYSEG's rate increases are higher than ideal, its customers will benefit from a more resilient energy source.
Having calmed down slightly, the mortgage market is still in a volatile state, and average rates for fixed-term deals are still on the rise.
“The big question is what changes will the commissioners actually make,” one consumer advocate said.
The New York State Public Service Commission unanimously approved NYSEG and RG&E's proposed electric and gas rate hikes Thursday.