Days after a power outage affecting more than 100,000 New York customers, NYSEG is preparing to raise its electricity rates again.

The utility says the third annual delivery rate increase under a plan approved by state regulators will take effect on Sunday. The company also will raise its rates for natural gas.

According to a public notice issued by NYSEG, the Public Service Commission authorized the three-year rate hike plan in November 2020.

The price adjustments include a $36 million increase in electricity revenue and a $5.3 million increase in natural gas revenue.

Figures provided in NYSEG's public notice suggest many of the company's customers will pay more than $43 annually in higher bills.

The average bill for a residential electricity customer with an average use of 600 kilowatt-hours per month will increase by $2.42.

The average bill for a residential natural gas heating customer using 80 therms per month will rise by $1.20.

NYSEG is advising customers that they may see some charges prorated on May or June bills to take into account energy delivered before and after the new delivery rates went into effect.

Tens of thousands of NYSEG customers in Broome, Tioga and other nearby counties were without power for days last week after heavy snow downed trees and power lines.

Broome County Executive Jason Garnar said he believed it was the "largest power outage" in county history.

A NYSEG natural gas crew working in downtown Binghamton. Photo: Bob Joseph/WNBF News
A NYSEG natural gas crew working in downtown Binghamton in January 2013. (Photo: Bob Joseph/WNBF News)
loading...
WZOZ logo
Enter your number to get our free mobile app

Contact WNBF News reporter Bob Joseph: bob@wnbf.com.

For breaking news and updates on developing stories, follow @BinghamtonNow on Twitter.

LOOK: See how much gasoline cost the year you started driving

To find out more about how has the price of gas changed throughout the years, Stacker ran the numbers on the cost of a gallon of gasoline for each of the last 84 years. Using data from the Bureau of Labor Statistics (released in April 2020), we analyzed the average price for a gallon of unleaded regular gasoline from 1976 to 2020 along with the Consumer Price Index (CPI) for unleaded regular gasoline from 1937 to 1976, including the absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover just how much a gallon was when you first started driving.

LOOK: See the iconic cars that debuted the year you were born

LOOK: 100 years of American military history

 

 

More From WZOZ