Trifecta of NYC utility hikes could bring double-digit increases: What to know
Utility rates have been on the rise for city residents and are set to go up even more this summer. Ratepayer advocates say New Yorkers will pay roughly $53 a month more than last year because of three main hikes:A proposed 11% increase over three years for natural gas customers in Queens, Brooklyn and Staten Island that could hit this summer
The cost of water is scheduled to go up July 1 due in part to Mayor Eric Adams' decision to again charge New Yorkers rent for the system’s water and sewer pipes. City Hall did not respond to questions about how long this rental charge would last but said city services could be cut without the increase.
Company spokesperson Alexander Star, said the utility needs to raise rates because of “federal and state safety mandates, as well as increased property taxes and the costs to deliver expanded energy efficiency.”“They’re saying, ‘Oh, this is about safety and reliability’ when it's really not,” said Kim Fraczek, director of the environmental group Sane Energy Project. “It's about them making deep investments in fossil fuels so their stock prices go up.
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