NY Faces Rising Customer Bills for Gas as New York Electrifies, Report Says

As policymakers continue to negotiate decarbonization in New York, they have so far declined to outline in detail the costs to individual households and ratepayers to shift away from fossil fuels. According to a report by the Building Decarbonization Coalition, which supports building electrification, remaining gas ratepayers could see monthly utility bills rise to $8,000 in 2050 if 90 percent of customers leave the gas system. A hybrid approach of electrification with the gas system decarbonized with alternative fuels is estimated to have a lower cost impact on ratepayers, according to the report. For more information, click HERE.