New utility bills could even playing field

On the heels of a News 12 The Bronx investigation into alleged price-fixing by Con Edison, the utility is lauding its new billing model. But will it lower customers' bills? Con Ed says that to help

News 12 Staff

Mar 19, 2009, 10:18 PM

Updated 5,596 days ago

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On the heels of a News 12 The Bronx investigation into alleged price-fixing by Con Edison, the utility is lauding its new billing model.
But will it lower customers' bills?
Con Ed says that to help customers, it is rolling out a new billing model in February 2010 that'll allow it to charge based on an actual or monthly cost instead of using a three-month forecasted rate.
For example, if Con Ed pays 5 cents per kilowatt for electricity in a given month, customers will have a 5 cent per kilowatt supply charge, plus taxes and delivery fees.
Con Ed stresses that the new billing model won't guarantee cheaper rates, but will reflect real-time market prices rather than an averaged estimate.


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