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National Grid set to increase electrical rates

The utility company said it has reached a three-year agreement with parties such as IBEW Local97 union, that will minimize grid impacts.

NEW YORK — National Grid Customers could soon be potentially seeing an increase in their electrical rates. 

The utility company announced on Monday that it has reached a three-year agreement with other parties such as IBEW Local97, a labor union that represents National Grid line workers, that will minimizes bill impacts and helps advances New York’s renewable energy and emissions reductions goals. 

The average home customer using 600 kilo-watt hours of electricity will see a $1.88 increase in the first year in this plan, and by year three it will jump to $2.23.

National Grid’s previous gas and electricity rate plans expired on March 30, 2021 and a new proposal was originally due in April 2020. However, the company decided to delay the filing because of the pandemic.

The new proposal will be presented to the public service commission for a vote by the end of the year.

If approved, the program is set to begin January 1st, 2022.