A non-profit group says consumers are being left in the cold when it comes to input about a proposed electric rate hike in the Hudson Valley. It says older consumers, in particular, can ill afford the possible two-digit hike. Meanwhile, the utility is aiming for a lower rate hike.
RENSSELAER, N.Y. (AP) — New York's electrical grid operator says the average price of wholesale electricity hit a 12-year low last year, thanks to a glut of cheap natural gas and market competition that drives greater efficiency.
The New York Independent System Operator, or NYISO, said Wednesday that the average annual wholesale price of electric energy in the state was $45.23 per megawatt hour. The previous record low was $48.63 in 2009.