Your utility bills could go up over 15% as Central Hudson seeks approval for rate increases

Central Hudson's proposal, if approved, could lead to a 16% rise in electric bills and a 19% increase in gas bills starting next year.

News 12 Staff

Aug 8, 2023, 9:47 AM

Updated 255 days ago

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Central Hudson customers may face higher utility costs as the company seeks approval from the state for rate increases exceeding 15% for both electric and gas services.
Central Hudson's proposal, if approved, could lead to a 16% rise in electric bills and a 19% increase in gas bills starting next year. The utility company asserts that the rate hike is necessary to finance the replacement of aging infrastructure and to align with the state's renewable energy mandates.
However, several legislators are expressing concerns about the potential impact on consumers. Multiple lawmakers are urging the Public Services Commission to refrain from permitting such substantial rate hikes.
The request from Central Hudson marks the initiation of an extensive 11-month evaluation process. This process will involve public meetings and the gathering of testimonies from both customers and lawmakers, aiming to ensure transparency and the consideration of diverse viewpoints.
RATE HIKES?
Central Hudson is seeking to increase their rates for both electric and gas services. Find out how much it might cost you – NEXT at 7 a.m.
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