Investing in the energy you need to live the life you want

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Our Plan to Keep Your Energy
Strong

New York never stops, and neither do we. That’s why investments in our energy systems are critical to keep the city running, businesses open, and New York’s economy growing.

Con Edison is New York’s hometown team. We’re proud to provide power to 9 million people and 350,000 businesses across New York City and Westchester County—a region that makes up the largest economy in the state and among the largest in the country and the world.

Over the past 11 months, many groups—including local leaders, environmental experts, and customer advocates—worked together through a process led by the Public Service Commission (PSC).

Everyone brought different views, but our goal was the same: to move forward with a balanced plan to build the grid of the future, one that’s cleaner, resilient year-round, and will deliver reliable energy while balancing costs for you.

To maintain the service you expect, the plan includes the required investments in our systems needed to:
• Stay resilient against severe storms, hotter temperatures, and longer heatwaves happening more often
• Support the state’s energy laws
• Maintain a safe and reliable gas system
• Continue to deliver the energy you need

The plan, which was recently approved by the PSC, will impact your rates.
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How Your Rates Are Changing

The new rates are part of a three-year investment plan and run through December 31, 2028.

The annual average electric delivery rate will increase by 2.8%, and the annual average gas delivery rate will increase by 2%—that’s close to the current rate of inflation.
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What We’re Doing to Keep Your Costs Down

Like you, we live and work here. We work every day to balance the investments needed for resilience and reliability with customer costs while supporting the communities we serve.

Some projects have been postponed or reduced, to keep costs down, like moving power lines underground, slowing certain system upgrades and maintenance, and deferring upgrades to our energy control center.

Property taxes are a big part of your bill increase. In 2026, customers will pay around $3 billion in property taxes on utility pipes and wires through their energy bills. We’re urging policy makers to change the city’s property tax structure to deliver real relief to millions of customers. Currently, taxes are folded into your delivery costs, and starting next year they will appear as a separate line item on your bill, so you can see what you’re paying.

We advocated to expand our Energy Affordability Program so more customers—specifically New Yorkers with household incomes below the area median—could benefit from discounts on their energy bills.

Need help paying your bill? We’re here to help you understand your payment options, spread your payments evenly across the year, and get back on track if you fall behind.
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Note: Actual bill impacts may vary based on customer usage and market conditions. The amounts shown reflect delivery rate changes per the Joint Proposal only. Additional adjustments, including the Delivery Revenue Surcharge—which reconciles revenue differences due the timing of the effective date of rate changes—and the Revenue Decoupling Mechanism, will be reconciled separately and could affect final bills.