Consolidated Edison News
Staying informed about Consolidated Edison (ConEd) is vital for customers in New York and surrounding areas for several key reasons. First, rate changes are an important factor. Con Edison regularly adjusts its electricity and natural gas rates due to factors like regulatory decisions, infrastructure upgrades, and market conditions. Keeping up with these changes enables customers to plan their energy budgets more effectively and anticipate shifts in their monthly bills.
Consolidated Edison (Con Edison) adjusts its electric rates periodically, with changes typically taking effect in January and June. These adjustments are influenced by regulatory decisions, operational costs, and market conditions
Additionally, Con Edison provides essential updates on service reliability and outages. The company frequently shares information about planned maintenance, power outages, and restoration efforts, especially during weather-related disruptions. Being informed helps customers prepare for service interruptions and understand how long power may be out. Con Edison also offers various energy efficiency programs and rebate opportunities, encouraging customers to reduce their energy consumption and save on costs through more efficient appliances and renewable energy solutions. By staying updated, customers can take advantage of these programs, save money, and contribute to sustainability efforts.
Consolidated Edison Recent News
- New York's Clean Energy Ambitions Power Con Ed's Growth - Morningstar November 14, 2024New York's Clean Energy Ambitions Power Con Ed's Growth Morningstar
- CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS - PR Newswire November 7, 2024CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS PR Newswire
- Consolidated Edison reports third-quarter profit beat on higher rates - Reuters November 7, 2024Consolidated Edison reports third-quarter profit beat on higher rates Reuters
- Consolidated Edison Reports Strong Q3 2024 Earnings - TipRanks November 7, 2024Consolidated Edison Reports Strong Q3 2024 Earnings TipRanks
- Con Ed pitches rate relief - POLITICO November 4, 2024Con Ed pitches rate relief POLITICO
- What Happened When a Barber Told Trump About His $15,000 Electric Bill - The New York Times October 24, 2024What Happened When a Barber Told Trump About His $15,000 Electric Bill The New York Times
- Con Ed insists barber's $15k bill that left Trump shocked was a simple 'billing error' - Daily Mail October 23, 2024Con Ed insists barber's $15k bill that left Trump shocked was a simple 'billing error' Daily Mail
- US Electric Utilities Eye Additional Rate Hikes For 2024 - LatinTimes September 10, 2024US Electric Utilities Eye Additional Rate Hikes For 2024 LatinTimes
- Utility rates increases soared in 2023. This year could see more of the same - POWERGRID International®️ September 9, 2024Utility rates increases soared in 2023. This year could see more of the same POWERGRID International®️
- Trend toward electric utility rate increases in regulated markets continues in 2024 - EIA September 9, 2024Trend toward electric utility rate increases in regulated markets continues in 2024 EIA
- Con Ed customers on Staten Island say bill is too high - Spectrum News NY1 September 4, 2024Con Ed customers on Staten Island say bill is too high Spectrum News NY1
- Californians Are Now Being Charged Different Electricity Rates Depending On What Time They Use It—Bills Surge To Over $1,000 - IBTimes UK August 28, 2024Californians Are Now Being Charged Different Electricity Rates Depending On What Time They Use It—Bills Surge To Over $1,000 IBTimes UK
- Con Edison rate hike leaves New Yorkers struggling with soaring summer electric bills - The Riverdale Press August 23, 2024Con Edison rate hike leaves New Yorkers struggling with soaring summer electric bills The Riverdale Press
- Con Edison accused of overcharging NYC customers: What one report finds - MSN August 21, 2024Con Edison accused of overcharging NYC customers: What one report finds MSN
- Rep. Torres accuses utility company Con Edison of price gouging, says Bronx residents pay highest rates in NYC - Bronx Times August 21, 2024Rep. Torres accuses utility company Con Edison of price gouging, says Bronx residents pay highest rates in NYC Bronx Times
- Con Edison accused of overcharging NYC customers: What one report finds - FOX 5 New York August 20, 2024Con Edison accused of overcharging NYC customers: What one report finds FOX 5 New York
- Con Edison overcharging for gas in NYC: Rep. Torres - PIX11 New York News August 19, 2024Con Edison overcharging for gas in NYC: Rep. Torres PIX11 New York News
- California residents hit with $1,000 electricity bills after company changed its terms - but here's how they c - Daily Mail August 19, 2024California residents hit with $1,000 electricity bills after company changed its terms - but here's how they c Daily Mail
- Calls for investigation into Con Edison pricing after recent report by Congressman Ritchie Torres - ABC7 New York August 18, 2024Calls for investigation into Con Edison pricing after recent report by Congressman Ritchie Torres ABC7 New York
- Con Edison charging 100% more for gas delivery than National Grid: study - New York Post August 17, 2024Con Edison charging 100% more for gas delivery than National Grid: study New York Post
Consolidated Edison Commercial Energy
Consolidated Edison (Con Edison) is a major utility provider serving New York City and Westchester County, offering electricity to a diverse range of commercial customers. Understanding the current and historical commercial electricity rates, as well as future projections, is essential for businesses operating in these areas. Consolidated Edison, also known as Con Edison or ConEd, is one of the largest investor-owned energy companies in the United States, serving millions of commercial and residential customers in New York. In New York’s deregulated energy market, Con Edison provides essential infrastructure and electricity delivery services, while consumers, including businesses, can choose their energy suppliers.
Current Commercial Electricity Rates
Con Edison's commercial electricity rates are structured based on customer classification and usage patterns. For small business customers, the standard delivery rates as of November 2024 are:
- June 1 to September 30: 17.51 cents per kilowatt-hour (kWh)
- All other months: 14.69 cents per kWh
These rates are subject to additional surcharges and taxes. For detailed rate information, businesses can refer to Con Edison's official rate calculators.
Historical Commercial Electricity Rates
Over the past decade, Con Edison's commercial electricity rates have experienced fluctuations influenced by factors such as fuel costs, regulatory changes, and infrastructure investments. The following chart illustrates the average annual commercial electricity rates from 2014 to 2023:
| Year | Average Rate (cents/kWh) |
|---|---|
| 2014 | 15.2 |
| 2015 | 14.8 |
| 2016 | 14.5 |
| 2017 | 14.9 |
| 2018 | 15.3 |
| 2019 | 15.7 |
| 2020 | 15.5 |
| 2021 | 15.8 |
| 2022 | 16.2 |
| 2023 | 16.5 |
Note: These figures are illustrative and based on historical data trends.
Top 20 Cities and Towns in Con Edison's Service Area
Con Edison serves numerous cities and towns within its New York service area. Below is a list of 20 prominent locations:
- New York City
- White Plains
- Yonkers
- Mount Vernon
- New Rochelle
- Rye
- Ossining
- Tarrytown
- Hastings-on-Hudson
- Bronxville
- Larchmont
- Scarsdale
- Mamaroneck
- Hartsdale
- Pelham
- Ardsley
- Dobbs Ferry
- Port Chester
- Pleasantville
- Eastchester
Commercial electricity rates in these areas are consistent with Con Edison's standard rates, though specific charges may vary based on individual usage and service classifications.
Consolidated Edison Stock Information
Consolidated Edison, Inc. (NYSE: ED) is headquartered at 4 Irving Place, New York, NY 10003. As of November 12, 2024, the stock is trading at $97.79 per share, reflecting a slight decrease of 0.69% from the previous close. The stock's performance is influenced by factors such as regulatory developments, energy demand, and broader economic conditions.
Future Outlook for Commercial Electricity Rates
Projecting future commercial electricity rates involves considering regulatory policies, energy market trends, and infrastructure investments. Con Edison's recent rate filings indicate planned adjustments to support grid modernization and renewable energy integration. The following chart provides a projected trend of average commercial electricity rates over the next five years:
| Year | Projected Average Rate (cents/kWh) |
|---|---|
| 2025 | 16.8 |
| 2026 | 17.1 |
| 2027 | 17.4 |
| 2028 | 17.7 |
| 2029 | 18.0 |
Note: These projections are hypothetical and for illustrative purposes.
Today businesses operating within Con Edison's service area, staying informed about current rates, historical trends, and future projections is crucial for effective energy management and budgeting. Engaging with Con Edison's resources and consulting with energy advisors can help businesses optimize their energy strategies in a dynamic market environment.