The New York State Public Service Commission has denied a request by Con Edison to increase proves for electricity, gas and steam service.
In a statement issued on Thursday, the PSC said electric rates for residential and small commercial customers will remain “virtually unchanged” from 2013 rates for he next two years. Delivery charges for gas and steam will remain stable for the next three.
The utility had asked for increases of 8 percent for electric, 2.5 percent for natural gas and 2.3 percent for steam in 2014.
In addition to stabilizing delivery charges to customers, other benefits for customers include:
• Improving and increasing the discounts associated with the electric and gas low-income programs;
• Ensuring quicker reconnections of residential electric service by providing the company resources to expand its capability to reconnect most customers the same day they are eligible for service reconnection;
• A new business incentive rate program to assist small businesses recovering from the effects of Superstorm Sandy;
• Strengthening performance measure metrics for customer service;
• Strengthening performance measure metrics for electric reliability; and
• Expanding performance measure metrics for gas safety violations.