New utility bills could even playing field

On the heels of a News 12 The Bronx investigation into alleged price-fixing by Con Edison, the utility is lauding its new billing model.But will

FORDHAM - On the heels of a News 12 The Bronx investigation into alleged price-fixing by Con Edison, the utility is lauding its new billing model.

But will it lower customers' bills?

Con Ed says that to help customers, it is rolling out a new billing model in February 2010 that'll allow it to charge based on an actual or monthly cost instead of using a three-month forecasted rate.

For example, if Con Ed pays 5 cents per kilowatt for electricity in a given month, customers will have a 5 cent per kilowatt supply charge, plus taxes and delivery fees.

Con Ed stresses that the new billing model won't guarantee cheaper rates, but will reflect real-time market prices rather than an averaged estimate.

advertisement | advertise on News 12

Trending Video

1 Bronx Sportscast, Dec. 6
2 VIDEO: Suspect in Sheridan Avenue murder escorted by police
Word on the Street: Amazon Go's checkout-free grocery 3 Word on the Street: Amazon Go's checkout-free grocery store
4 VIDEO: 2 men rob Bronx deli workers at gunpoint
A thief swiped a cash register from a 5 Sources: Thief stole cash register, then cab as getaway car

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 The Bronx nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE