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Central Hudson announces electricity prices up again

Aug 14, 2022 12:30 am

Paul Kirby is reporting for the Daily Freeman Central Hudson Gas and Electric Corp. said August 12, its electrical supply cost has risen for the second month in a row in the middle of summer heat waves. Joseph Jenkins, a Central Hudson spokesperson, said the newest supply rate became effective on the 11th, when the residential price for electric supply rose from 5.83 cents per kilowatt hour in July, to 8.52 cents in August. Central Hudson’s residential price for electric supply also rose in July. “Electric supply prices tend to rise during the summer months due to increased demand,” Jenkins said. “We’ve seen sustained heat over the last few months, so this is in line with the supply price trends we usually see during the summer.” Jenkins pointed out that the state Public Service Commission and the New York Independent System Operator, which oversees the state’s wholesale energy grid, both issued reports in advance of this summer forecasting increased prices during the warmer months. The new rates were approved by the Public Service Commission as part of a three-year plan in November. That plan includes another increase in delivery charges in July 2023. Read the full story at Daily Freeman [dot] com.

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