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Central Hudson electric rates quadruple

Oct 14, 2022 12:23 pm

Paul Kirby reports for the Daily Freeman that Central Hudson Gas & Electric Corp.’s electric supply prices are now four times higher than they were four months ago. The current price per kilowatt hour from Central Hudson is now 16.93 cents. In June the cost was 4.18 cents per kilowatt hour. But Central Hudson's natural gas prices have gone down. On Oct. 3, Central Hudson was charging 78.8 cents per 100 cubic feet, down from 97.8 cents per 100 cubic feet. “A number of international, national and regional forces continue to create volatility from month to month within the energy supply markets,” the utility said. Anthony Campagiorni, senior vice president of customer services and gas operations said, “We understand rising supply prices can create confusion and stress surrounding utility bills for our customers and we are working closely with our regulators to find ways to keep them as low as possible." Central Hudson is under investigation by the Public Service Commission and a Senate committee for billing practices and complaints about customers’ bills. Read more about this story in the Daily Freeman.