New Yorkers were walloped with a 9.6 percent surge in their power bills last year, even though national electricity prices hardly budged, new government data show.
A typical monthly Con Ed bill for an apartment using 300 kilowatt hours of electricity was $77.50 in 2010, compared with $70.74 a year earlier, according to the data from the US Energy Information Administration.
The company charged 25.85 cents per kilowatt hour — more than twice the national average of 11.54 cents, the figures show.
Con Ed blames its high prices on the cost of maintaining its underground distribution system, labor costs and taxes — a hidden cost that takes up more than 20 percent of all bills.
Con Ed is expected to seek a rate boost next year that would kick in sometime in 2013.
(Source: NY Post)