Con Edison customers may soon see a decline in their electric bills. The New York Post said this spring’s 2.5 percent rate bump will remain in place until at least next April.
That, combined with lower costs from companies that generate electricity for Con Ed, means New Yorkers may see a drop in their electric bills.
The utility could petition the Public Service Commission for a rate hike at any time but it takes about a year for the state to approve an increase.
The Post reports Con Ed told the commission last year it was generating enough cash to stay healthy through April 2014.