Starting May 28, households in the five boroughs will be socked with rate increases of up to 12 percent to run appliances — after the feds decided that power companies needed an extra $500 million a year, The Post has learned.
And that’s on top of another 4 percent state-OK’d Con Ed rate hike that kicks in today.
A typical apartment resident’s electric bill of $74 — based on 250 kilowatt hours of power each month — will go up to $86, or $12 more than last July.
About $8 of that boost will come from the feds’ decision.
Businesses will be hit even harder. A small firm that paid $406 last July will shell out $477 this July — a 17.5 percent boost.
About $59 of that comes courtesy of the feds.
Mayor Bloomberg and Sen. Charles Schumer are furious over the shocking ruling — and are urging the Federal Energy Regulatory Commission to reconsider.