National Grid freezing electricity rates in February to offset rate increase

Published 01/29 2014 05:24PM

Updated 01/30 2014 08:24AM

Syracuse (WSYR-TV) – The frigid cold weather has our heating bills going up, but National Grid customers may be getting a break on February’s bill.

The state is allowing National Grid to give a temporary credit to offset unprecedented electricity rate hikes.

It doesn't necessarily mean your bill won't go up next month. If you use more electricity, you will pay for it.

But National Grid is freezing electric rates at its January price.

So, the dollar amount that you pay per unit of electricity will not go up right now.

However, it will cost you eventually. Though it's not clear when or how National Grid will bill its customers to make up the money it won't be collecting next month.

The state Public Service Commission warned National Grid's rates could have increased as high as 27 percent in February.

For the average customer, that would have meant in increase of anywhere from $12 to almost $30 next month.

The Public Service Commission has now stepped in and is allowing national grid to offer $32 million in a temporary credit to their customers, essentially allowing the utility to freeze the price.

The PSC is also looking into why National Grid customers are experiencing what it calls higher than normal price increases.

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