Con Ed customers are (unfortunately) accustomed to paying top dollar for their electricity. Last year, while the nationwide average rate for a kilowatt hour of electricity was 13.31 cents, Con Ed charged residential customers nearly double—26.36 cents per kilowatt hour.
We’ve written about how CHP can help you weather storms. We’ve also shared how CHP can protect you from blackouts. But did you know it can also protect you from electric rate hikes? With the recent news about a major electric company raising rates, this blog will explain how you can get off the grid and avoid Con Ed price hikes with CHP.
Now, rates are expected to rise even more—every year for the next three years. Typical residential electric bills will rise by an average of 4.2% in 2020, 4.7% in 2021 and 4% in 2022 under the plan. Westchester residents and commercial businesses are two groups who are likely to be impacted more than others.
You wouldn’t have to worry if you implemented a CHP system at your facility. While others are awaiting their fate with the stroke of a pen, our customers are reaping the benefits of grid independence, including peace of mind. If you’d like to discuss your options, let’s talk.