IPPNY: High NY Bills Persist Despite Low Wholesale Rates Due To Regulated Non-Supply Charges
February 06,2017
The Independent Power Producers of New York released a brochure examining New York's electric rates.
Despite New York’s power producers selling electricity to utility companies at a record low, consumers are not seeing a pronounced decrease in their bills, IPPNY said
IPPNY President & CEO Gavin Donohue said, “As a trade association we’re always asked: If electricity is so cheap, why are electric bills not going down? We did this analysis to find that answer and attempt to educate the public and policy makers. It is surprising to see that 70 percent of what you pay in your bill is not even for electricity.”