Roughly 2 million National Grid customers in New York City and Long Island could see their just-hiked gas prices remain steady for the next two years under a proposal National Grid filed with the state’s Public Service Commission on Friday.
If approved, the proposal would continue to freeze current gas delivery rates for customers until March 31, 2028. It comes as millions of New Yorkers contend with rising utility costs amid the state’s widening affordability crisis.
Rates for National Grid customers in New York City and Long Island already rose in April of this year, and previously in April 2025 and September 2024. State regulators also approved a rate hike for Con Edison customers earlier this year.
“With so many households and businesses across New York City and Long Island facing the pressures of inflation and a rising cost of living, we identified an opportunity to provide meaningful financial relief for our customers by freezing our gas delivery rates until 2028,” Sally Librera, president of National Grid New York, said in a prepared statement on Friday.
"Coming off a harsh winter that brought record demand for gas, this proposal directly addresses affordability while ensuring our dedicated employees continue to deliver the safe, reliable energy that heats homes and powers businesses — especially during periods of extreme weather," Librera said.
National Grid said it is also proposing funneling $250 million in customer credits to help fund its gas distribution infrastructure.
National Grid did not immediately respond to requests for comment from Gothamist.
While climate activists approved of National Grid’s willingness not to increase gas prices in the short term, they also expect that the company "will be back next year to do it again,” according to Kim Fraczek, director of the Sane Energy Project, a renewable power advocacy group.
“Thanks to our intense pressure campaign, National Grid has second-guessed themselves and their original desire to jack up New Yorkers’ energy bills this year,” she said in a statement on Friday. “This is an immediate win, but do not be fooled — the company is likely sitting on its hands for the sake of their ally, Gov. Hochul, as her popularity craters during an election year.”
