New York electric costs increase at nearly double the national average

subscribe

New York's electricity costs - long among the nation's highest - have risen at a pace nearly twice the national average in the past year, according to a state Business Council study released recently.

The cost of electricity in the state grew by about 12 percent from March 2006 to March 2007, the council's Public Policy Institute reported. New York manufacturers paid the 12th highest rates in the country and New York residential rates are now 62 percent above the national average, according to the report.

"It's because of coal," said council spokesman Matthew Maguire. "New York state compared to the nation relies very heavily on natural gas for generation and relatively little on coal. In recent years the price of coal has been relatively stable and the price of natural gas has been going up."

The report comes as Gov. Eliot Spitzer and the Legislature seek to reduce energy costs for businesses and to create a fast-track approval system for new power plants to increase supply. A major sticking point, however, remains coal. Senate Majority Leader Joseph Bruno is pushing for the use of what he calls "clean coal," a reference to new technology that results in less polluting emissions than traditional coal-burning power plants.

But Spitzer isn't sold on the newer technology, especially as he works to cut the emissions that contribute to global warming. He is pushing technology cleaner than even new coal processes.

Related News

pennsylvania power rates

Pennsylvania residents could see electricity prices rise as much as 50 percent this winter

PITTSBURG - Energy costs for electric customers are going up by as much as 50% across Pennsylvania next week, the latest manifestation of across-the-board energy price increases impacting gasoline, heating oil, propane, and natural gas.

Eight Pennsylvania electric utilities are set to increase their energy prices on Dec. 1, reflecting the higher cost to produce electricity. Peco Energy, which serves Philadelphia and its suburbs, will boost its energy charge by 6.4% on Dec. 1, from 6.6 cents per kilowatt hour to about 7 cents per kWh. Energy charges account for about half of a residential bill.

PPL Electric Utilities, the Allentown company…

READ MORE
power lines

National Grid warns of short supply of electricity over next few days

READ MORE

alberta breaks record for electricity consumption

Alberta breaks summer electricity record, still far short of capacity

READ MORE

chester-county-landfill-converts-methane-to-renewable-gas

Chester County Landfill Converts Methane to Renewable Gas

READ MORE

powerlines

Toronto Prepares for a Surge in Electricity Demand as City Continues to Grow

READ MORE