The utilities have not increased the costs. Rather, natural gas is a commodity and in this frigid winter, the wholesale price of natural gas has hit record levels.
The unusually cold temperatures means some Con Ed customers are paying an average of 15 to 20 percent more this year than last to heat their homes and keep the lights on.
The polar vortex is behind the jump in costs. The frigid temperatures have pumped up the price of natural gas that’s used to fuel power plants on Long Island, so those costs are being passed along to PSEG electric customers.
Homeowners who use natural gas and electricity will see higher heating bills because they’ll use more fuel. But prices won’t rise dramatically because utilities buy only a small portion of the fuel at the elevated prices.
When trying to determine what is best for the environment, there are several options we are faced with. Here are some helpful and simple pointers to lead a greener lifestyle.
The New York State Assembly voted Wednesday to suspend until 2015 any action on allowing gas drilling using fracking.
Gas prices have risen at the beginning of each year since the economic collapse – and 2013 is no exception, according to recent data.
A poll suggests New York voter sentiment has shifted from support of shale gas drilling to opposition by a narrow margin.
North Hudson Regional Fire Deputy Chief Charles Thomas says more than 100 firefighters are battling a fire at the Roc Harbour housing complex in North Bergen.
Oil analyst Tom Kloza said that, on balance, we’ll see better prices next year, but the days of $1.39 a gallon gas are gone.
Power and natural gas supplier National Grid has been hit with another lawsuit, this time by its own workers who said they never received overtime pay for extra hours during Superstorm Sandy, according to a published report.
Residents in the Orange County town of Minisink have been fighting hard to stop the construction of a natural gas compressor station.
A bill passed the Assembly Environment Committee that would limit the treatment, disposal, and storage of the waste water from the controversial procedure, WCBS 880′s Levon Putney.
New York City Mayor Michael Bloomberg said that now is the perfect time for buildings to convert to cleaner heating fuels and the city wants to help them do it, WCBS 880′s Rich Lamb reported.
New York is considering allowing hydraulic fracturing in the Catskills. “Fracking” is a controversial method of drilling for natural gas beneath shale rock.