ALBANY, N.Y.--National Grid has requested and received approval to defer upcoming increases in electricity supply prices.
The approval will help the New York residential and small business customers manage their energy costs during an unusually cold winter.
National Grid said that costs for electricity supply for Upstate New York have increased greatly over the past few months. They say this rise has encouraged the company to stabilize energy costs for customers.
"The significant increase in electricity supply costs has made the situation even more critical. We are pleased that the New York Public Service Commission reviewed and approved our emergency proposal quickly to help provide some immediate relief to our customers," said Ken Daly, National Grid president, New York.
National Grid is also encouraging customers to enroll in the budget billing program, which will spread high winter bills over the course of a year. There is no cost to enroll in this plan.
Upstate New York National Grid customers can call 1-800-642-4272 or visit http://www.nationalgridus.com for energy saving tips, rebates, and a list of qualified energy services companies.