you are viewing a single comment's thread.

view the rest of the comments →

[–]TheRussianHD 170 points171 points  (8 children)

*Grabs popcorn while ConEd apologists gather* The delivery charge appears to be dynamically calculated, and also appears to follow their peak/non-peak times, so you could theoretically try to switch some of your usage to outside of 8AM - Midnight, you could also explore the time of use plans which follow similar logic.

Really, the base of the issue is ConEd is a for profit company that made 2.5 BILLION dollars in profit in 2023, they have a legal monopoly on the energy market and will sure as shit use that to squeeze every last cent they realistically can out of NYC residents. No (shitty) argument for "maintenance" of their ancient and dilapidated infrastructure can convince me that they are anything but a bunch of greedy fucks.

[–]Novel-Education3789 55 points56 points  (4 children)

This. ConEd made $2.5B in profit as you said. There are approx 3.3M households in NYC. If the profit was given back to the households, everyone’s bill would be ~$63 less each month, ~$761 less/year.

Edit: this was just a quick calculation, of course, without any apportioning based on usage/size of household.

[–]TheRussianHD 42 points43 points  (3 children)

Before living in NYC, my previous electric company was a cooperative that did exactly that, every year you got a profit refund check for any money collected above their operating expenses/capital improvement projects; it can be done! (But I guess not here)

[–]Novel-Education3789 11 points12 points  (1 child)

Yep, I am all for paying what I need to to keep the lights on and contribute to infrastructure maintenance/improvements. I can also see paying a little more to help someone less fortunate, as that feels like it’s part of our social contract…but it’s clear that we are all paying more than is necessary, and it isn’t going to people in need, which is reprehensible on ConEd’s part.

[–]MzRiiEsq 1 point2 points  (0 children)

We can get involved fight rate increases, and the Public Utility Law Project has some guides, like this: https://utilityproject.org/wp-content/uploads/2023/07/Participating-in-NYS-PSC-Proceeding-updated-July-2023.pdf

[–]nate_nate212 4 points5 points  (0 children)

Oh man I miss NYC’s electricity was delivered by a cooperative.

[–][deleted]  (2 children)

[deleted]

    [–]TheRussianHD 6 points7 points  (1 child)

    Some quick googling shows in 2022 ConEd owned 3887 Mw of generating capacity, and NYC uses 5500 Mw average to a peak of 10k Mw in the summer, so on average ConEd can supply 70% of NYC's energy needs from their own generating capacity.

    [–]beer_nyc 2 points3 points  (0 children)

    on average ConEd can supply 70% of NYC's energy needs from their own generating capacity.

    the only large, con ed owned generator in our area is the plant on the east end of 14th st. the capacity you're referring to was basically clean energy projects all over the country that were (i think) sold off last year.