National Grid officials are warning New Yorkers that home heating costs will likely be higher this winter, while also urging residents to take advantage of available assistance and energy-saving …
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National Grid officials are warning New Yorkers that home heating costs will likely be higher this winter, while also urging residents to take advantage of available assistance and energy-saving programs.
Officials say based on forecasts available at the end of September and assuming typical winter weather conditions, Northern New York families should expect to see a three to five percent increase in the cost of electricity.
That equates to $22-39 for the five-month period, officials say.
As for customers using natural gas, costs should remain relatively flat by comparison when considering typical winter weather conditions and the average use of 713 therms for a household.
National Grid officials say the average natural gas customer should pay around $9 less for the season from Nov. 1, 2026 through March 31, 2027.
"Expected changes in winter bills are driven largely by projected natural gas and electric supply costs and market conditions. Winter bill forecasts are estimates based on market information available at the end of September and assume normal winter weather. Individual bills will vary depending on temperatures, household energy use, and changing market conditions throughout the heating season," they said.
Wholesale market conditions can also drive costs up and down, another factor National Grid addressed.
"Energy supply prices are determined by wholesale market conditions. National Grid does not produce natural gas, set wholesale prices, or profit from supply charges; the company passes those costs directly to customers without markup," they said.
To help reduce price volatility, National Grid stores natural gas and secures a portion of its supply at fixed prices in advance, officials said.
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