NY reviews higher energy costs after deregulation

Published October 18, 2012 10:03pm ET



ALBANY, N.Y. (AP) — Many New Yorkers who took advantage of initial discounts in aggressive campaigns by independent, retail energy providers are actually paying more for electricity and natural gas than if they stayed with the major utilities, according to the state Public Service Commission.

On Thursday the PSC decided to review the operation of more than 100 retailers that arose from deregulation of the utility industry in New York in the late 1990s, which promised lower rates through competition. The retailers supply gas and electricity over the lines of traditional utilities, including National Grid, New York State Electric and Gas Co. and Consolidated Edison.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.