ALBANY, N.Y. (WHCU) — Gas and electric rates at NYSEG will increase. 

New York’s Public Service Commission approved the energy company’s proposed rate hikes on Thursday but reduced their initial request.

In their decision, the Public Service Commission wrote the following: “On a total electric bill basis, the results for NYSEG yield 6.6 percent, 7.3 percent, and 8.2 percent increases in each of the rate years, respectively. In addition, the Commission approved a levelized a gas rate increase of $11.7 million, $12.4 million, and $12.9 million, for each of the respective rate years. On a total NYSEG gas bill basis, the results yield 2 percent, 2 percent, and 2.1 percent increases in each of the rate years, respectively.”

The PSC reduced NYSEG’s original request by nearly 231 million dollars. 

To read the PSC’s decision, click here.