2025-2028 three-year electric rate plan (Case 24-E-0322)
Multi-year rate plan · Electric
Typical residential bill (625 kWh/month)
- +$14.32/mostarting September 1, 2025 (+11.51%)Rate Year 1, Central region, total bill. West $14.29 (11.61%), East $14.47 (10.76%). Rates recover revenue back to May 1, 2025 under a make-whole provision.
- +$6.44/mothen from April 1, 2026 (+4.59%)Rate Year 2, Central region, total bill. $6.44 in all three illustrated regions; percent varies (West 4.70%, East 4.33%).
- +$4.34/mothen from April 1, 2027 (+2.94%)Rate Year 3, Central region, total bill. $4.34 in all three illustrated regions; percent varies (West 3.00%, East 2.83%).
Combined: +$25.10/mo
- Filed
- May 28, 2024
- Decided
- August 14, 2025
- Effective
- September 1, 2025
- Requested increase
- $509.6 million
- Approved increase
- $167.3 million
- Docket
- 24-E-0322
National Grid sought a $509.6 million electric delivery increase in May 2024. On Aug. 14, 2025 the PSC adopted a 3-year joint proposal at a 9.5% ROE, with levelized electric revenue increases of $167.3 million (year 1), $297.4 million (year 2) and $243.4 million (year 3). New rates began Sept. 1, 2025, with further steps on April 1, 2026 and April 1, 2027. Supply charges are separate.
Utility's stated reasons
- capital investment for safety and reliability
- operation and maintenance expenses
- depreciation and property taxes
Sources (3) · Verified against regulator or utility filings
- Order Adopting Terms of Joint Proposal and Establishing Rate Plans (Cases 24-E-0322 and 24-G-0323)New York State Public Service Commission · Regulator order · Aug 14, 2025 · accessed Sep 29, 2026
- PSC Dramatically Reduces National Grid's Rate Request (press release)New York State Public Service Commission · Government data · Aug 14, 2025 · accessed Sep 29, 2026
- National Grid rate hike approvedWAMC · News · Aug 14, 2025 · accessed Sep 29, 2026
Last verified Sep 29, 2026