|NEW YORK – Con Edison customers can save money on their heating bills this winter by taking advantage of incentives to upgrade their heating systems to more energy efficient units before the cold arrives.
Click on the image for 100 tips to save energy.
The energy company will pay residential customers up to $1,000 for replacing equipment with new energy-efficient equipment. An upgrade over an older, less-efficient system can reduce heating costs by 30 percent. Go to our website for more information.
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Residential winter heating bills are expected to be about 7 percent higher than last year due mostly to higher natural gas prices than last year’s historically low prices. These historically low gas prices were due to the warmer-than-normal winter weather.
Con Edison does not control the price of natural gas, and Con Edison makes no profit on the gas it delivers to customers. Con Edison analyzes supply and demand forecasts and uses a variety of buying methods, including short-term and long-term contracts to get the best gas prices for its customers. Those prices are passed on to the customers at cost.
The average residential gas-heating bill from November 2016 to March 2017 is expected to be about $208 per month, up from $194 last year. That estimate is based on average monthly usage of 170 therms and assumes normal winter weather. Although bills are projected slightly higher than last year, they are 11 percent lower than the average of the past five years.
Customers can also save money on heat by using these tips this fall: