NY’s insane climate law is getting costlier and costlier to ratepayers

Utility giant National Grid’s request for whopping double-digit electric and gas rate hikes upstate is another reminder of the grim impact of the state’s “transformative” Climate Leadership and Community Protection Act, pushed into law by then-Gov. Andrew Cuomo in 2019.

This latest round — the highest increases the utility has proposed in some 35 years — comes atop warnings of looming blackouts this summer.

Last May, National Grid proposed a hefty 17% hike for Big Apple customers while blaming the state’s climate targets and inflation. While regulators ponder that ask, the utility now seeks to up upstate electric and gas prices, 15% and 20%, respectively.

In all, National Grid and the state’s other utilities last year sought over a billion dollars in rate hikes to fund state-mandated “climate” upgrades.

The politicians will no doubt stretch out the increases to reduce sticker shock, but the math means your already-insane bills are headed up, up, up.

And the climate law puts no limit on what residents can be forced to pay to achieve its targets.