National Grid Seeks to Freeze Gas Delivery Rates Through 2028

National Grid is looking to give customers a break. The company has filed a proposal with the New York State Public Service Commission (PSC) to freeze gas delivery rates for nearly 2 million customers in New York City and on Long Island.

If approved, current delivery rates would stay in place for an extra year - through March 31, 2028 - offering added stability at a time when many households and businesses are feeling the strain of higher costs.

The move comes after a winter that drove record demand for natural gas, and it’s designed to help customers manage their energy bills while maintaining reliable service.

“With so many households and businesses across New York City and Long Island facing the pressures of inflation and a rising cost of living, we identified an opportunity to provide meaningful financial relief for our customers by freezing our gas delivery rates until 2028,” said Sally Librera, President of National Grid New York.

Beyond holding rates steady, the proposal would keep key customer programs in place. That includes energy efficiency efforts, affordability initiatives, multilingual support, and protections during extreme weather.

It would also continue investments tied to New York’s climate goals, including emissions reduction programs and support for disadvantaged communities.

The proposal is now under review by the PSC, which will determine next steps.