National Fuel Customers in New York Face Third Rate Hike Starting October

National Fuel customers in New York will see an increase in their monthly bills starting October. The hike is tied to the last delivery-rate adjustment approved for 2024, but lower natural gas supply costs should offset part of the effect.

This marks the third and final rate hike from the 2024-approved increase, according to WGRZ. National Fuel says lower natural gas supply costs will lessen the impact, and no further delivery rate increases are expected for the next two years.

The higher bills come as U.S. heating costs are projected to rise nearly 9% this upcoming winter, driven mainly by higher electricity and heating oil prices. Households may pay roughly $82 more than they did last winter, WGRZ reported.