O&R Invests $144M in Summer Reliability and the Clean Energy Future, Summer Bills Expected To Jump by 12%

To prepare for summer’s peak electricity demands, O&R has invested over $144 million this year to fortify and improve the reliability of its electric system and further support the development of new energy efficiency and clean energy projects.

That investment builds on the nearly $1 billion O&R has invested over the past 10 years on electric system maintenance and reliability projects.

O&R President and CEO Robert Sanchez said, “We work every day of the year to prepare O&R’s electric system to meet the high demand for electricity hot summer weather brings.” He added, “As part of that mission, O&R is helping the communities we serve meet their clean energy goals by leading the transition to a low carbon future.”

Summer Bills

The New York State Public Service Commission (NYSPSC) predicted earlier this month that electric bills across the state are expected to increase approximately 12% this summer in comparison to last summer but may vary depending on the customer’s location in the state. That increase is due to an increase in supply costs.

The typical O&R residential customer using an average of 600 kWh of electricity per month last summer saw, on average, a monthly electric bill, which consists of both electric supply and delivery costs, of $135.90. That monthly bill in the summer of 2022 is expected to be, on average, $153.23.

O&R provides its customers their electricity at the same rate the company secures from the wholesale market. O&R does not make a profit on supply costs.