What happened
New York residents are facing significant increases in energy costs, with electric rates expected to continue climbing and home-heating oil prices set to surge by 70% this winter.
The average residential electricity price in New York rose by $270, or 14%, in July compared to the same period last year, nearly triple the national year-over-year increase. Meanwhile, the state Energy Research and Development Authority reports that heating-oil costs will increase from $3.72 to $6.27 per gallon.
These price hikes have been criticized as a result of Governor Kathy Hochul's climate agenda, which has led to the closure of fossil-fuel and nuclear plants and the blocking of pipelines. The governor's $1 billion
