How will the electricity from this project impact ConEd rates?
The new units will produce electricity at lower cost than the existing turbines. However, relative to the total size of the New York City electric generation system, the South Pier Improvement Project is small. Therefore, the impact on the overall price is difficult to quantify and may not be noticeable on the average customer’s bill. For a city the size of New York it may take several higher efficiency projects such as this one to have a noticeable impact on electric rates.Back to FAQ