New York Governor Kathy Hochul announced a USD200m energy bill credit program, managed by large electric and gas utilities, to assist over 8 million customers, as reported by Reuters on February 15. The program, proposed by the Energy Affordability Policy working group, will allocate funds through one-time credits within 45 days of receiving the budget. It aims to address energy affordability and provides assistance for managing energy needs for homeowners, renters, and businesses. Hochul emphasized the state’s commitment to reducing costs and mentioned previous federal funding to strengthen electric infrastructure against extreme weather and natural disasters.

Sources:

https://www.reuters.com/business/energy/new-york-governor-unveils-200-million-energy-bill-relief-program-2024-02-15/