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Trump, Mayor-Elect Demand Lower Energy Rates Amid Increases

11/28/2025

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Summary

Story summary

U.S. President Donald Trump and Zohran Mamdani, the mayor-elect, pressed Consolidated Edison (Con Ed) for lower rates at a recent meeting.
Con Ed approved rate increases starting in 2026.
Electric rates rise 3.5% in 2026, about $4 more monthly.
Gas rates rise 4.4% in 2026, about $10.67 more monthly.
Advocates say infrastructure costs unfairly pass to consumers, and 30% of New Yorkers cannot afford energy bills.

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Story summary

U.S. President Donald Trump and Zohran Mamdani, the mayor-elect, pressed Consolidated Edison (Con Ed) for lower rates at a recent meeting.
Con Ed approved rate increases starting in 2026.
Electric rates rise 3.5% in 2026, about $4 more monthly.
Gas rates rise 4.4% in 2026, about $10.67 more monthly.
Advocates say infrastructure costs unfairly pass to consumers, and 30% of New Yorkers cannot afford energy bills.