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Our clients adapt and transform, and together we achieve enduring results. Our diverse teams of experts combine innovative thinking and breakthrough use of technologies to progress further, faster. As strategies, technologies and innovation collide, we create opportunity from complexity. We believe in the power of ingenuity to build a positive human future in a technology-driven world. For energy efficiency information, visit /energyefficiency. For financial, operations and customer service information, visit. The utility delivers electricity, natural gas and steam to 3.5 million customers in New York City and Westchester County, N.Y. , one of the nation's largest investor-owned energy companies, with approximately $12 billion in annual revenues and $63 billion in assets.

The selection of provisional recipients is based primarily on system reliability statistics that measure the frequency and duration of customer outages.Īfter provisional recipients are selected, each company undergoes an on-site certification process that provides an independent review and confirmation of the policies, processes and systems used to collect, analyze and report a company's reliability results.Ĭon Edison is a subsidiary of Consolidated Edison, Inc. There are eight metropolitan service regional awards: Northeast, Mid-Atlantic, Midwest, Plains, Mountains, West, Southeast, and Southwest. "We are pleased to name Con Edison as an industry leader for delivering outstanding service and restoration efforts while balancing customer needs and optimizing investments." "For 21 years, the ReliabilityOne® Awards have highlighted outstanding electric utility providers who are focused on resiliently building a more positive future for their customers," said Gregg Edeson, PA Consulting's ReliabilityOne® program director. "It is gratifying to know that we continue to provide stellar service while also leading the transition to renewables and other technologies that will ensure a clean energy future." Parisi, Con Edison's vice president, Engineering and Planning. Price fluctuates with the daily price of oil"These awards are a tribute to all the women and men of Con Edison who dedicate themselves to providing our customers with the safe, reliable service they deserve," said Steven J.What’s more, you’ll even receive 3% annual interest for any credit balance you carry. We will evaluate your account during the heating season and make adjustments if necessary. You can rest assured knowing the amount you will pay each month, but your oil rate will fluctuate with the market. With our Budget Retail Plan we will take an estimation of your fuel usage and compute your monthly payment based on the expected average price per gallon. The hedging fee we require for the capped price program passes only a portion of these costs to you. Unfortunately, there is a cost for this service, and our hedging fees are applied to these charges. We get that protection through a combination of Futures and Options Contracts, bought on the commodities market. The hedging fee is our cost to ensure the future maximum price while retaining the opportunity to pay a lower price should the market price drop. To offer you a capped price, we have to pay a premium, much like insurance, in order to protect you if the market rises or if the market drops, allowing your price to never go above the capped price, but to go lower if the market does.

Many of you have asked, “What is a hedging fee, and why do I have to pay it?” When we offer our customers the protection of a capped price, we also charge what is known as a hedging fee. Customers must be on automatic delivery to be eligible for this program. *Payments are due by the tenth of each month. Earn 3% annual interest for credit balances.Enjoy automatic delivery all year long.Your service contract payments may be included in your budget payments.Plus, it protects you against rising prices but will adjust down if the market price drops. We take an estimate of your annual usage based on the size of your house or your delivery history and divide it into equal monthly payments. With our Capped Price Budget Plan you can rest assured knowing the amount you will pay each month.