What happened as a result to the formation of commission gas and electricity in state New York?

The Public Service Commission (PSC) in New York State was established in 1907 as a result of the public outcry over high gas and electricity prices. The PSC is an independent state agency that regulates the rates, safety, and reliability of gas, electricity, and water utilities in New York State.

The PSC's Role in Regulating Gas and Electricity Prices

The PSC has the authority to set rates for gas and electricity utilities in New York State. The PSC sets rates based on a number of factors, including the utility's cost of providing service, the utility's return on investment, and the impact of rates on consumers.

The PSC also has the authority to investigate complaints about gas and electricity service. If the PSC finds that a utility is not providing adequate service, it can order the utility to take corrective action.

The PSC's Impact on Gas and Electricity Prices

The PSC has played a significant role in keeping gas and electricity prices in New York State relatively low. In 2018, the average residential electricity price in New York State was 18.4 cents per kilowatt-hour (kWh), which was lower than the national average of 20.9 cents per kWh. The average residential natural gas price in New York State was $1.16 per therm, which was also lower than the national average of $1.29 per therm.

The PSC has also helped to improve the reliability of gas and electricity service in New York State. In 2017, the average number of power outages in New York State was 10.6 per customer, which was lower than the national average of 12.3 per customer.

Conclusion

The Public Service Commission has been a valuable asset to New York State consumers. The PSC has helped to keep gas and electricity prices low, while also improving the reliability of gas and electricity service.