Con Edison Gas Monthly Rate Adjustment
Con Edison has once again updated its Gas Cost Factor (GCF) for the month of June, as part of its ongoing monthly rate adjustment process approved by the New York Public Service Commission (PSC). The GCF directly impacts what customers pay for natural gas — reflecting the actual commodity cost Con Edison incurs to purchase and deliver gas to end users.
The June 2025 GCF shows a moderate decrease compared to May, driven primarily by stable weather conditions, strong domestic supply, and above-average storage inventories across the U.S. These fundamentals have kept wholesale natural gas prices near historic lows, resulting in more favorable summer billing conditions for customers.
The GCF is recalculated monthly to reflect real market costs. While this ensures pricing accuracy, it also means gas bills can fluctuate month-to-month depending on commodity price changes and demand patterns. Historically, the GCF tends to decrease in summer months as heating demand drops and system usage stabilizes.
Commercial and multifamily properties that purchase gas through Con Edison’s default service will see the June GCF adjustment reflected automatically in upcoming invoices. Properties purchasing gas through third-party Energy Service Companies (ESCOs) will continue to pay based on the terms of their contracted supply rate.
Aurora Energy Advisors continues to monitor utility rate filings and market conditions on behalf of our clients to help identify cost-saving opportunities and mitigate exposure to future price volatility.
Market Analysis
Natural Gas
NYMEX natural gas futures averaged around $2.20 per MMBtu in May, up slightly from April’s lows. Warmer temperatures and early cooling demand lifted near-term pricing modestly, though ample production and storage remain strong stabilizing forces.
Electricity
Electricity prices in NYISO Zone J trended higher in May as seasonal cooling load increased. Daily settlements averaged $0.04 to $0.05 per kWh, with occasional peaks during early heat waves. Supply conditions remain robust heading into summer.
Crude Oil
Crude oil futures traded between $78 and $82 per barrel throughout May. Market sentiment was shaped by steady OPEC+ output policy and expectations of higher summer travel demand.
💡 Mitchell’s Tip: Take advantage of lower summer gas costs — it’s a great time to review your annual energy budget and identify potential contract opportunities before next winter.
