ConEd customers burned by February bills

Another round of Consolidated Edison Inc. bills has burned New Yorkers for a second month in a row as inflation sits at its highest mark in 40 years. 

February's bills came as a shock to consumers who were already reeling from January's spike in energy costs. Many of those customers aired their frustrations on social media, mirroring the public outcry that erupted in January. 

However, ConEd argued that its hedging programs – which is a buying technique to smooth out market volatility – led to a significant drop in some bills depending upon when a customer's billing cycle ends. 

ConEd provides energy for roughly 10 million people who live in New York City and Westchester County. The company has about 3.5 million electric customers and 1.1 million natural gas customers.