Consolidated Edison Trading Volume Surges 50.19% to $707 Million Ranking 235th in Market

On April 4, 2025, Consolidated Edison (ED) saw a significant surge in trading volume, with a total turnover of $707 million, marking a 50.19% increase from the previous day. This substantial rise in trading activity placed Consolidated Edison at the 235th position in the day's stock market rankings.

Con Edison has proposed a substantial rate increase that, if approved, would result in an average monthly gas and energy bill that is $154 higher than it was just five years ago. This proposal has sparked considerable debate and concern among consumers and policymakers alike.

In response to the proposed rate hike, the NY HEAT Act has been introduced to limit the amount households are forced to pay for energy, aiming to alleviate the financial burden caused by such increases. This legislative effort reflects the growing frustration among New Yorkers over rising utility bills.

Consolidated Edison's Relative Strength (RS) Rating was upgraded from 90 to 93, indicating a positive shift in the company's market performance and investor sentiment. This upgrade suggests that the company is gaining traction in the eyes of analysts and investors.

Public hearings have been scheduled to allow residents to voice their opinions on the proposed rate increases. These hearings, set for April 8, 2025, at 1:00 PM and 5:30 PM, provide a platform for community members to express their concerns and advocate for more affordable energy solutions.

New York's Public Service Commission has approved changes to the effective billing cycle for ConEd supply rate changes, reflecting ongoing regulatory efforts to manage the impact of rate adjustments on consumers. This approval is part of a broader effort to ensure transparency and fairness in utility pricing.