National Grid Commits $17 Million in Philanthropic Funds to Help Customers and Communities Navigate Increasing Winter Energy Prices

Rhea-AI Summary

National Grid commits $17 million in funding to support local non-profits in Massachusetts and New York, aimed at assisting customers affected by rising winter energy prices amid the global energy crisis and inflation. The funding will be distributed through community partners to provide immediate relief to vulnerable populations. Additionally, National Grid has launched the Winter Customer Savings Initiative, offering programs to help customers reduce energy use and manage costs effectively. The company's efforts reflect its commitment to community welfare and energy efficiency.

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• Commitment of $17 million for community support to assist customers with rising energy prices.
• Launch of the Winter Customer Savings Initiative to help customers manage energy usage and reduce bills.

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National Grid will support local non-profits and charitable organizations in Massachusetts and New York to assist the most impacted customers and communities

WALTHAM, Mass. and BROOKLYN, N.Y., Oct. 13, 2022 /PRNewswire/ -- To help customers who need financial assistance, as winter energy prices are expected to rise significantly due to the global energy crisis and inflation, National Grid is committing $17 million in philanthropic funding. These funds are in addition to annual local community and philanthropic support. The funds will be distributed through National Grid and the National Grid Foundation to existing networks and community partners across Massachusetts and New York that are set up to help individuals, families and communities who need it most.

"Our customers are dealing with the impact of increasing prices across the board," said Helen Burt, Chief Customer Officer, National Grid. "We know we can't solve this problem by ourselves, but we want to do our part to help. These additional funds will go directly where they are needed most so that our local community partners can quickly provide relief for those in need as they navigate the months ahead."

Helping Customers Manage Their Energy Usage and Save on Their Bills

National Grid does not control energy prices – it buys energy from the wholesale market and passes it directly on to customers at the same price with no markup or profit. But the company understands the impact of energy supply price increases on customers and communities, especially when the costs for other goods and services are also going up and is committed to playing its part to help.

That's why National Grid has launched the Winter Customer Savings Initiative to help customers reduce their energy use and save money, better manage their bills, and secure available energy assistance.

The initiative includes numerous payment assistance programs for income-eligible customers, extensive residential and business energy efficiency programs and incentives, low-cost and no-cost bill management solutions, and flexible payment programs.

To find out more and see what programs might be right for you, your family or your business, visit ngrid.com/heretohelp.

About National Grid Foundation

The National Grid Foundation is an independent, non-profit, charitable organization, that was founded more than two decades ago. The Foundation is dedicated to enhancing the quality of life, economic strength and environmental stewardship across National Grid's service territory. Since it began in December 1998, the Foundation has provided more than $27 million in grants to hundreds of organizations.

About National Grid

National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

For more information, please visit our website, follow us on Twitter, watch us on YouTube, like us on Facebook and find our photos on Instagram

View original content:https://www.prnewswire.com/news-releases/national-grid-commits-17-million-in-philanthropic-funds-to-help-customers-and-communities-navigate-increasing-winter-energy-prices-301648060.html

SOURCE National Grid

FAQ

What is National Grid's recent funding commitment for Massachusetts and New York?

National Grid has committed $17 million to support local non-profits in Massachusetts and New York to assist customers facing rising winter energy prices.

When was the funding announcement made by National Grid?

The funding announcement was made on October 13, 2022.

What programs are included in the Winter Customer Savings Initiative?

The initiative includes payment assistance programs, energy efficiency incentives, and flexible payment solutions for eligible customers.

What challenges do National Grid customers face this winter?

Customers are expected to face increased energy prices due to the global energy crisis and inflation.

How has National Grid historically supported local communities?

Since its inception in December 1998, the National Grid Foundation has provided over $27 million in grants to various organizations.