Consent of Independent Accountants


We hereby consent to the incorporation by reference of our report
dated February 27, 1996, appearing on page 71 of this Annual
Report on Form 10-K in (i) the Prospectus constituting part of
the Registration Statement on Form S-8 (No. 33-15725) relating to
The Consolidated Edison Discount Stock Purchase Plan, (ii) the
Prospectus constituting part of the Registration Statement on
Form S-3 (No. 33-64657) relating to $540 million principal amount
of the Company's unsecured debt securities, and (iii) the
Prospectus, dated March 14, 1996, and the Prospectus, dated
November 23, 1993, as amended by the Prospectus Supplement, dated
March 14, 1996 constituting part of the Registration Statement on
Form S-3 (No. 333-01717) relating to the Company's Automatic
Dividend Reinvestment and Cash Payment Plan.




PRICE WATERHOUSE LLP

Price Waterhouse LLP
New York, New York
March 26, 1996