Uber caps its blizzard surge pricing in New York

(Image credit: Andrew Burton/Getty Images)

Uber announced Monday that it would cap its surge prices in New York for this week's blizzard.

"Due to the State of Emergency declared in New York City, prices will not exceed 2.8x the normal fare," Uber said in an email. "Anytime a disaster or state of emergency strikes, dynamic pricing is capped, and all Uber proceeds will be donated to the American Red Cross to support relief efforts."

Ridesharing service Lyft is also capping its surge prices for the storm at twice the price of a normal fare. Both companies increase their fares with demand-based pricing during emergencies or holidays such as New Year's, in which there aren't enough cars to handle requests.