1. About PSEG Long Island
  2. Rates and Tariffs

10-Year Bill History

PSEG Long Island Average Monthly Bill Comparisons

A 10-year history of average electric bill information for customers who purchase their energy supply from PSEG Long Island is provided below. These estimates are calculated using the average cost of each bill component for the year.

PSEG Long Island Average Monthly Bill Calculation Notes
The applicable customer usage data is 600 kWh for residential customers, 12,600 kWh for small commercial and industrial customers, and 720,000 kWh for large commercial and industrial customers.

Bill amounts are averages of twelve-monthly bills for each year, based on the consumption level indicated on each chart.  Actual customer consumption and demand will vary.

The Delivery Charge reflects the cost of delivering electricity to customers.  Unlike the cost of power, these charges do not fluctuate with market conditions and are set by the Long Island Power Authority.  The Delivery Charge also include certain transition charges collected on behalf of the Utility Debt Securitization Authority and a daily service charge. This “Basic Service” charge is simply the very minimum cost to provide a 24/7 connection to the electric system.  

The Commodity Charge is the Power Supply Charge which is subject to fluctuations that occur in the energy marketplace. PSEG Long Island does not own power generation facilities. Therefore, as with all other electric utilities in New York State, PSEG Long Island purchases the power necessary to meet our customers’ needs, including an appropriate reserve margin. This cost is made up of both power purchased directly and the cost of fuel used to generate electricity. In addition to appearing on your bill, the current Power Supply Charge can be found at psegliny.com/rates.

Surcharges include taxes and other fees.  

What is CAGR? 
Compound Annual Growth Rate (CAGR) measures the annualized average percentage change in customer bills over time, smoothing out year-to-year volatility.  

How Do We Compare? 
Over the last decade, PSEG Long Island’s CAGR has consistently remained lower than neighboring electric utilities.  This highlights PSEG Long Island’s success in managing costs effectively to keep rates stable, and shielding customers from historic inflation and price spikes experienced elsewhere.