Rate Information

Service, Rates, and Regulations

Current Electric Rates 

Find information regarding your electric service and current rates.

Power Supply Charges

 Date

Per kWh

Sept. 1, 2018  $0.105849
Aug. 1, 2018 $0.103324
Jul. 1, 2018  $0.099453
Jun 1, 2018 $0.103085
May 1, 2018  $0.093339
Apr. 1, 2018  $0.091294
Mar. 1, 2018  $0.102330
Feb. 1, 2018  $0.108826 
Jan. 1, 2018 $0.098950 
Dec. 1, 2017 $0.102832 
Nov. 1, 2017 $0.107328 
Oct. 1, 2017 $0.105742
Sept. 1, 2017 $0.107114

 

What is the monthly Power Supply Charge?

The Power Supply Charge recovers the cost of the electricity we buy from various electric power providers on behalf of our customers. The biggest part of the Power Supply Charge covers the cost of fuels (primarily natural gas) that we buy for use at Long Island power plants, which we do not own. The Power Supply Charge also includes the cost of power purchased by us from Independent Power Producers both on and off Long Island.

Why does the Power Supply Charge change every month?

Like all electric utilities, our fuel and electricity costs are affected by daily fluctuations in market energy prices. We summarize these daily changes in energy prices into a monthly Power Supply Charge that reflects the cost of purchasing electricity as closely as possible to our customer's monthly usage.

Is an increase or decrease in the monthly Power Supply Charge permanent?

No. The monthly charge will vary according to what it actually costs to purchase the electricity our customers use for the month. Market prices, weather, and other factors all contribute to month to month variations in what it costs to purchase electricity for a particular month. This means there will be months or periods when the Power Supply Charge increases and other times when it decreases.

What factors drive changes in the Power Supply Charge?

The single biggest driver of the month-to-month changes in the Power Supply Charge is the price of natural gas. Almost all of the electricity that we purchase under long term contract or in the spot markets is priced at the cost of natural gas. The second biggest driver is the balancing credit or surcharge based on actual customer usage and the associated actual cost of the electricity we purchased to meet that demand. This element of the Power Supply Charge ensures that customers will only pay for the actual costs we incur.

Interestingly, two factors that do not contribute to the monthly fluctuations in the Power Supply Charge are the cost of fuel oil and the cost of renewable energy. So little of our electricity comes from power plants burning fuel oil that changes to the price of petroleum have almost no impact on your cost. Changes in the price you pay at the pump have little to do with the price you pay to us, either upward or downward. In addition, the electricity that we purchase from renewable resources, and solar power in particular, stabilize the Power Supply Charge because the output from resources like solar panels is purchased at a fixed rate per kWh.

How does the monthly pricing of the Power Supply Charge benefit me?

Monthly pricing of the Power Supply Charge allows you to see the cost of electricity as you use it. And you'll be better able to plan and adjust how you use electricity based on its price. For example, if energy prices rise, you'll be in a better position to respond to it by taking steps to lower your electric usage through energy efficiency opportunities.

How does the Power Supply Charge affect my bill?

To see how the Power Supply Charge can affect your bill please click here.

Where can I find the Tariff for Electric Service?

Please click here for information on the Tariff for Electric Service.

How can I manage my monthly costs?

There are many ways for you to directly affect the amount of your bill beginning with using electricity more efficiently. It's that simple and it's easy to do. From changing the type of light bulbs you use, to upgrading your air conditioning, you have a lot of control. We are here to help you save energy and money and we offer rebates on a variety of energy efficiency improvements that can lower your bill. Find more information about ways to lower your energy usage and save money. We also offer Balanced Billing, which evens out the seasonal ups and downs in your costs to give you a stable bill throughout the year. It makes your electric bill predictable, like the rent or mortgage payment, to help you better manage all your expenses.

Service, Rates, and Regulations

Rate Plan

On December 16, 2015, the Board of Trustees of the Long Island Power Authority (LIPA), approved modest increases to the electric delivery rates for 2016-2018 to fund vital electric grid improvements.

The approval from the Board follows an extensive review of the original proposal and subsequent recommendations on the proposed rates by the New York State Department of Public Service (DPS), informational forums and public statement hearings, a technical conference, board meetings and evidentiary hearings.

PSEG Long Island worked collaboratively with LIPA, whose new financial policies will help reduce the impact of the rate increase on customers. These policies, which lower the utility's reliance on borrowing and reduce the cost of debt, combined with lower fuel costs and purchased power costs, have utility officials expecting lower bills, for most customers, in 2016 as compared to 2015.

For the average residential customer, that translates to a very modest monthly increase in the total bill of $0.65 a month in 2016, $3.33 a month in 2017 and $3.41 a month in 2018.

The investments that PSEG Long Island has made are paying off:

Tree-trimming

Tree-related power outages are down 60 percent in areas where the new program has been implemented. In 2015, PSEG Long Island trimmed and pruned trees along 2,000 miles of distribution and transmission electric lines to industry best-practice clearance standards. Learn more about our tree trimming program.

Reliability

99.9 percent overall system reliability as a direct result of targeted replacement of transmission and distribution infrastructure, adding new technology to streamline work management processes, and incorporating more renewable energy and demand-side resources onto the grid. Learn more about reliability.

Storm Response

Enhancing the storm response program allowed PSEG Long Island to restore power to the more than 82,000 customers that lost power in a severe summer storm in fewer than three days, all while staying in regular contact with customers and elected officials. Visit our Outage Center.

Customer Satisfaction

9 of 10 customers are satisfied after calling PSEG Long Island's call center, indicating that the new call center initiatives, the new mobile My Account features and the new MyAlerts system are all helping customers. Learn more about customer service.

Growing the Long Island economy

PSEG Long Island supports more than 900 local companies by purchasing more than $120 million in goods and services each year. Learn more about our Economic Development.

FAQ

Service, Rates, and Regulations

Revenue Decoupling

The Revenue Decoupling Adjustment (RDA) on your bill is not as intimidating as it sounds. Let us explain...

Revenue Decoupling is not unique to PSEG Long Island

Revenue Decoupling is used in many other states and has already been in use by every other major utility in New York State. The New York State Department of Public Service (DPS) recommended to LIPA that Revenue Decoupling be adopted here and it was approved by the LIPA Board of Trustees in 2015.

PSEG Long Island encourages you to use less of our product

Most companies collect revenue by getting you to buy as much of their products as they can. Every time you flip on your lights or the TV, you're buying our product - electricity. But one of our main goals is to help you use less electricity.

That creates an issue: selling less electricity creates less revenue. And without enough revenue, we would not be able to deliver reliable electric service and quality customer service for millions of people and thousands of companies from Queens to Montauk, 24 hours a day, 7 days a week.

The money that's required each year in order to provide our services to you is outlined in our annual budget. That budgeted revenue, which is authorized by LIPA, is then compared with the actual revenue collected from electric rates. The difference between actual revenues and budgeted revenues creates the Revenue Decoupling Adjustment.

Encouraging energy savings

By separating - or "decoupling" - rate revenue from the amount of energy used by customers, utility budgets are less dependent on selling energy. That removes a major obstacle that could otherwise stand in the way of supporting energy efficiency.

The RDA adjusts bills based on how actual revenue compares to budgeted revenue. Any excess revenue is refunded to customers as a credit adjustment. If revenue falls short, the RDA is a charge to ensure enough funds are available for us to continue to deliver reliable service.

The RDA does not increase our profits

PSEG Long Island earns money from a flat fee for managing the electric system. We do not earn even a penny from the RDA. Every dollar of revenue collected from electric rates is used to run the system and invest in reliability improvements.

You have the power to save

Rest assured that if the RDA is a charge, you still have an incentive to reduce your bill by using less electricity. Our responsibility is to provide programs and resources that make it easier for you to save energy and money. We encourage you to take advantage of these opportunities. Even simple changes in behavior like turning off the lights when you leave a room can save. Or explore our rebate programs that reduce the cost of energy efficient appliances and products.

FAQ

Service, Rates, and Regulations

Delivery Service Adjustment (DSA)

This line item on the bill, which can be a credit returned to you or a charge, creates a better way to account for unpredictable costs that are part of providing you with electric service. The goal is long-term electric rate stability.

PSEG Long Island's annual budget is based on what we anticipate it will cost to provide you with safe, reliable and resilient energy, along with all of our other services. The budget includes a certain amount for things like storm repairs to poles and wires.

The Delivery Service Adjustment (DSA) reconciles the difference between some of our budgeted expenses and the actual cost. When costs are less than expected, like when storms haven't been so bad, the DSA is a credit to refund money to customers. When the unexpected happens and costs exceed the projected budget, like when there's a really bad storm, the DSA is applied to the bill as a charge to recover those costs.

Storm repairs are just one unpredictable cost. There are also costs related to borrowing money for electric system improvements. These costs have always been part of your electric bill. The DSA provides a new level of transparency and a better way of accounting for those costs.

Less unpredictability creates greater financial stability - and that pays off, for example, with better interest rates on loans.

FAQ