Electric Rate Discounts for Growing Companies

Supporting the Business Community

Let us help your business work on Long Island. Find out about programs that can save you money and help you grow your business.

At PSEG Long Island, we believe in investing in the community. Our economic development programs have:

  • Kept over 2,500 jobs from leaving Long Island, and
  • Created over 1,000 new jobs.

Our energy efficiency programs have helped over 4,000 businesses stay competitive by saving energy and reducing overhead costs. Plus, PSEG Long Island has helped support over 900 local companies by purchasing over $120 million in goods and services from them.

We also offer electric rate discounts to customers in certain categories, including:

Business Attraction/Expansion Rate Discounts

For non-retail customers that significantly expand their Long Island operations or move their businesses to Long Island, and that meet or exceed increased electric load or job creation/retention guidelines.

Who is eligible?

  1. New, non-retail customers who achieve 145 KW. Discount applied to entire load.
  2. Existing, non-retail customers who increase their load by 100 KW or increase employment by 20% over minimum 50-employee base level. Discount are applied to incremental load.

Discount on energy-delivery portion of the bill for eligible load:

  • Year 1 - 100%
  • Year 2 - 80%
  • Year 3 - 60%
  • Year 4 - 40%
  • Year 5 - 20%

Business Incubator Rate Discounts

For start-up business that graduated from a New York State-sponsored incubator program and are now located outside the incubator facility.

Business must have a 7 KW minimum load. The discount applied to entire load.

Discount on energy-delivery portion of the bill for eligible load:

  • Year 1 - 100%
  • Year 2 - 80%
  • Year 3 - 60%
  • Year 4 - 40%
  • Year 5 - 20%

Load-Shifting Option Discount

New program participants can permanently lower their electric rates by shifting their electric use away from our most critical load period—summer weekdays between 3:00 p.m. and 10:00 p.m.


New York State Excelsior Jobs Program

PSEG Long Island provides electric rate discounts to Excelsior-certified business customers, including firms in targeted industries such as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture, and manufacturing.

Who is eligible?

  1. A new customer that moves into the PSEG Long Island service territory with electric load of 7 KW or higher and is certified by New York State (NYS) Empire State Development in the NYS Excelsior Jobs Program, or
  2. An existing customer that increases its electric load to at least 7 KW by adding 25% or 50 KW (whichever is less), and is certified by NYS Empire State Development in the NYS Excelsior Jobs Program. Discount applied to incremental load.

Discount on eligible load includes:

  • Zero demand charges
  • Flat energy delivery charge

Discount term is up to 10 years based on maintaining annual certification by Empire State Development.


Recharge New York

A New York Power Authority program that provides lower-cost hydro power to qualified businesses that retain and create jobs.