Use Energy Like Never Before
New Time-of-Day (TOD) Rate PlanIn 2024, PSEG Long Island will be modernizing the standard electric rate for residential customers with a new Time-of-Day Rate Plan. The TOD Rate Plan will help customers save money and support the clean energy transition of Long Island and the Rockaways. |
What is Time-of-Day?
The new TOD Rate Plan will give you more control over how much you pay for energy. TOD will let you take advantage of the hours of the day when energy costs less to produce. Just like riding the LIRR, you can save money by shifting some energy use to off-peak hours.
How Will the Time-of-Day Rate Plan Work?
On the TOD Rate Plan, you pay different rates for electricity based on the season (summer and non-summer) and time of day. Peak hours will be from 3 p.m. to 7 p.m. on weekdays. All other hours will be off-peak. Nights, weekends, and federal holidays are always off-peak. This means the TOD Rate Plan costs less than the 180 Flat Rate during 88% of the year.
You Have Options!
In 2024, we will begin moving residential accounts on the 180 Flat Rate to the new Time-of-Day Rate (with some exceptions). Before then, you will have options. You can:
- Voluntarily enroll in the Time-of-Day Rate.
- Voluntarily enroll in the Super Off-Peak Rate (with overnight hours discounted up to 40% off the Flat Rate.
- Stay on your current rate.