Rates



Rate Setting Process

The LIPA Reform Act (LRA) provides a statutory framework for Long Island Power Authority (LIPA) and its service provider’s rate-setting process and for oversight to be exercised by the Department of Public Service (Department or DPS). In accordance with the LRA, the DPS will review and make recommendations to the LIPA Board of Trustees (BOT) with respect to rates and charges to be established by LIPA. The purpose of the DPS review is to make recommendations designed to ensure that LIPA and PSEG LI provide safe and adequate electric service at the lowest rates consistent with sound fiscal operating practices.

To learn more about the rate setting process, download the Setting Electric Rates Fact Sheet (PDF).

Schedule
  • The DPS review of the PSEG Long Island Three-Year Rate Proposal was initiated on January 30, 2015. At the conclusion of the statutory eight month process DPS made recommendations to the LIPA Board of Trustees with respect to rates and charges to be established by PSEG Long Island and become applicable on or after January 1, 2016. Visit our Matter Number 15-00262: Long Island Power Authority and PSEG Long Island Three-Year Rate Plan for 2016-2018 page to read more.
    • DPS will review future requests for rate increases of 2.5 percent or more. DPS-LI will also review smaller rate requests at the request of LIPA or PSEG LI.

    LIPA’s Tariff and Regulatory Filings

    Browse through LIPA's tariff and regulatory filings for Electric Service by visiting http://lipower.org/papers/tariff.html. [External link]

    Your Electric Bill

    Understanding your bill is an important aspect of being an electric customer. PSEG Long Island follows New York State regulations that stipulate what must be on a customer’s utility bill to recover the cost of a customer’s electric service. Your bill contains details about how much electricity you’ve used and the different costs involved in providing it to you.

    In general, your electric bill is comprised of two major components:
      • Delivery and System Charges: Delivery and System charges comprise the cost to deliver the electricity through the utility’s distribution system to your home; to maintain the network; and for administrative services.
      • Power Supply Charges: Power Supply Charges are the costs associated with the purchase of fuel that is used to produce electricity, and for the purchase of power.
    PSEG LI does not make a profit on power supply charges. PSEG LI buys supply of electricity from a variety of sources, and the power supply prices are not set by the DPS, PSEG LI or LIPA. Supply prices are set by the market, and are based on supply and demand.

    Information about your electric bill can also be found on the PSEG Long Island website at https://www.psegliny.com/page.cfm/Account/MyBill [External Link] or you may visit one of their walk-in customer centers or contact them at 800-490-0025.

    A list of PSEG Long Island Customer Service Centers can be found at https://www.psegliny.com/page.cfm/Account/Payment/CustomerServiceCenters (External Link)