With the particularly cold winter we’re experiencing, PSEG Long Island would like to remind customers of the various ways – from Balanced Billing to a comprehensive home energy assessment – that customers can manage costs ...
Uniondale, NY - February 3rd, 2014 - With the particularly cold winter we’re experiencing, PSEG Long Island would like to remind customers of the various ways – from Balanced Billing to a comprehensive home energy assessment – that customers can manage costs and energy usage.
Your electric bill is made up of two components: the Delivery Charge, which we, in keeping with Governor Cuomo’s commitment, agreed to keep at current levels through 2015; and the Power Supply Charge, which reflects the actual invoices for the purchase—on the open market—of the power and fuels used to generate the electricity. That charge varies month-to-month based on usage and the price of fuel.
Most electricity on Long Island and the Rockaways is produced using natural gas. Because it’s also a heating fuel, natural gas is in even higher demand during a cold winter. As with most commodity products, the prices are determined by the market and increased demand can lead to higher prices for power supply, resulting in an increase in the Power Supply Charge portion of customer bills.
PSEG Long Island’s typical electric customer’s bill (who we assume will use 775 kilowatt hours each month) is due to increase by $5.29 (6.3 percent) between January and February, for a monthly bill of $89.85. In some parts of New York State, the total bill increases had been projected to increase by as much as 27 percent.
What can you do to lower your bill?
The good news is there are things you can do to control your energy costs. If you haven’t done so already, sign up for the PSEG Long Island Balanced Billing Plan. With this program, customers can spread electricity costs over 12 months to ease the impact of volatile fuel prices. PSEG Long Island offers additional programs to help you use less energy and lower your costs, including:
In-Home Energy Assessments
A Comprehensive Home Assessment is the first step towards improving a home's efficiency and reducing up to 20% on monthly energy bills.
Online Home Energy Profile
Take a quick online survey to see how much you can save by improving the energy efficiency of your home.
Rebates and Incentives
PSEG Long Island offers our customers various rebates and other incentives on energy saving appliances and products.
For more information on efficiency programs and energy saving tips, visit PSEG Long Island at www.psegliny.com.
About PSEG Long Island LLC
PSEG Long Island LLC was selected by the Long Island Power Authority (LIPA) in Dec. 2011 to manage LIPA’s electric system. The 12-year contract includes commitments to improve customer satisfaction and provide safe, reliable service for LIPA customers. PSEG Long Island is a subsidiary of Public Service Enterprise Group Incorporated (NYSE:PEG), a publicly traded diversified energy company with annual revenues of more than $10 billion.