PSEG Long Island Announces June 2015 Power Supply Charge

PSEG Long Island today released the Power Supply Charge for June. Effective Monday, the Power Supply Charge will be...

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Long Island, NY - May 29, 2015 - PSEG Long Island today released the Power Supply Charge for June. Effective Monday, the Power Supply Charge will be 7.0455 cents per kilowatt hour (kWh), approximately 1.48 cents lower than the charge in effect one year ago in June 2014. For the average PSEG Long Island customer with a household consumption of 775 kWh a month, the Power Supply Charge portion of the bill will be $11.45 less than what was paid this month last year.

The return to summer levels was anticipated, as the Power Supply Charge for June is approximately 1.01 cents higher than the previous month. The increase, which results in the average customer’s Power Supply Charge portion of the their bill increasing $7.85, is attributable, in large part, to the projected gas prices for June being higher than both the projected and actual gas prices in May.

The monthly Power Supply Charge varies according to what it actually costs to purchase the electricity used by PSEG Long Island’s customers and is impacted by market prices and weather, among other factors. While there are months when the Power Supply Charge increases and other times when it decreases, on an annualized basis, the Power Supply Charge for PSEG Long Island’s customers, over the last two years, has been the least volatile among the major utilities in New York State.

“The largest factor in determining a customer’s bill is how much electric is used,” said Paul Napoli, PSEG Long Island’s vice president of Power Markets. “As the temperature rises this summer, usage increases and customers may experience higher electric bills. Customers can control their usage by participating in our energy efficiency programs and being conscientious of how they use energy.”

The following tips will help customers limit the impact of hot weather and better manage their usage:

  • Keep your house warmer than normal when you are away, and lower the thermostat setting to 78° F only when you are at home and need cooling.
  • Install a programmable thermostat.
  • Use fans to circulate cool air.
  • Set refrigerators and freezers to the most efficient temperatures. Recommended temperatures are 35-38° F for the fresh food compartment, and 0° F for freezers.
  • Run such appliances as clothes washers and dishwashers in the morning or late evening to avoid the peak demand hours of 2:00 to 8:00 p.m.
  • Seal holes and cracks around doors and windows. Eliminate air leaks around window air conditioners with foam insulation or weather-stripping.
  • Close blinds and draperies facing the sun to keep out the sun’s heat.
  • Turn off power sources. TVs, computers and other electronic devices draw power when they are in standby mode or turned off but still plugged in. Plug electronics into power strips and turn off the power switch when the items are not in use.
  • Use timers and motion detectors on indoor and outdoor lighting.
  • Replace old appliances with new energy efficient ENERGY STAR® appliances.
  • Install whole-house fans to bring in cooler night-time air that can pre-cool a house and reduce energy use in the daytime.

All PSEG Long Island customers are eligible to participate in programs to use less energy, which will help lower costs. Customers can take a quick online survey to see how much they can save by improving the energy efficiency of their home. For more information on efficiency programs and energy saving tips, visit PSEG Long Island.

Customers who want to ease fluctuations in monthly bill payment amounts may want to consider PSEG Long Island’s Balanced Billing program. The total annual cost for electricity will remain the same, but customers have the convenience of a more predictable bill amount that would be due each month. The average monthly amount is based on the customer’s past energy use.