The Long Island Power Authority (LIPA) invites all interested customers and other stakeholders to provide input on its rate modernization proposals for 2024. The new Time-of-Day (TOD) Rate and optional Super Off-Peak Rate will help customers save money and support the transition of Long Island and the Rockaways to clean, affordable energy.
With the new TOD Rate, customers will pay different rates for electricity based on when they use it. Electric rates are higher during weekdays from 3 p.m. to 7 p.m. (peak) but lower all other hours of the day and on weekends and holidays (off-peak). Rates are further discounted in the Super Off-Peak Rate during the hours from 10 p.m. to 6 a.m. Customers who try the new rates will receive a one-year Bill Protection Guarantee, resulting in a refund if they would have paid less on a flat rate. Customers will also still have the option to stay on a flat rate.
There will be two public hearings on Feb. 21, 2023, where customers can sign up to speak. LIPA will also accept written public comments until Feb. 27, 2023. Written comments can be submitted by emailing TODpubliccomments@lipower.org. The proposal is scheduled for consideration at the March 29, 2023 meeting of the LIPA Board of Trustees in Uniondale, New York. Consideration by the Board of rate and tariff changes are held in open session, and the public is always invited to attend and speak. For more information on how to attend and participate in public hearings and Board meetings, please visit lipower.org.