Decoupling rate to increase for PSEG LI customers

Beginning in September, PSEG Long Island is raising its decoupling rate fee from $1.69 a month to $4.30 a month for the average customer. The

For the average electric customer, the increase is about $4.30 a month, up from its current $1.69.

For the average electric customer, the increase is about $4.30 a month, up from its current $1.69. (7/20/16)

WOODBURY - Beginning in September, PSEG Long Island is raising its decoupling rate fee from $1.69 a month to $4.30 a month for the average customer.

The 154 percent increase in the decoupling rate is due to recent moderate weather and the increased use of green energy initiative, which reduced customer usage.

"What revenue decoupling does, is it separates revenues which are set by the state Department of Public Service from energy sales," explains PSEG LI spokesman Jeffrey Weir. "It allows for us to continuously support and invest in conservation programs and energy-efficiency programs for our customers."

Weir says the fee allows the utility to recoup expenses when revenue falls short of projections. He says customer bills have fallen 24 percent since 2014.

PSEG LI says the decoupling charge is only used to pay its costs and doesn't increase its profits.

 

advertisement | advertise on News 12

Top 5 Must See

Police are searching for the driver involved in 1 Brentwood man killed in hit-and-run crash
When the new Nassau Coliseum opens its doors 2 New Coliseum to pay tribute to military, 9/11 victims
The Feds are reportedly looking to cut a 3 Feds seek reduced sentence for LI al-Qaida informant
A Long Island Railroad train struck a car 4 LIRR trains strikes car on tracks in Patchogue
The Suffolk County Police Department added new members 5 Suffolk PD welcomes first double amputee to force

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE