LIPA: Expect a 4 percent increase to August bill

WOODBURY - Long Island Power Authority customers can expect an increase in their electric bill this month.

The utility company says its customers will see their bills rise by 4 percent. A LIPA spokesperson says the increase in its power supply charge averages out to a hike of about $5.71 per month for ratepayers.

"Our power supply charge exceeded projections in June because of double-digit increases in the market price of natural gas and the wholesale price of purchased power in the Northeast that resulted from hotter than normal weather during the month," LIPA said in a statement.

According to the U.S. Natural Gas Price Index, the cost of natural gas has generally declined since May.

LIPA's rate increase comes just one week after Gov. Andrew Cuomo signed legislation that overhauls LIPA and sets a three-year rate freeze as one of its goals.

advertisement | advertise on News 12

Top 5 Must See

Steven Romeo, of Southold, is charged with 1 Plea deal reached in fatal Cutchogue limo crash; truck driver avoids jail time
Detectives say the driver of a white Jeep 2 Police release pictures of SUV involved in parkway flasher incident
An Amtrak power problem in one of the 3 More headaches for LIRR riders after Amtrak power problem
President Donald Trump proposed dramatic cuts in the 4 Trump proposes dramatic tax cuts for companies big and small
The public hearing will be held at 6 5 Public hearing to be held on Heartland Town Square Project

advertisement | advertise on News 12

More News

Under the law, New Jersey-based utility PSEG Gov. Cuomo signs bill to overhaul LIPA

Gov. Andrew Cuomo today signed a bill to overhaul LIPA. Under the law, New Jersey-based

LIPA customers in the Town of Babylon are Power surge sparks outrage at LIPA in Babylon

LIPA customers in the Town of Babylon are angrily waiting on LIPA to step up

Municipalities have four months to decide whether to LIPA’s new deal may spike property taxes

The new deal to restructure LIPA may contribute to a spike in taxes. The deal

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