Kevin Vesey

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Dec 13, 2023, 10:22 PM

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Updated

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Get ready. Long Island electric rates are about to increase.

The LIPA board voted Wednesday to approve the 2024 budget, which includes a rate hike of 11.6%.

The average monthly bill is predicted to increase by $19.43, to $186.71.

The utility blames the rate increase on an anticipated hike in the cost of power and fuel in the new year.