LIPA board approves 2024 budget with 11.6% rate hike

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

Kevin Vesey

Dec 14, 2023, 3:22 AM

Updated 221 days ago

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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.


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