PSEG Long Island to raise power supply charge by 14 percent

PSEG Long Island is ending the year with another hike to electric bills. The utility says it is raising its power supply charge by 14 percent in December. For the consumer, it means an average monthly

News 12 Staff

Dec 3, 2014, 2:23 AM

Updated 3,460 days ago

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PSEG Long Island to raise power supply charge by 14 percent
PSEG Long Island is ending the year with another hike to electric bills.
The utility says it is raising its power supply charge by 14 percent in December. For the consumer, it means an average monthly increase of about $10.50.
The power supply charge is based mostly on natural gas prices. Even though natural gas prices have been decreasing as of late, PSEG says it is projecting they will rise again.
Martin Melonian, a professor of economics at Hofstra, says it makes sense that the power supply charge fluxuates.
"The price of gas has risen seasonally. It normally does in winter, when factories, offices, and particularly homes use the natural gas for heating purposes," said Melonian.
A PSEG spokeswoman points out that the delivery charge has not gone up in two years. She says it will remain the same through 2015.


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