trending Market Intelligence /marketintelligence/en/news-insights/trending/bVIiUJ5G5ws7zbLAlMm51Q2 content esgSubNav
In This List

PSEG Long Island reduces power supply charge

Blog

Japan M&A By the Numbers: Q4 2023

Video

See the Big Picture: Energy Transition in 2024

Podcast

IR in Focus | Episode 10: Capital Markets Outlook

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook


PSEG Long Island reduces power supply charge

PSEG Long Island LLC will institute a power supply charge of 9.2192 cents per kWh for February, marking a decline from January.

The Public Service Enterprise Group Inc. subsidiary, which operates the transmission and distribution grid for the Long Island Power Authority, said in a Jan. 31 news release that customers consuming 762 kWh per month will see a decrease of $12.10 in their February electric bill.

The lower rates are attributed to warmer than normal weather in January. "This resulted in reduced demand and lower prices in January for the natural gas used to generate electricity and purchased power. Additionally, the projected price of natural gas for February is lower," said Paul Napoli, PSEG Long Island's vice president of power markets.