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. This is the seventh raise since PSEG has been in power on Long Island!!
The power supply charge is based mostly on natural gas prices. Even though natural gas prices have been decreasing, PSEG says it is projecting they will rise again. citied from (News 12 Long Island)
This is going to be a common occurrence with PSEG because they are a “for profit” company that are losing customers daily to Solar. If this is what they did in their first year what will it look like in their 5th? The rebates are here and so is the phenomenal loan opportunity that we offer. 3.49% interest rate for a up to a 15 year term from NYSERDA . One of the rules of the loan is that your payments have to be less then your average electric bill! There is literally no way to go wrong with this and the average loan is paid off in the 6th year by paying no more then your current electric bill. Make the smart choice for the future of Long Island!!
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