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. Cited from News 12 Long Island.
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