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What happens if in a couple of months, the cost of fuel, like oil and gas, rises or falls? Will the Power Supply Charge be increased or decreased accordingly?

April 26, 2017COST Couple falls FUEL Gas happens months Oil power rises

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What happens if in a couple of months, the cost of fuel, like oil and gas, rises or falls? Will the Power Supply Charge be increased or decreased accordingly?

2 Answers

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It is LIPAs policy to estimate its fuel and purchased power costs for the entire year, and set the Power Supply Charge at a level to meet those costs over the coming 12 months.

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Starting this year, LIPA will be monitoring and adjusting the power supply charge each quarter. We will track performance and associated customer reaction which will allow us to more closely monitor changes in power supply costs and pass those savings or increases along to customers.