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LIPA raises electric rates for 2nd time in 2 months

September 4, 2013 4:49:59 AM PDT
It's proving to be an expensive summer for Long Island Power Authority customers.

LIPA has raised its rates for the second time in just two months, this time by just over 4 percent.

Add that to a hike in August, and bills have risen by more than 8 percent.

The average customer will pay $6.21 more in September, on top of the $5.71 hike in August.

LIPA blames the double-hike on higher energy costs during the high-demand season.

The utility also moved last Friday to suspend its popular rebate program for home solar-energy systems.

LIPA has 1.1 million customers.


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