Electric Rate Discounts
LIPA’s Economic Development programs and services have a single, significant goal: to assist businesses on Long Island succeed and grow by providing solutions to meet current and future energy-related needs. An important part of this effort are the electric rate discounts offered to companies growing and expanding on Long Island. Over the past decade, LIPA electric rate discounts have resulted in more than $65 million in savings for more than 300 Long Island businesses.
Electric rate discounts are offered in the following categories:
- Business Attraction/Expansion Rate Discounts
For non-retail customers who significantly expand their Long Island operations or move their business to Long Island, and meet or exceed increased electric load or job creation/retention guidelines
- Business Incubator Rate Discounts
For start-up businesses that graduate from a New York State - sponsored incubator program and locate outside the incubator facility.
- Load Shifting Option
The load shifting option allows new program participants to permanently lower their electric rates by shifting their electric use away from LIPA's most critical load period - summer weekdays between 3PM and 10PM.
- Manufacturing Competitiveness Rate Discounts
For manufacturers who participate in New York State’s Industrial Effectiveness program to improve their competitive position in the marketplace. For more information on New York State’s Industrial Effectiveness Program, visit the N.Y. State government Web site.
To qualify for our programs, you must call us before closing on your new location or starting your expansion project. Call us today at 1-800-528-2005