Proposed Time-of-Day Rates
LIPA is proposing to modernize its standard electric rate for residential customers in 2024 with a new Time-of-Day (TOD) Rate to help customers save money and support the transition to clean energy on Long Island and the Rockaways. LIPA is also proposing an optional Flat Rate and Super Off-Peak Rate.
To learn more about Time-of-Day Rates, please read our informational fact sheet:
Fact Sheet: LIPA’s Time-of-Day Rates
With the new TOD Rate and Super Off-Peak Rate, customers pay different rates for electricity based on when they use it. Electric rates are higher during weekdays from 3 p.m. to 7 p.m. (“peak” hours) but lower all other hours of the day and on weekends and holidays (“off-peak” and “super off-peak” hours). Customers can save money by moving a portion of their electric usage – like doing laundry or charging electric cars – to off-peak hours. These discounted off-peak rates are available 88% of the hours throughout the year.
Most customers (more than 80 percent) will pay the same or less on the new TOD Rate and Super Off-Peak Rate without changing how or when they use electricity. That is because most customers already consume most of their energy off-peak. On average, customers will save about $3.50 per month on the TOD Rate and $5.75 per month on the Super Off-Peak Rate compared to the Flat Rate, without making any changes in their daily routine. Customers who make small changes in their daily routines can save more, as shown in the Fact Sheet (available below). The new time-of-day rates will also make the electric grid cleaner and more efficient.
To help customers transition to the new rate plan, LIPA is proposing a Bill Protection Guarantee for a customer’s first year on the TOD Rate or Super Off-Peak Rate. If after 12 months a customer’s electric bill on the TOD Rate or Super Off-Peak Rate is higher than it would have been under the Flat Rate, LIPA will automatically refund the difference.

Public Comments and Outreach
Public awareness and input are an important component of the TOD Rate proposal.
LIPA invites the public to participate in this process by taking part in one of the scheduled public hearings listed above or by submitting a written comment to [email protected]. Public comments will be accepted until February 27, 2022.
The proposal is scheduled for consideration at the March 29, 2023 meeting of the LIPA Board of Trustees in Uniondale, New York. Consideration by the Board of rate and tariff changes are held in open session and the public is always invited to attend and speak.
If approved by the LIPA Board of Trustees, customers will receive notice 90, 60, and 30 days before they are scheduled to transition to the TOD Rate in 2024. Since the TOD Rate will impact every customer differently based on their usage, customers will have access to a range of information and tools to understand how the TOD Rate will affect them.
Frequently Asked Questions
The standard rate means that the new TOD Rate will be the primary rate offered to customers. Most existing and new customers (with limited exceptions) will be transitioned to the proposed TOD Rate during 2024. The TOD Rate will not be mandatory — customers can also choose a Flat Rate or Super Off-Peak Rate at any time, among other options.*
* For example, customers who heat their homes with electricity are eligible for a special heating rate.
To learn more about Time-of-Day Rates, please read our informational fact sheet:
Timeline



