PSEG Long Island will increase their average customer monthly bills next month, which they say is required to run and maintain the electrical system and avoid a shortfall in revenue.
The $1.69 increase is known as “revenue decoupling adjustment,” and is framed by PSEG as a way to promote clean-energy programs.
In the second half of 2015, PSEG had a revenue shortfall of $18.3 million, Newsday reported. The revenue decoupling adjustment will adjust for that deficit.
“The RDA is not always a charge, but when it is, it’s only to make sure that there is enough revenue to keep the lights on. And even if the RDA is a charge, conserving energy and using it more efficiently can still help reduce energy bills,” PSEG said in statement.
