LIPA Announces Time-Of-Day Rate Proposal To Provide Customers Opportunities To Save Money, Support Clean Energy - EmPower Solar

LIPA Announces Time-Of-Day Rate Proposal To Provide Customers Opportunities To Save Money, Support Clean Energy

The Long Island Power Authority (LIPA) announced a proposal for a new Time-of-Day Rate that will be available to residential customers in 2024. Under the proposed TOD Rate, 80 percent of customer would save money without making any changes and supports LIPA’s clean energy transition mission.

David G. Shieren, New York Solar Energy Industries Association (NYSEIA) Board President and EmPower Solar CEO called LIPA’s proposal a “logical step to modernize electric rates that can save customers money and accelerate clean energy options such as solar and battery storage. The solar industry is looking forward to participating in a robust stakeholder process and continuing to partner with LIPA on this initiative to build the utility grid of the future.”