![]() ![]() ![]() ![]() Various bill payment options and financial assistance programs are available. You or someone you know may need financial help with your energy costs. ![]() This information is also available to download by clicking the Consumer Assistance Fact Sheet. Read below for information on bill payment options and financial assistance programs. Whether you own your own home or rent an apartment, there are steps you can take to control your energy use and manage your energy bills. If the underlying cost of fuel used to generate electricity - like oil or natural gas - increases, the price of your electricity may increase. The price you pay for electricity generally depends on your supplier’s cost to buy that electricity. In general, the more energy you use, the higher your bill will be. Your energy bill depends on how much electricity or natural gas you use and the rate you are paying. The utilities do not make a profit from the supply charge. The supply price is determined in a competitive marketplace and is not controlled by the Commission or the utilities and. The supply charge is the cost of the electricity or natural gas commodity itself. This fee is regulated by the NYS Public Service Commission. The delivery charge is the cost to transport the energy to you throughout the utility’s system. Īn energy bill consists of two parts: delivery and supply. By employing hedging strategies, utilities are able to moderate supply price spikes in competitive energy markets that would otherwise be passed along to customers. Utilities employ hedging strategies to “lock-in” energy supplies during periods when spot market energy supply rates and demand are typically at their highest. Any change in the cost of supply can have a significant impact on the overall energy bill. When there is a widespread and prolonged heat spell, overall demand for energy increases, which puts upward pressure on prices. The commodity price of electricity or natural gas rises, and falls based on many factors, including weather, the balance between supply and demand, and the current global unrest. Full service residential supply bills will vary from this estimate based on the customer's location and utility.īill costs will also depend on the actual, rather than estimated, energy prices. On a statewide average basis, a typical residential customer that uses 600 kWh of electricity per month is expected to pay about $50 per month for supply. In general, energy bills are expected to be about 12% higher on average than last summer. Cut electricity supplies to customers in certain areas.Request assistance from neighboring electric systems.If the need to reduce usage continues, utilities may: Activate demand reduction programs for large customers.Contact large business customers directly to request they reduce their consumption.Issue an "energy alert" and public appeals to residential customers to voluntarily reduce energy use.On an extremely hot day - when electricity usage is at its peak - New York's electric utilities may take special steps to maintain the reliability of the state's electrical system. A review of the electric system and utility preparedness indicates that New York will have 41,049 MW worth of capacity resources which will meet summer peak demand and provide a cushion in case of severe hot weather. The NYISO projects that New York’s peak demand will be 31,765 megawatts (MW). On a statewide basis, the New York Independent System Operator (NYISO) forecasts that New York should have enough electricity to meet demand for the period from June through September. You can learn about New York’s electricity needs, how you can control your electric costs, and the steps that are taken to ensure the reliability of the electric system. The following information will give you an understanding of New York’s summer electric supply situation - what’s happening and why. Whether it’s gasoline, fuel oil, natural gas, or electricity, the forces of supply and demand are having an impact on the commodities that are important to all of us. These days, the news is full of stories about energy. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |