LIPA Petitioned to Investigate Retail Power Market
On January 5, the Retail Energy Supply Association formally petitioned the Long Island Power Authority to investigate the limited penetration of retail power in its service territory. According to RESA, there are few authorized energy service companies on Long Island, and it lags behind the rest of the state.
Currently, 214 ESCOs are eligible to provide power throughout New York, and these companies meet 56 percent of demand outside the LIPA territory. RESA also stated that 70 percent of LIPA customers receive retail natural gas, and that the lack of choice is restricted to electricity.
A spot check of five zip codes across LIPA’s service territory (11542, 11756, 11787, 11790, and 11951) on the Choose Energy website identified several natural gas providers but no electricity providers.
A RESA spokesman also claimed, “Consumers and businesses on Long Island face very high electricity costs and have been economically harmed by their inability to access competitively priced electricity.” LIPA’s Power Supply page shows that customers pay 10.51 cents per kWh as of January 1, 2015.
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