Annual Report Long Island Power Authority Lipower Form

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CUSTOMERS COULD SOON START SAVING HUNDREDS OF DOLLARS EACH YEAR ON THEIR BILLS, BECAUSE OF A NEW RATE PLAN. >> THEY WILL OFFER RATES THAT FLUCTUATE BASED ON THE TIME OF DAY. AS CAROLYN GUSSOFF REPORTS, CUSTOMERS WILL HAVE TO DECIDE IN THE COMING MONTHS. >> Reporter: WHAT TIME YOU WASH YOUR CLOTHES, COOL YOUR HOME, YOUR ELECTRIC BILL ON LONG ISLAND. NEW TIME OF DAY ELECTRIC RATES. >> BY TAKING SOME ACTIONS, IT'S REALISTIC CUT CUSTOMERS COULD SAVE. >> Reporter: ON LONG ISLAND, EVERYONE WILL AUTOMATICALLY BE ENROLLED, UNLESS THEY OPT OUT, WITH SAVINGS FOR OFF-PEAK USE. RIGHT NOW, THERE IS ONE PRICE FOR ELECTRICITY, DAY OR NIGHT, BUT BEGINNING NEXT YEAR, PRICES WILL VARY. PERIODS, 80% OF CUSTOMERS WILL SAVE A LITTLE BIT OF MONEY, EVEN WITH NO CHANGES TO BEHAVIOR. WE ARE GIVING CUSTOMERS THE OPPORTUNITY TO SAVE A SIGNIFICANT AMOUNT OF MONEY. >> Reporter: DURING PEAK HOURS, 3:00 TO 7:00 P.M. WEEKDAYS, ELECTRICITY WILL COST THE MOST. EVERYTHING ELSE WILL BE OFF- PEAK. A SUPER OFF-PEAK OVERNIG