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Connecticut electric utilities, regulators say standard service electric rates to change July 1.

 

Eversource ratepayers will see an increase in their electric bills starting July 1. The Connecticut Public Utilities Regulatory Authority said standard service for Eversource customers will go up 12 cents. United Illuminating customers will see a decrease of about 35 cents per month.

Rates are adjusted twice a year in January and July. The state has control over only a part of electricity rates. There is nothing the state can do to lower generation rates in a deregulated marketplace. Prices on the generation side of the ledger are increasing as a result of continued supply chain restraints and other geopolitical tensions, natural gas prices remain at historically high levels not seen in over a decade.

While natural gas prices fell substantially during the global COVID pandemic due to decreased demand, as the world economy slowly recovers demand is increasing as business production and consumer activity increases, at a time when supplies have been lower due to the reduction of oil drilling and natural gas production during the height of the pandemic. This has led to higher-than-normal July 1 standard service rates. Norm Needleman and Rep. Skip to content.

 

Electric Rates to Increase July 1 | CT News Junkie.

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Are electric rates going up in ct. Public Utility Regulators Vote To Reduce Electric Rates

    Eversource will charge a 3. When you sign up on the EnergySage Marketplace , you'll be able to receive and compare solar quotes side-by-side from qualified solar installers in your area. Weekends at the Science Center. United Illuminating customers will see a decrease of about 35 cents per month.