May 8, 2018

Eversource generation rate to fall July 1

Eversource customers who pay the standard service rate will see a drop starting July 1 that will partially offset a May 1 rate increase.

The state Public Utilities Regulatory Authority on Friday approved the utility's supply prices for the second half of 2018, which will decrease the residential generation service charge of 8.530 cents per kilowatt-hour, down from the current 9.078 cents per kilowatt-hour.

The new generation rate will be in effect from July 1 to Dec. 31. The average residential customer using 700 kilowatt hours of electricity each month will see a decrease of approximately $3.84 per month on the supply portion of their bill.

The decrease in the generation rate will start two months after a 3.8 percent rate increase that started May 1 and will add an estimated $5.40 to the average customer's monthly bill.

Each customer's total bill depends on how much energy they use, their rate category, and weather conditions.

"We're pleased to pass along these lower energy costs to our customers and remind them they can save even more by taking advantage of our energy efficiency programs," Penni Conner, Eversource senior vice president and chief customer officer, said.

She pointed out that Eversouce offers a variety of payment options and efficiency tips, as well as services to help customers reduce their usage and make homes more energy efficient.

The increase in the generation rate is calculated twice a year and makes up about 40 percent of the electric bill.

Under the state law that deregulated electricity, utilities bid twice a year for power supplies, award contracts to low bidders, and pass along the costs to customers without marking them up.

Eversource customers may buy their power from other retail suppliers or go with the company's standard service rate. For details about alternate suppliers and rates visit

Eversource, which maintains corporate offices in both Berlin and in Boston, was created in 2015 with the merger of NStar and Northeast Utilities.

The utility has 4 million customers in Connecticut, Massachusetts, and New Hampshire.

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