November 15, 2018

CT electric generation rates on the rise

PHOTO | Contributed
PHOTO | Contributed
An Eversource crew.

A charge that comprises about 40 percent of the average Connecticut resident's monthly electric bill will rise come January, state regulators announced.

The so-called standard service generation rate for electricity will tick up to 10.14 cents per kilowatt hour for Eversource customers (from 9.08 cents in the first six months of 2018) and 11.22 cents for United Illuminating customers (from 9.66 cents).

The rates will go into effect Jan. 1 to June 30 of 2019, according to the state Public Utilities Regulatory Authority (PURA), which approved the changes late last week.

Generation rates are typically higher in the colder months, according to PURA.

Customers who have elected to purchase their electricity from third-party suppliers rather than from the two utilities could pay different rates, according to their contracts.

The biannual rate change also impacts commercial utility customers.

For example, in the larger Eversource electric territory, which covers Greater Hartford and much of the state, small and medium business generation rates will rise from 9.3 cents to 10.85 cents in January. Those with time-of-use rates will also see varying increases.

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