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January 5, 2023

Study: CT faced second-highest electricity costs in 2022

HBJ File Photo Eversource offices in downtown Hartford.

A recent study found that Americans saw the highest electricity costs in 40 years in 2022 – and the rates in Connecticut were the second-highest in the nation.

According to a study by Ownerly, a home and property value estimation platform, the average electric bill in Connecticut was $173.16, behind Hawaii, which had the highest cost at $210.26 per month.

The other most expensive states for electricity were Alabama ($164.62), Georgia ($153.45) and Texas ($152.83), according to the study.

The study also found that Hawaii had the greatest dollar increase for electricity, with monthly bills going up $38.08. But Maine had the greatest percentage increase over 12 months, as customers paid 31.26% more than the previous year.

Meanwhile, prices in Wyoming and Oregon dropped in 2022, by 79 cents and 24 cents, respectively.

The least expensive state for electricity was Utah, with an average monthly bill of $84.97.

The study analyzed data between October 2021 and September 2022 for all states.

Further straining electric customers in Connecticut, rate hikes went into effect Jan. 1.

Eversource supply rates increased from 12.1 cents per kWh to 24.2 cents per kWh, costing the average residential customer who uses 700 kWh of power an extra $85 each month  – a 48% rise. 

United Illuminating supply rates increased from 10.6 cents per kWh to 22.5 cents per kWh, resulting in a $79 increase for the average user.

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