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Sept. 2, 2024

Businesses join outcry over spike in CT electric rates; here’s how they are responding

David Krechevsky

CKS Packaging Inc. is a national plastic container manufacturer with a production facility in Naugatuck.

Today's Poll

Should the legislature hold a special session to address electric rates?
Poll Description

State policymakers are considering a special session to address the spike in electric rates in Connecticut.

The “public benefits charge” on customers’ bills ballooned in July, causing large commercial-industrial customers to see an increase of about 57% to the delivery portion of their bill.

For residential customers, the average increase was 30% to 35%.

The sharp increases have prompted Republicans in the state legislature to push for a special session to address the issue. They say the state should tap into its budget surplus funds to reduce electric rates this fall.

Democratic leaders say the cost-cutting plan doesn’t make sense and is a political maneuver by Republicans that would provide little relief to customers.

Gov. Ned Lamont has indicated he would reach out to legislative leaders about the issue and acknowledged that more needs to be done to lower electricity costs, but he stopped short of endorsing a special session.

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