Customers in Connecticut will be paying a higher rate for their electricity this January and there could be more price increases to come. State regulators announced that Eversource and United Illuminating will be increase their generation rates to make “investments in the electric system”.
Eversource is set to increase its Small C&I Standard Service rates by about 12%. In addition, Eversource is also requesting a three-year, $336.8 million increase that would rise the average consumer’s electricity bill by 6.79 percent. Listed below are their published rates through June 2018.
CL&P Standard Service Rates, Jan 2018 – Jun 2018 (¢/kWh)
Rate 1 9.078
Rate 5 9.078
Rate 7
On-Peak 11.701
Off-Peak 8.201
Rate 18 9.304
Rate 27
On-Peak 11.353
Off-Peak 8.353
Rate 29 9.304
Rate 30 9.304
Rate 35 9.304
Rate 37
On-Peak 11.353
Off-Peak 8.353
Rate 40 9.304
Rate 41 (less than 500 kW)
On-Peak 11.474
Off-Peak 8.474
Rate 55 (less than 500 kW)
On-Peak 11.474
Off-Peak 8.474
Rate 56 (less than 500 kW)
On-Peak 11.474
Off-Peak 8.474
Rate 115 9.304
Rate 116 9.728
Rate 117 9.728
Rate 119 9.314
United Illuminating is also set to increase their rates. Their GS standard service rate will rise from 7.54 cents per kWh to 9.4509 cents per kWh. Listed below are the rates customers can expect to pay.
UI Jan-Jun 2018 Standard Service Rates (¢/kWh)** Rates include Bypassable FMCC **
Rate GS: 9.4509
Rate GST
On-Peak: 11.3776
Off-Peak: 8.3776
Rate LPT
On-Peak: 11.5397
Off-Peak 8.5397
Rate M: 9.8006
Rate U: 9.8006
In times like this, customers can be left wondering what they can do to combat these high rates and take control of their energy expenses. One option is to contract electricity through a low priced fixed rate long term contract. By choosing a fixed price contract for a long-term, customers can avoid facing price increases for the duration of the contract. Budgeting energy expenses will also be easier especially for commercial customers who need to control their costs. If you are interested in locking in a fixed price contract for your business please reach out to us for a complimentary price quote to see what you could save. Click Here!