Electricity Rates Increasing In 2020

Aaron Kupec
December 04, 2019 - 1:11 pm
Categories: 

NEW BRITAIN, Conn. (WTIC Radio) - Electricity generation rates charged by Connecticut's two largest electric utilities are increasing for the first half of 2020.

Rates for Eversource customers are climbing 15.8 percent and rates for United Illuminating customers are climbing 26.4 percent starting on Jan. 1.

The average customer using 750 kilowatt hours a month will pay $9.65 and $16.55 more per month with Eversource and UI respectively.

The higher rates are largely thanks to increased demand for natural gas in the winter. For the two utility companies, generation rates are considered a pass-through cost, on which they don't make a profit.

Regulators set the so-called "standard offer" rates twice per year.

The Office of Consumer Counsel urges customers to conserve electricity. Consumers also may be able to find lower rates with a third-party electricity supplier, but experts warn to beware of teaser rates and other contract conditions.