PURA: PURA Approves Revised Standard Service Electric Rates

2016 Press Release
 
November 3, 2016
 
PURA Approves Revised Standard Service Electric Rates
New Rates Take Effect January 1, 2017

The Public Utilities Regulatory Authority (PURA) has approved revised generation rates for residential and business customers taking Standard Service generation from The Connecticut Light and Power Company dba Eversource Energy (Eversource) and the United Illuminating Company (UI).
 
Eversource and UI recently submitted proposed winter cycle rates based on competitive auctions held earlier this year to procure the electricity needed to meet forecasted load. The bid process, underlying calculations and resulting rates were analyzed and verified by PURA technical staff, and approved today by PURA's commissioners at a public meeting.
 
Effective January 1, 2017, Eversource's residential generation rate will change from 6.606 cents per kilowatt-hour (kWh) to 7.874 cents/kWh. UI's residential generation rate will change from 8.0224 cents/kWh to 9.264 cents/kWh.
 
The Standard Service generation service rates for other residential and business customer classes are also set to change effective January 1, 2017. The new rates will be in effect through June 30, 2017.
 
Approximately two-thirds of Connecticut’s residential customers receive Standard Service generation from Eversource and UI. The remaining residential customers have chosen to receive their electricity from licensed electric suppliers, whose rates may be more or less than the Standard Service depending upon contract terms and the energy source.
 
Customers can compare UI and Eversource Standard Service generation rates to licensed suppliers' current offers on Connecticut's official generation rate board at www.energizect.com. From the home page select "Choose Your Electric Supplier."