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CL&P asks for 25% standard service rate increase

Berlin utility Connecticut Light and Power said Friday that it has asked for regulatory approval to increase its standard service rate by 25 percent starting Jan .1 due to recent spikes in electricity prices.

The new proposed average rate for CL&P’s standard service would increase to 12.45 cents per kilowatt-hour, from the current average of 9.96 cents.  This supply price is separate from CL&P’s delivery rates and must be approved by the Public Utilities Regulatory Authority.  

The current spike in electricity prices stems from constraints in the existing pipelines that bring natural gas to the region, CL&P said.

CL&P purchases electricity from suppliers and passes the cost, with no profit added, directly to customers who are on the company’s standard service supply option. By law, the standard service price for residential and small commercial customers changes twice a year, on Jan. 1 and July 1. 

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