Connecticut Light & Power will raise electricity generation rates from 7.6 cents to 9.2 cents per kilowatt hour on Jan. 1.
This ultimately means an increase of $11 for the average consumer at 700 kilowatts per month for those that have not made the switch to a competitive electricity supplier. In addition to delivery charges, CL&P customers can expect to see a total bill increase of $15.64.
For United Illuminating, rates will increase from 7.7 cents to 9 cents per kilowatt hour. After a change in billing lead to eliminated competitive transmission assessment charges, UI customers should see January’s bill decrease by $2.24.
The rise is due to the high demand for natural gas, causing power generation to be more expensive. A proposed initiative to increase national gas pipelines is expected to reverse the trend of rising energy prices, although Governor Daniel P. Malloy’s plan is still in negotiations.
For consumers looking to switch energy suppliers with cheaper rates, Consumer Counsel Elin Swanson Katz advises to lock in the most desirable rate through June or choosing an option with no cancellation fee.
