Residential customers of Berlin electric utility Eversource Energy who still use the default standard service rate will see a 20-percent decline on their monthly bills starting July 1.
Ratepayers in Connecticut have the option to go with a third-party competitive supplier to provide their electricity. While the bills still come from the ratepayers’ utility distribution company, the rate for the electricity is set by the customers’ contracts with the third-party supplier. Those that don’t switch receive the default utility standard service rate, which is set by the Public Utilities Regulatory Authority.
Roughly 64 percent of Eversource’s 1.25 million Connecticut electric customers use the standard service rate.
For the new Eversource rates to be in effect from July 1 to Dec. 31, the standard service rate is dropping from 12.42 cents per kilowatt hour to 8.25 cents per kilowatt hour.
The saving for an average residential home will be about $31 per month. The July bills also will feature a new design so customers know the difference between what they would pay with a third-party supplier.
