Connecticut energy customers receiving standard service from Eversource Energy or United Illuminating Co. will see their electricity rates come down this summer, according to regulators.
In a statement, officials with the Public Utilities Regulatory Authority said revised delivery rates will come into effect June 1, followed by new standard service generation rates on July 1. While the new delivery rates for Eversource customers will be slightly higher on a monthly basis, a larger reduction in generation rates in July will offset that increase, according to the agency.
At the start of next month, Eversource delivery rates will rise by 2% — less than $3 monthly for a residential consumer using an average of 700 kilowatt-hours of electricity per month. PURA said it is currently reviewing proposed delivery rate adjustments for United Illuminating in an ongoing proceeding.
On July 1, average standard generation rates — represented in the “supply” portion of a customer’s bill — will fall for both utilities, with Eversource customers seeing a 16% reduction and UI ratepayers seeing a 14% decrease. For an average customer, those changes would translate to savings of $9.50 with Eversource and $9 with UI.
Overall, as of July 1, Eversource customers’ rates will decrease by about 4% and UI customers’ rates will decrease by about 6%.
PURA officials emphasized that while electricity rates overall will be lower, customers’ bills will ultimately depend on how much energy they use each month.
