Summer Electric Rates to Drop for Some Eversource Customers

Eversource Energy on Friday submitted its proposed supply prices for the second half of 2018 to the Connecticut Public Utilities Regulatory Authority and Connecticut customers who are signed up for the company’s Standard Service generation rate will see a decrease on their electric bills beginning July 1, according to the filing.

PURA approved the new residential Generation Service Charge of 8.530 cents per kilowatt-hour, down from the current 9.078 cents per kilowatt-hour, Eversource officials said.

“We’re pleased to pass along these lower energy costs to our customers and remind them they can save even more by taking advantage of our energy efficiency programs,” Eversource Senior Vice President and Chief Customer Officer Penni Conner said. “We want to connect customers to solutions for savings with the variety of payment options and efficiency tips and services we offer which will help reduce their usage, tighten-up their homes, and keep energy bills down.”

The new generation rate will be in effect from July 1 to Dec. 31. The average residential customer using 700 kilowatt hours of electricity each month will see a decrease of approximately $3.84 per month on the supply portion of their bill. Each customer’s total bill depends on how much energy they use, their rate category, and weather conditions.

Under the state law that deregulated electricity, utilities like Eversource bid twice a year for power supplies, award contracts to low bidders, and pass along the costs to customers without marking them up. The Standard Service price changes on Jan. 1 and July 1.

Photo Credit: Eversource

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