PURA approves electric rate increase for CL&P, UI
NEW BRITAIN – The Public Utilities Control Authority approved a generation rate increase of around three and five cents per kilowatt hour for Connecticut Light and Power and United Illuminating Monday.
The rate increase is for those customers who purchase power directly from CL&P and UI. According to PURA, as of January 1, 2015, CL&P’s residential generation rate will increase from 9.990 cents per kWh to 12.629 cents/kWh. UI’s residential generation rate will increase from 8.6657 cents/kWh to 13.3108 cents/kWh.
The generation rate recovers the cost to generate power, and is about 50% of the monthly electric bill for most residential users. Customers also pay the cost to deliver the electricity. Those rates are currently under review by PURA. Some parts of the delivery costs are regulated by the Federal Energy Regulatory Commission.
Around 40% of state residents take the standard service generation from CL&P and UI. Others have chosen electricity provided by other approved suppliers.