BERLIN – With winter, and colder weather, approaching, Eversource said they are delivering cost-savings for their customers on its Standard Service rate in Connecticut.
The Public Utilities Regulatory Authority Thursday approved electricity prices from power suppliers that are 18 percent lower than last winter, which was the lowest winter rate since 2013.
On January 1, 2016, the residential Standard Service supply price will be 7.87 cents per kilowatt-hour, down from last winter’s 9.56 cents. This is a direct pass-through cost to customers for the price of generating power.
In July of this year, the Standard Service supply charge dropped to 6.61 cents per kilowatt-hour, due in large part to the fact that demand for natural gas is not as high during summer and fall months as it is in the winter.
The new rate will be in effect through June 30, 2017.
