Xi Jinping’s plan to become carbon-neutral by 2060 for ChinaOctober 5, 2020
The myriad of energy-efficiency programs we offer can help people reduce usage, tighten-up homes and keep energy bills down year-round
Eversource Energy is requesting an electricity rate increase of about 1 cent per kilowatt hour for the winter season in Connecticut, citing power generation costs.
Eversource submitted its proposed winter electricity prices to the Connecticut Public Utilities Regulatory Authority Thursday. If approved, the residential Generation Service Charge, or GSC, would be 8.391 cents per kilowatt-hour, up from the current 7.375 cents per kilowatt-hour.
Customers in Connecticut who are signed up for the company’s Standard Service generation rate would see the increase on the supply side of their electric bill beginning Jan. 1.
The new generation rate would be in effect from Jan. 1 to June 30 and the average residential customer using 700 kilowatt hours of electricity each month will see an increase of approximately $7.11 per month on the supply portion of his or her bill, according to Eversource officials. The total on each bill correlates with how much energy is used, the rate category and weather conditions, officials added.
Utility officials said the increase is “a direct pass-through cost” to customers for the price of power generation. It generated “no profit to the company,” officials said.
“We recognize the effect higher electricity prices can have on our customers, especially during these unprecedented times with the ongoing COVID-19 pandemic, and we want to help them better manage their energy use,” Eversource Senior Vice President and Chief Customer Officer Penni Conner said. “Like our customers, we have no control over fluctuating energy prices.”
Conner said Eversource is willing to work with financially strapped customers.
“The myriad of energy-efficiency programs we offer can help people reduce usage, tighten-up homes and keep energy bills down year-round,” Conner said. “We also offer various payment arrangements for customers who are having difficulty paying their energy bill, including the COVID-19 payment plan which allows them to pay past-due balances for up to 24 months.”
Eversource officials said, under the state law that deregulated energy companies, utilities 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.
Eversource customers do have the option to buy their power from state-approved third-party suppliers or go with the energy company’s Standard Service rate. Customers can find out more information about alternate suppliers and rates at http://www.energizect.com/compare-energy-suppliers.
PURA officials said the rates taking effect Jan 1 represent a decrease compared to others issued in the first half of 2018, 2019 and 2020. By comparison, Eversource rates averaged 9.545 cents per kWh in the first half of the prior three years.
Approximately 75 percent of Connecticut’s residential customers receive standard service generation from Eversource, according to Pura.
Ratepayers can compare Eversource standard service generation rates to licensed electric suppliers’ current offers on Connecticut’s official generation rate board at www.energizect.com.
With an Engineers degree in Advanced Database Management and Information Security, Sandesh brings the deep understanding of the digital world to the table. His articles reflect the challenges and the complexities that come along with every disruption in the industry. He carries over six years of experience on working with websites and ensuring that the right article reaches the right reader.