Check Your Electric Bills Carefully As Ct Customers Of Major Utilities Will Have Lower Rates

While we don’t know yet how much extra we will be paying CL&P and UI for the repair and cleanup from the last two huge storms in Connecticut, at least the electric rates will decrease for both companies starting in January.

That means that for the hundreds of thousands of residents and businesses that use alternative providers, its important to make sure you are not paying more than the new rates from UI and CL&P.

According to a story in today’s Courant, CL&P customers’ rates “will drop from 9.5 cents a kilowatt hour to 8.3 cents per kilowatt hour,” while UI customers will pay 8.7 cents a kilowatt hour, a drop from 10.6.

The prime reason for the reductions is that the price of natural gas continues to fall.

The best place to keep track of electric prices in Connecticut is at  http://www.ctenergyinfo.com/choose_entry.htm/.

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3 Comments on "Check Your Electric Bills Carefully As Ct Customers Of Major Utilities Will Have Lower Rates"

  1. Yesterday, there was an article in the New Haven Register about this topic. I’m confused about something. HOW does Consumer Counsel Elin Swanson Katz know that signing a contract with a supplier would lock consumers into a per kilowatt hour rate that will be higher than what CL&P and UI customers will be paying starting next month?

    Does she have a CRYSTAL BALL or are these generation rates just a GAME? I thought they varied all the time, yet she KNOWS that the suppliers who tell you that the utilities’ rates for 2012 are unknown would be false.

    She already knows that the price of utility Standard Service in 2012 is now a known benchmark for comparison? HOW?

    Can someone PLEASE tell me what I am missing here? ”

    ONE other issue of importance to CTWATCHDOG readers-WHY can we pick an ELECTRIC SUPPLIER, BUT we CANNOT pick a supplier for our Southern CT Gas Co.? IF we were a BUSINESS, we could pick a gas supplier, but as a homeowner the STATE OF CONNECTICUT will NOT allow us to have a choice? What’s up with that?

  2. Bob, CL&P and UI’s generation rates are set and approved by state regulators. CL&P and UI are regulated monoloplies and don’t generate power- they sign contracts with others at mutually agreed upon prices. The generation rates are locked for the entirety of 2012 now and cannot change.

    If you choose a competitive supplier that has fixed rates and a penalty for switching you could be stuck at a much higher rate than standard serivce. Most competitive suppliers were priced well above what CL&P’s rates will be in 2012.

  3. What a bunch of bullsh*t! We pay the highest rates in the lower 48 even with so called competion. Then we deal with incompetense when we have a storm or two. What the hell is the state doing with all those tax revenues?

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