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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