United Illuminating Increases Electric Rates By Up to 8%
Connecticut customers who receive electricity from the utility company United Illuminating will see an increase on the supply side of their electric bill from next year.
Public Utilities Regulatory Authority (PURA) approved an increased price for the standard tariff (also known as the Price to Compare) for residential and small commercial customers beginning January 2021. The UI residential Standard Service rate will increase by 8%, from the current 8.67¢/kWh to 9.3694¢/kWh. The small commercial Price to Compare will increase 6% to 9.0725¢/kWh from the current rate of about 8.52¢/kWh.
For a Connecticut household with average monthly electricity consumption of 1000 kilowatt-hours, the new higher rate will mean paying a bill of $94, instead of $86 every month.
The new generation rate would run from Jan. 1 to June 30, 2021. Customers who would like to avoid paying the higher price have the opportunity to switch their electric supply to a retail electric provider (REP), thanks to the deregulated energy industry in Connecticut.