Electric Rates to Go Down

Falling natural gas prices and other costs contribute to the decrease.

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    NEWSLETTERS

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    It will cost you less next year to use electricity.

    Electric customers in the state will pay lower electric bills as a result of falling natural gas prices and other costs.

    State regulators approved reduced electric rates on Monday for Connecticut Light & Power, which serves about 1.2 million customers and United Illuminating, with 325,000 customers. The new rates take effect Jan. 1.

    The Public Utilities Regulatory Authority said it approved generation fees that will decrease about 1.2 cents per kilowatt-hour for CL&P and 1.8 cents per kilowatt-hour for UI.

    The agency says the generation cost for a UI residential customer using 750 kilowatt hours would decrease by about $13.50 a month and $9 for a CL&P residential customer.

    Businesses will benefit from similar reductions.

    Fees due to transmission congestion problems also are declining as new electric lines and systems are installed.