Eversource customers will see an increase in their bills as of July 1 while United Illuminating customers' bills will go down.
Eversource released a statement saying average customers who are signed up for the standard service generation rate will see their bills increase by about $1 per month.
Public Utilities Regulatory Authority today approved the new residential Generation Service Charge of 8.01 cents per kilowatt-hour, up from 7.87 cents per kilowatt-hour.
A statement from Eversource said higher energy prices are caused by a reduction in the number of electric generation facilities available in the region.
PURA said the two utility companies recently submitted proposed summer cycle rates based on competitive auctions held earlier this year for energy needed to meet the forecasted load.
The new rate will be in effect from July 1 to Dec. 31 and Eversource says a residential customer who uses 700 kilowatt hours of electricity each month will see an increase of approximately 98 cents per month on the supply portion of their Eversource bill, but how much a customer actually pays will depend on how much energy is used, their rate category, and weather conditions.
United Illuminating's rates will go down from 9.26 cents per kilowatt-hour to 7.6 cents/kWh.
PURA said around two-thirds of Connecticut residential customers receive standard service generation from Eversource and United Illuminating.
The delivery charges will remain the same.
The standard service price changes twice a year, on Jan. 1 and July 1.