Rates will be dropping slightly for United Illuminating customers as of July 1.
A statement from UI says its default Standard Service generation rate for residential Rate R customers will fall from 9.2641 cents per kilowatt-hour to 7.5998 cents per kilowatt-hour, which will save about $11.65 for a typical UI residential customer who uses 700 kilowatt-hours a month.
The company also offers a “time-of-use” rate, Rate RT, which provides a discount for electricity consumed during off-peak hours — 8 p.m. to midnight, and 24 hours on weekends.
As of July 1, the on-peak Standard Service generation rate under RT will be set at 10.1602 cents per kilowatt-hour, and the off-peak generation rate will be 6.6602 cents per kilowatt-hour.
UI’s Standard Service generation rates are adjusted every six months, on Jan. 1 and July 1, to reflect changes in the price of electricity in the wholesale market.
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.