Regulator cuts Eversource rate request by more than half to $124.7M
PURA approved a fixed customer charge of $9.50, down from $19.25, which adheres to a law passed by state lawmakers in 2015.
High fixed charges burden seniors and low-income customers and reduce customers’ incentives to conserve electricity, Acadia said.
“Consumers everywhere prefer choice and control, and this lower monthly fixed charge will give customers substantially more control over their electric bills,” Bill Dornbos, Acadia Center’s advocacy director, said in a statement. “The new rate design will also help promote energy efficiency and renewable energy, more closely aligning Connecticut’s electricity rates with its energy policy goals.”
Read the full article from Hartford Business here.