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.
Eversource Customers To See Rates Rise Under PURA Decision
PURA’s decision also lowers the fixed fee Eversource customers are charged, regardless of how much electricity they use, from $19.25 to under $9.50 a month.
Katz said that reduction will primarily benefit lower-income Eversource customers and consumers that significantly reduce their electricity use. She said most residential consumers will see their overall Eversource bills rise by that $5.40 per month.
“By enacting this significant reduction, Connecticut brings the state’s residential customer charges down to levels that are comparable with national best practices and recognizes that high fixed charges run counter to consumer interests and a clean energy future,” said Mark LeBel, staff attorney for the activist group Acadia Center.
The 50 percent cut in fixed charges was mandated under legislation passed by the 2015 General Assembly to limit residential customer charges.
Read the full article from the Hartford Courant here.