Connecticut regulators have approved another electric rate hike for Eversource and United Illuminating (UI) customers. The decision comes after a lengthy review process and has been met with mixed reactions from the public.
The rate hike, proposed by the two utility companies, is expected to increase customer bills by an average of $10 per month. This increase is intended to cover the costs of maintaining and upgrading the electric grid, as well as investments in renewable energy sources.
Eversource and UI argued that the rate hike was necessary to ensure reliable service and support the transition to cleaner energy. However, many customers have expressed frustration over the continued increases in their electric bills, particularly during a time of economic uncertainty.
Consumer advocacy groups have criticized the decision, claiming that the rate hike will disproportionately impact low-income households. They argue that regulators should have prioritized affordability and considered the financial burden on customers, especially during a pandemic.
Despite the controversy, regulators defended their decision by stating that it was based on the needs of the utility companies and the overall benefit to customers. They emphasized the importance of investing in infrastructure to improve the reliability and sustainability of the electric grid.
The approval of the rate hike marks another chapter in the ongoing debate over electric rates in Connecticut. As customers brace for higher bills, the focus now shifts to how the increased revenue will be used by Eversource and UI to meet the demands of a changing energy landscape.
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