Connecticut regulators have approved another electric rate hike for Eversource and United Illuminating (UI) customers. The decision comes after Eversource and UI requested the rate increase due to rising costs associated with maintaining the electric grid and providing services to customers.
The rate hike, which was approved by the Public Utilities Regulatory Authority (PURA), will result in an average increase of about 4.7% for Eversource customers and 3.6% for UI customers. This means that the average Eversource customer can expect to see an increase of about $7.57 per month on their electric bill, while the average UI customer will see an increase of about $3.25 per month.
PURA cited the need for continued investment in the electric grid and infrastructure as reasons for approving the rate hike. They also noted that the increase in costs was necessary to ensure reliable and safe electric service for customers.
While the rate hike may come as a disappointment to customers, Eversource and UI have assured that they are committed to providing high-quality electric service to their customers. They have also emphasized their efforts to improve the sustainability and reliability of the electric grid in Connecticut.
Customers are encouraged to explore energy-saving measures and programs offered by Eversource and UI to help offset the impact of the rate hike on their monthly bills. Additionally, customers can contact their electric provider for more information on how they can manage their energy usage and lower their electric bills.
Overall, the approved rate hike signals the ongoing challenges faced by electric utilities in balancing the need for infrastructure investment with the desire to keep costs affordable for customers.
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