The Public Utilities Regulatory Authority (PURA) recently approved lower generation rates for customers who use the standard service electricity generation provided by Connecticut Light & Power (CL&P) and United Illuminating (UI).
Beginning January 1, 2012, the rates for CL&P’s residential customers will drop from 9.482 cents per kilowatt-hour (kWh) to 8.279 cents/ kWh while rates for UI’s residential customers will drop from 10.616 cents/ kWh to 8.727 cents/ kWh. For a customer using 750 kWh, this translates to a savings of about $9 a month for CL&P customers and $13.50 a month for UI customers. Business customers will receive similar rate reductions. The rate reduction will not necessarily affect the 47% of residential customers who have switched from the utility provided standard service to a retail electricity supplier.
