Eversource, UI will cut electric rates for some, but not until 2024
November 21, 2022
The electric bills for roughly 1.5 million power customers in Connecticut are expected to spike dramatically come January, but a long-awaited initiative that would ease monthly energy costs for the state’s lowest-income residents is still more than a year away.
Last week, both Eversource and United Illuminating — Connecticut’s two investor-owned electric utilities — notified state regulators that the price their customers pay for power generation will jump by roughly 50% early next year.
