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Eversource Files Electric Rate Increase Request. ( Connecticut )
NBC ^ | November 17, 2022

Posted on 11/21/2022 1:39:57 PM PST by george76

Eversource has asked the state Public Utilities Regulatory Authority to approve an increase that the company said could increase the electric bill for an average customer by nearly 50 percent, or $85 per month, on the supply portion of the bill.

Eversource said, if approved, the increased rates would be in effect from Jan. 1, 2023, through June 30, 2023.

Eversource is looking to increase the Standard Service Rate for residential customers who receive their energy supply from Eversource from 12.1 cents per kilowatt-hour to 24.2 cents per kWh, compared to 11.5 cents per kWh last winter, Eversource said.

The company said, on average, an Eversource residential electric customer who uses 700-kilowatt hours of power each month could see an increase of approximately 48% over their current monthly bill – or $85 per month – on the supply portion of the bill.

Eversource said the reasons include energy costs that continue to rise globally and regional electric supply prices reaching all-time highs this year due to increased global demand for and the high cost of natural gas, world events, extreme weather, and other issues.

Eversource bills include a supply part and a delivery part.

In a statement, Gov. Ned Lamont said he'll be calling the General Assembly into a special session to adopt legislation focused on helping residents. This includes ensuring the state's energy assistance program has enough funding to guarantee support is available for electricity and heating oil costs.

...

“I am disappointed electric distribution utilities are enjoying historic profits at the same time electric generation rates are increasing and customers are experiencing economic hardships, and I call on UI and Eversource to come to the table with solutions that recognize their investors and executives can and should support customers while we work together towards long-term solutions that untether us from the volatility of global fossil fuel markets," Lamont said.

Attorney General William Tong released a statement, saying the increase would be unaffordable for many families and businesses.

“This is a massive increase that will be unaffordable for many Connecticut families and businesses. We pay far too much for our energy in Connecticut as it is, and these winter rates are nothing short of punishing. My office has intervened on behalf of consumers at each and every rate case before the Public Utilities Regulatory Authority and the Federal Energy Regulatory Commission because we know how much the cost of energy impacts family budgets," Tong said in a statement.

"We have next to no ability to challenge these supply rates, which is frustrating. Our supply rates always fluctuate between winter and summer, but this is not normal. We are seeing a huge global spike in gas costs due to the war in Ukraine and Russian manipulation of gas supplies. Both as a country and a state, we need to take a hard look at our energy sources and reduce our reliance on sources like natural gas that produce these wild, unaffordable surges in rates,” Tong added.

“As Connecticut families struggle with rising costs of living, these alarmingly high rate hikes are deeply troubling and must be aggressively scrutinized by state authorities. Every possible action must be taken to reduce these increases and minimize their impact on consumers. Connecticut families simply can’t pay any more for utilities,” U.S. Senator Richard Blumenthal said in a statement.

The Office of the Consumer Counsel said United Illuminating is also looking to increase its rates.

UI wants to increase rates from $0.1062 to $0.2249 per kilowatt hour, which would impact the average United Illuminating residential customer using 700 kWh per month by increasing a monthly bill by approximately $83.09, according to the Office of the Consumer Counsel.


TOPICS:
KEYWORDS: connecticut; costs; electric; electricbill; energy; energycosts; energyschadenfreude; itistolaugh; thatsashame
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To: Presbyterian Reporter

In Florida too .. I pay a basic meter charge on two accounts so $42 a month. The solar does the rest. This year only paid for for about $30 of true kwH energy.


21 posted on 11/21/2022 2:15:41 PM PST by George from New England
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To: TangoLimaSierra

In CT, transmission costs and generation costs are billed separately. Only the generation portion of the bills will go up.


22 posted on 11/21/2022 2:17:32 PM PST by proxy_user
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To: george76

How much did Eversource donate to Democrats in the last election cycle.


23 posted on 11/21/2022 2:26:04 PM PST by ConservativeInPA ( Scratch a leftist and you'll find a fascist )
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HOPE
for spare
CHANGE
24 posted on 11/21/2022 2:27:42 PM PST by dsrtsage ( Complexity is just simple lacking imagination)
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To: george76

Biden’s Cold 🥶🥶🥶🥶 Dark Winter

Great job, Democrats!! 👍👍👍


25 posted on 11/21/2022 2:28:22 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SamAdams76
"The people of Connecticut just apparently re-elected that horrible Ned Lamont as governor..."

Um, record high gas, heating oil, food prices, and crime. But it's not so bad - let's elect them again.

26 posted on 11/21/2022 2:35:47 PM PST by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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To: Col Frank Slade
"Just re-elected Blumenthal too."

Yup - another old white guy, when they could have had a young Hispanic female.

Dems - the party of old white racists.

27 posted on 11/21/2022 2:37:49 PM PST by Psalm 73 ("You'll never hear surf music again" - J. Hendrix)
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To: george76
Power and Profiteering: How Certain Industries Hiked Prices and Drove Inflation
28 posted on 11/21/2022 2:38:00 PM PST by Izzatso
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To: George from New England

Cool... but for a real picture, what’s your estimated ROI/over time?


29 posted on 11/21/2022 2:40:48 PM PST by Brown Bag Special (Trust but VERIFY )
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To: Psalm 73

This is what it’s like in a failing country.


30 posted on 11/21/2022 2:42:58 PM PST by Scott from the Left Coast (Make Orwell Fiction Again)
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To: proxy_user

OK, thanks for the info.


31 posted on 11/21/2022 2:43:12 PM PST by TangoLimaSierra (⭐⭐Public hangings will wake 'em up.⭐⭐)
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To: george76

This is what they voted for. Enjoy.

32 posted on 11/21/2022 2:46:41 PM PST by BookmanTheJanitor
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To: All; george76
"...to 24.2 cents per kWh..."

Pikers....37 cents per kWh out on the West Coast in FR HQ territory.

33 posted on 11/21/2022 2:50:28 PM PST by Drago
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To: ConservativeInPA
How much did Eversource donate to Democrats in the last election cycle.

They donated $2,500, to DINO Joe Manchin in WV. The remaining $100,000+ dollars of their influence went to nine different Republican candidates and PAC'S.

Open Secrets Eversource Energy 2022
34 posted on 11/21/2022 2:54:04 PM PST by Izzatso
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To: Brown Bag Special

Got liberal Charley Crist rebates ten years ago, so it’s all paid for.


35 posted on 11/21/2022 2:56:52 PM PST by George from New England
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To: BookmanTheJanitor

It’s amazing!!

😂😂😂😆🤣🤣🤣


36 posted on 11/21/2022 2:57:40 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: george76

The election is over, so it’s now ok to raise the rates.


37 posted on 11/21/2022 3:40:50 PM PST by BobL (By the way, low tonight in Latvia: 21 degrees, burrr!)
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To: ABN 505
New England COULD have had a supply of fairly cheap electricity from Quebec.

First they tried to get a right of way approved through NH.

The route would have crossed very few roads and be mostly unseen in northern NH.

It would have been in the view of more households in central NH.

The enviro whackos, the same clowns who claim to want clean energy and electric cars, electric heat, etc., came out of the woodwork to fight it.

The folks with houses that would have their views "ruined" fought it.

They won.

Then an attempt was made to run it through Maine, same story.

None of the antis I queried had ever been on the power line road or snowmobile trail along the big DC line from the Quebec border through the Northeast Kingdom of Vermont.

It is one of my favorite rides, with amazing views.

For several years, a friend and I had been driving back and forth on VT route 2 from NH to St. Johnsbury, VT.

One day I asked him if he had ever noticed the power lines crossing over the road.

He hadn't. He was a retired mechanical engineer, had been a B-24 bombardier-navigator, and had fought from the bottom ball turret several times.

He had excellent eyesight, and was very good at noticing things.

The power lines cross at a 90 degree angle to the road over the trees.

You have about one second to see them, if you know where to look.

The enviro whackos forced the change from coal and oil to natural gas, then their pals in NY fought and stopped a gas line from the PA gas fields to NH.

The insane democrat policies, the enviro whackos and antis are responsible for the rate increases.

Should any of them freeze, that's their problem.

38 posted on 11/21/2022 4:00:42 PM PST by Mogger
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To: george76

We are being ripped off big time.

In California the Diablo Canyon nuclear plant produces electricity at .6 cents a kw.

The high rates are to A) pay for the big salaries and pensions of state workers and B) to subsidize the very expensive “green” energy of solar and wind as they cannot compete in a free market.
https://en.wikipedia.org/wiki/Diablo_Canyon_Power_Plant


39 posted on 11/21/2022 11:56:54 PM PST by minnesota_bound (Need more money to buy everything now)
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