One of the benefits of producing your own electricity through a solar photovoltaic system is being protected from rising electric rates. While it is true that occasionally rates will stay the same for awhile, or even go down slightly, the general trend is that they will rise.
This morning, NBC Connecticut announced that Connecticut’s Public Utilities Regulatory Authority (PURA) approved new winter rates for United Illuminating and Eversource customers.
“The cost of electricity is typically higher in the winter primarily because of the demand in natural gas, and the constraints in the pipeline that delivers the natural gas here to those generators,” Eversource spokesperson Tricia Modifica said.
Unfortunately, this makes it much more expensive for people who use electricity to heat their homes.
The new rates are as follows:
Eversource customers will go from paying 6.6 cents/kWh to 7.8 cents/kWh. UI will charge 9.2 cents/kWh, up from 8.02 cents/kWh.
Both companies mention that the rate increase is still less than last winter’s increase. For example, UI will charge 15 percent less this year compared to last.
These rates will be in effect from January 1 through June 20.