If you’re a Connecticut resident whose electricity supplier is Eversource or United Illuminating, get ready to open (and empty) your wallet starting in January 2023. Recent rate hikes approved by the Public Utilities Regulatory Authority (PURA) will increase the average Eversource customer’s monthly electric bill by $84.85, assuming 700 kilowatt hours (kWh) are used per month. (You can check a past bill to see what your usage is.) The new rate per kilowatt hour at 24.2 cents is double the current rate of 12.1 cents per kWh.
If you’re a United Illuminating customer, the news isn’t much brighter: you’ll be paying an estimated $79.24 extra per month, which equates to an increase in kilowatt hours from 11 cents to 22 cents.
On top of paying some of the highest energy prices in the nation, Connecticut families, along with the rest of the country, are also suffering the highest inflation rate in a generation. The additional $84.85 monthly that residents will be forking over for electricity could buy, on average:
· A week’s worth of groceries for a single adult
· Two large boxes of diapers (300 diapers total) for a newborn
· About 28 school lunches for a child in middle or high school
· The monthly cost of high-speed internet service
Multiply this by 6, and by summer you’ll have shelled out $510 extra for electricity, and over $1,000 by December 2023, assuming rates don’t increase yet again in July! And don’t rely on lawmakers to put the brakes on the utility companies’ rate requests. PURA is toothless and has no oversight authority regarding utility companies’ generation charges. It “has to” accept these rate increases, even as Eversource reports record-breaking profits of more than $1.2 billion in 2020 and 2021.
Had enough? We all need electricity, but if you’re tired of fattening the pockets of the utility companies and their high-paid executives, consider solar energy as an option. There’s no better time to call Ion Solar Pros and find out how much money you can save. Call 866-582-0000 today!