Significant changes to the way the state regulates public utilities are on the way in 2023, at least according to the Public Utility Regulatory Authority (PURA).
Category: electricity
An unusually warm winter eased the price of home heating oil and allayed fears of a winter with oil in short supply.
During the presentation, state legislators pressed Gillett about the recent increases in rates for Eversource and United Illuminating customers.
The amount of electricity we use is only expected to increase in the coming decades as well, rising to about 5.1 trillion kWh by 2050. A steadily increasing demand for power will mean greater strain on aging energy systems, and big questions for consumers worried about rising costs.
Leaders from the state’s Republican party announced their legislative plan to lower electricity costs to consumers.
The meeting was a joint venture between PURA and the Massachusetts Department of Public Utilities and was intended to jumpstart a conversation about energy costs across state lines.
The average electric customer in Connecticut will see around a 40% increase in their bills starting January 1st.
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