New Residential Rate Tariffs Effective January 1, 2016
New electric rates have been approved by the Public Utility Regulatory Authority (PURA) for Connecticut’s electric distribution companies, Eversource (formerly Connecticut Light and Power) and United Illuminating (UI) for service provided effective January 1, 2016. The new tariffs take into account the results of previously approved standard service generation rates and other delivery service rate changes approved by PURA in rate adjustment clause proceedings. Copies of the new Eversource’s Rate 1 and UI’s Rate R Tariff sheets are attached below.
Eversource/CL&P
For those residential customer’s that take service standard service on Eversouce’s Rate 1 – Residential Electric Service, the rates for generation increased from 8.198¢ per kilowatt hour (kwh) to 9.595 cents per kwh on January 1, 2016. These standard service customers also saw the FMCC Generation rate decrease from .03 cents per kwh to a credit of 0.04 cents per kwh.
FMCC Delivery rates increased from 0.169 cents per kwh to 0.876¢, the Competitive Transition Assessment increased from a credit of .041¢ per kwh to a charge of 0.116¢ per kwh, the Systems Benefits Charge increased from 0.339¢ per kwh to 0.575¢ per kwh, Transmission charges decreased slightly from 2.655¢ per kwh to 2.582¢ per kwh and the adoption of a new Revenue Decoupling Mechanism charge of 0.079¢ per kwh.
For the average Eversource residential customer on standard service that uses 750 kilowatt hours a month, the changes will mean a monthly bill increase of $18.24 from $135.95 to $154.19. For those customers on third party supply the bill change will vary based on their generation contracted price. However, customers on competitive supply will see Eversource delivery charges increase by approximately $8.29 per month.
United Illuminating
On January 1, 2016, UI’s standard service generation rate increased from 9.1241 cents per kwh to 10.7358 cents (10.7973 Standard Service Generation rate reduced by .0615 Bypassable FMCC credit) per kwh.
Effective January 1, 2016, all UI Rate R customers (including those on competitive generation supply) saw Transmission charges decrease slightly from 2.7317¢ per kwh to 2.3546¢ per kwh.
UI Rate 1 customers on standard service using 750 kwh per month will see a bill increase of about $9.26 per month for these rate chages. The bill impact for those customers on third party supply will vary based on their generation contracted price. However, customers on competitive supply will see UI delivery charges decrease by approximately $2.83 per month.
The electric distribution companies’ standard service generation plans are the State's default plans from which customers have the ability to switch to competitive supply options. A list of supplier options is available at http://www.energizect.com/compare-energy-suppliers/compare-supplier-options. As always, customers who are considering going on competitive supply should carefully review price, terms, length of contract, enrollment and early termination fees when comparing options. Additionally customers should be extremely careful before entering a contract with a teaser rate that offers a lower price for four months and then locks customers into higher rates for an additional period.