Connecticut's electric rates remain high due to utility purchases and six-month intervals, despite falling natural gas prices.
Connecticut has some of the highest electric rates in the US due to increasing electricity costs purchased by utilities Eversource and United Illuminating, and a requirement to buy power at six-month intervals. While natural gas prices are expected to fall this summer, Connecticut's rates are likely to remain high compared to neighboring states. Differences in electricity purchasing times and Connecticut's law contribute to the wide price variations.
March 10, 2024
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