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Working on Solutions to Stabilize Public Policy Impact on Your Bill 

Certain costs of service, including state-mandated energy programs, policies and initiatives, are adjusted at least once a year based on our costs for these services.

These costs are recovered through a charge on your bill.

Starting July 1, the majority of residential electric customers using an average of 700 kWh per month can expect to see an increase of approximately $13 per month on their bill.

Residential customers who have chosen a third-party supplier and are not on the Eversource Standard Service rate will see an approximately $48-per-month increase on their bill.

Customers on the Standard Service rate will see less of an increase because it will be partially offset by an expected reduction of the Standard Service energy supply rate also taking effect on July 1.

All customers are encouraged to check supply rates and choose the lowest rate to help offset this increase.

This rate adjustment was reviewed and approved by the Public Utilities Regulatory Authority (PURA) and is an annual adjustment that will be collected through April 30, 2025.

Where You Will See This Reflected on Your Bill

This rate increase is almost entirely within the Public Benefits portion of your bill and is driven by state-mandated and approved energy programs, policies and initiatives, which we do not control or make a profit from.

Why the increase is so high

While this rate adjustment consists mostly of pass-through costs required by state policies that are reasonably designed to benefit customers, the size of this increase was driven by PURA’s previous decisions to not collect costs at the time they were incurred and instead push costs off to the future.

We have repeatedly expressed our concerns to regulators that continuously pushing off necessary rate adjustments would eventually lead to rate shock for customers, and unfortunately our concerns have now become a reality. We continue to propose policy paths to keep rates stable and predictable.

Does this increase have to do with Eversource’s reported losses from its offshore wind business?

No, our reported losses on offshore wind investments are entirely unrelated to this increase and have zero impact on Connecticut customer bills.

The costs relating to the state’s public policies like power purchase agreements, customer assistance programs and other costs are specific to Connecticut and are covered by Connecticut customers under state law.