As Lawmakers Debate Energy Auction, Customers Lose Out On Savings
Regardless of whether state lawmakers decide to auction Connecticut Light & Power and United Illuminating retail electricity accounts to private marketing companies as a way to raise cash for the state, the issue will cost money for 665,000 CL&P customers.
On July 1, electric customers who buy generation through the standard serviceplan at CL&P— 665,000 households and small businesses, upward of half the total in Connecticut — were likely to receive a reduction in their generation rates of 5 percent to 8 percent. That would mean about $2.80 a month at the low end of that range, or $35 for the next 12 months.
Read more at courant.com.