Rates will drop for some customers
Commercial and industrial customers of Connecticut Light & Power Co. will pay an average rate of about 17 cents a kilowatt hour, about 10 percent less than in the third quarter this year.
By state law, commercial and industrial rates are adjusted quarterly and approved by the state Department of Public Utility Control.
The rate decreases are a result of CL&P's latest power procurement contracts, which will cover demand for the rest of the year.
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Calgary electricity retailer urges government to scrap overhaul of power market
CALGARY - Jason Kenney's government is facing renewed pressure to cancel a massive overhaul of Alberta's power market that one player says will needlessly spike costs by hundreds of millions of dollars.
Nick Clark, who owns the Calgary-based electricity retailer Spot Power, has sent the Alberta government an open letter urging it to walk away from the electricity model proposed by the former NDP government.
"How can you encourage new industry to open up when one of their raw material costs will increase so dramatically?" Clark said. "The capacity market will add more costs to the consumer and it will…
