Rates will drop for some customers
CONNECTICUT - Commercial electric customers as well as some industrial companies will see their rates drop in the last three months of this year.
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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Poland’s largest power group opts to back wind over nuclear
WARSAW - PGE, Poland’s biggest power group has decided to abandon a role in building the country’s first nuclear power plant and will instead focus investment on offshore wind energy.
Reuters reports state-run refiner PKN Orlen (PKN.WA) could take on PGE’s role, while the latter announces a $10bn offshore wind power project.
Both moves into renewables and nuclear represent a major change in Polish energy policy, diversifying away from the country’s traditional coal-fired power base, in a bid to fill an electricity shortfall and meet EU emission standards.
An unnamed source told the news agency, PGE could not fund both projects and cheap…
