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.
Related News
Court reinstates constitutional challenge to Ontario's hefty ‘global adjustment’ electricity charge
TORONTO - Ontario’s court of appeal has decided that a constitutional challenge of a steep provincial electricity charge should get its day in court, overturning a lower-court judgment that had dismissed the legal bid.
Hamilton, Ont.-based National Steel Car Ltd. launched the challenge in 2017, saying Ontario’s so-called global adjustment charge was unconstitutional because it is a tax — not a valid regulatory charge — that was not passed by the legislature.
The global adjustment funds the difference between the province’s hourly electricity price and the price guaranteed under contracts to power generators. It is “the component that covers the cost of…
