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karmint1 t1_iwu40k0 wrote

Saw on energizeCT a 3 year contract for 14/kwh, which is crazy, but considering it if eversource's rate is about to jump to 18/kwh.

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mischavus618 t1_iwu779x wrote

18? I saw 24.2 on WFSB for generation. Claimed they make no money to produce it.

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karmint1 t1_iwu7epr wrote

I'm just going by the 40-50% speculated increase and I'm at just above 12 now. If it's doubling for me, I'd jump all over the 14 cent option.

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mischavus618 t1_iwu7lsv wrote

WFSB quote “If the supply prices are approved by PURA, Eversource customers’ supply would go from 12.1 cents per kilowatt-hour to 24.2 cents per kilowatt-hour.”

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MikeTheActuary t1_iwubo8y wrote

PURA frequently approves only a portion of Eversources' and UI's requested rate increases.

Presumably Eversource and UI are asking for huge increases, hoping PURA's enforced compromise will provide what they actually need.

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TheDogsNameWasFrank OP t1_iwv06do wrote

Likely. But if true PURA should see through that

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MikeTheActuary t1_iwv108g wrote

It's a near-universal fact of life in price-regulated enterprises: When you need a significant price increase, the regulator will likely resist. So you ask for the biggest increase you can justify, in the hopes that the approved increase is close to your real need.

The regulators know about the practice. If they're good, they know the right questions to establish the real need.

(Source: Spent many years seeking regulatory approval of insurance rates.)

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Enginerdad t1_iww0ft5 wrote

Eversource's supplier rate is going up 100%, but since supplier charges are only about half of your bill (generation being the other half), your total bill will go up by about 50%

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