As winter approaches, energy bills tend to rise alongside the dropping temperature. This year, Eversource, Connecticut’s largest energy provider, has submitted a proposed standard winter rate for the year 2024. The proposed rate of 14.71 cents per kilowatt-hour is higher than the current summer rate of 13.82 cents per kWh. (IMPORTANT REMINDER: Their price for KWH is ONLY for the supply cost and not the DELIVERY cost of getting your energy)
If this new winter proposal is approved, this inflated rate will be in effect from January 1 to June 30, 2024. Let’s take a closer look at what this proposed rate means for Connecticut residents.
It’s important to note that energy rates tend to fluctuate and depend on various factors, including supply and demand. For instance, during the winter of 2023, Eversource charged 24.2 cents per kWh. At the time, Eversource cited natural gas supply constraints due to global pressures like the war in Ukraine. Comparatively, winter 2022, Eversource’s kWh rate was 11.5 cents. This shows that energy prices are subject to change as Eversource see’s fit and can be influenced by many external factors.
Eversource is encouraging their customers to be proactive in managing their energy bills by comparing rates from third-party suppliers on EnergizeCT.com. To us at SAVKAT solar, this means that even though they are raising rates again, it is assumed they will still be ‘competitive’ with their pricing and that ‘really’ means everyone is raising their rates.
Keeping an eye on your energy usage and exploring different energy suppliers can help you better manage your energy bills and potentially save money.
It’s important to note that if consumers do not have solar installed in their homes, there are still ways to minimize the impact of rising energy prices during the winter months. For instance, turning the thermostat down by just a few degrees can make a noticeable difference in your energy bills. Additionally, making sure your home is adequately insulated can help keep heat inside your home and lower your energy usage.
While the proposed winter rate by Eversource may come as a surprise to many Connecticut residents, it’s essential to stay informed about energy prices and how you can save money on your energy bills by going solar. As always, it’s important to explore all your options and make informed decisions about your energy usage and bills.