{"id":2238,"date":"2024-01-08T14:38:40","date_gmt":"2024-01-08T20:38:40","guid":{"rendered":"https:\/\/www.ctenergyratings.com\/blog\/?p=2238"},"modified":"2024-01-08T14:38:43","modified_gmt":"2024-01-08T20:38:43","slug":"pura-denies-ui-interim-rate-relief-request","status":"publish","type":"post","link":"https:\/\/www.ctenergyratings.com\/blog\/pura-denies-ui-interim-rate-relief-request\/","title":{"rendered":"PURA Denies UI Interim Rate Relief Request"},"content":{"rendered":"\n

UI Rate Relief Request Denied<\/h2>\n\n\n\n
\"The
The UI interim rate request could hiked your monthly bill even higher. Find out why PURA rejected it and find out how you can avoid paying those high utility default supply prices.<\/em><\/center><\/figcaption><\/figure><\/div>\n\n\n\n

Last month, UI<\/strong> asked the CT PURA<\/strong> for interim rate relief<\/a>. This would have caused electricity rates<\/a> to rise this winter in spite of low natural gas prices. However, PURA<\/strong> has denied this request. So let’s dig into why PURA<\/strong> denied the interim rate relief request and what it mean for UI <\/strong>customers.<\/p>\n\n\n\n

UI Rate Relief Request<\/h3>\n\n\n\n

Instead, PURA cut the UI request for a 130.7 million rate hike to a much smaller $23 million hike. UI took PURA to court<\/a> and in the meantime asked for $14 million in interim relief. UI stated that if they lost the appeal, then the interim rate relief<\/a> would be returned to customers.<\/p>\n\n\n\n

Early this month, PURA declined the request, calling the interim rate relief request “merely a statement about the August decision”. It also noted that the interim rate relief would add an additional 4.6% in distribution charges to the $23 million increase from August. More importantly, PURA noted that UI had not demonstrated sufficient need for the increase for maintaining their grid.<\/p>\n\n\n\n

According to Ted Novicki, Director of Regulatory Affairs for Avangrid, UI’s parent company, the Interim Rate Request is essential for maintaining CT’s grid reliability<\/a>. This reliability came from investments in replacing outdated poles, wires, and transformers. In addition, utilities like UI, must pay to maintain a fleet of vehicles to respond to outages. As a result, Novicki argues, denying the request has ‘closed the books’ on efforts to modernize the CT grid.<\/p>\n\n\n\n

Shop Best CT Electricity Rates<\/h3>\n\n\n\n

As of January 1, UI<\/strong> and Eversource<\/strong> default service rates have risen. UI<\/strong> rates are currently at 17.0625 cents per kilowatt-hour (kWh). Eversource<\/strong> rates rose to 14.714 cents per kWh. Estimates show that CT uses an average of 716 kWh<\/a> of energy per month. This means the average default supply portion would be about $122 (UI<\/strong>) or about $105 (Eversource<\/strong>) per month.<\/p>\n\n\n\n

Direct Energy<\/a><\/strong> is worth looking into for the biggest possible savings. Their Live Brighter 9<\/strong> plan charges 10.89 cents per kWh or about $77 per month on the supply portion of your bill. In addition to saving around $30-$50 per month versus default service, Direct Energy <\/strong>is also ranked as a top five energy company<\/a> by our readers.<\/p>\n\n\n\n

Alternately, Xoom Energy<\/a><\/strong> might save you money with their SureLock 12<\/strong> plan. Their 12.39 cents per kWh rate means an average monthly supply charge of about $88 (almost $20-$40 less than default service). In addition to these savings, customers can also benefit from the shopping discounts offered by their Xoom Energy<\/strong> Rewards Program<\/em>.<\/p>\n\n\n\n

You might also check out the Constellation<\/a><\/strong> 36 Month Home Power Plan<\/strong>. Their 12.49 cents per kWh locks in an average monthly supply charge of about $89 for 36 months (also about $20-$40 less than default service). Constellation<\/strong> also sends out energy usage emails to help you meet your energy savings<\/a> goals.<\/p>\n\n\n\n

Keep Watch For Energy Rate Spikes<\/h3>\n\n\n\n

While the court case resolves, energy shoppers should not wait to shop for better rates. And you can always count on https:\/\/www.ctenergyratings.com<\/a> to make shopping for the cheapest rates a snap. You can also check us out for the news that could affect your bills.<\/p>\n","protected":false},"excerpt":{"rendered":"

UI Rate Relief Request Denied Last month, UI asked the CT PURA […]<\/p>\n","protected":false},"author":10,"featured_media":2255,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[140,141,153,172,151,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/2238"}],"collection":[{"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/comments?post=2238"}],"version-history":[{"count":12,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/2238\/revisions"}],"predecessor-version":[{"id":2261,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/2238\/revisions\/2261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/media\/2255"}],"wp:attachment":[{"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=2238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=2238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=2238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}