{"id":912,"date":"2021-10-12T19:13:52","date_gmt":"2021-10-13T00:13:52","guid":{"rendered":"http:\/\/www.ctenergyratings.com\/blog\/?p=912"},"modified":"2021-10-12T19:14:51","modified_gmt":"2021-10-13T00:14:51","slug":"eversource-agrees-accountability-plan","status":"publish","type":"post","link":"https:\/\/www.ctenergyratings.com\/blog\/eversource-agrees-accountability-plan\/","title":{"rendered":"Eversource Agrees to Accountability Plan"},"content":{"rendered":"
\"The
What’s in it for you? Eversource has agreed to the state’s Accountability Plan. But CT electricity customers still face rising energy prices.<\/em><\/center><\/figcaption><\/figure>\n

Eversource Deal Provides Bill Credits<\/h2>\n

You might recall the effects of\u00a0Tropical Storm Isaias<\/a>. Over 675,000 Eversource and UI customers\u00a0experienced extended outages. As a result, the PURA imposed a fine on both utilities due to their poor response to the storm. This fine led to\u00a0utility bill credits<\/a>\u00a0for customers in their August electric bills. Yet, while Eversource has since\u00a0appealed the fines<\/a>, the utility has agreed to an Accountability Plan<\/a> with the state.<\/p>\n

How the Plan Helps Customers<\/h3>\n

Governor Lamont and Attorney General Tong announced the $103.4 million plan on October 1. In it,\u00a0Eversource will give customers $35 in credit for their\u00a0December and January electricity bills. The plan also sets up a new\u00a0$10 million bill repayment program. This program offers a 24-month interest-free payment plan. This makes it easy to catch up with late bills because it has no extra fees.<\/p>\n

Lastly, the plan prevents Eversource from asking for any rate increases until at least January 2023. This means changes \u00a0to the price to compare (PTC) won’t happen until after December, 2023.<\/p>\n

Eversource Operation Changes<\/h3>\n

The plan also requires Eversource to create a new CT-based president of Connecticut Light & Power. The utility will also add new seats to its board for CT representatives. This means the company’s CT operations will have more local oversight and stronger accountability.<\/p>\n

Eversource is also improving its CT-based training programs. The utility’s goal is be able to hire more local line-workers. That way, it would have more CT-based line crews ready to handle emergencies.<\/p>\n

Why Shop Electric Rates Now<\/h3>\n

The new plan isn’t a reason to relax. Customers should keep shopping for the best electric rates.\u00a0Last month, we talked about how\u00a0electricity rates<\/a>\u00a0have been rising since July. In addition to this, Eversource announced an increase in\u00a0delivery rate charges<\/a>. Most customers may see a 1.5% increase in their delivery charges.<\/p>\n

We’re also less than three months away from January’s price to compare (PTC) change. As a result, we could be looking at\u00a0high energy bills<\/a>\u00a0on the horizon. However, smart energy shopping can keep prices down. That’s because switching is now easier thanks to July’s ban on early termination fees<\/a>.<\/p>\n

What CT Customers Can Expect from the\u00a0Eversource Plan<\/h3>\n

CT customers can expect relief this month. Ratepayers can look forward to bill credits and stable PTC rates through the coming year. The interest-free repayment plan can help struggling families catch up. And, local control and oversight may create a faster response to future storms. But CT customers can still act now to save even more money in the months to come.<\/p>\n

You can also learn more about saving money and energy by comparing rates and plans at\u00a0https:\/\/www.ctenergyratings.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eversource Deal Provides Bill Credits You might recall the effects of\u00a0Tropical Storm […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mbp_gutenberg_autopost":false},"categories":[140,141,138,16,152,153,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/912"}],"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=912"}],"version-history":[{"count":20,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/912\/revisions"}],"predecessor-version":[{"id":924,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/posts\/912\/revisions\/924"}],"wp:attachment":[{"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/media?parent=912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/categories?post=912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ctenergyratings.com\/blog\/wp-json\/wp\/v2\/tags?post=912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}