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UI Officially Announces 20% Drop in Default Service Rate On July 1

June 30,2017



United Illuminating officially announced a decrease in the Standard Service rate effective July 1

UI’s Standard Service generation rate for residential Rate R customers will fall from 9.2641 cents per kilowatt-hour to 7.5998 cents per kilowatt-hour.

UI also offers a “time-of-use” rate, Rate RT, which provides a discount for electricity consumed during off-peak hours — 8 p.m. to midnight, and 24 hours on weekends. As of July 1, the on-peak Standard Service generation rate under RT will be set at 10.1602 cents per kilowatt-hour, and the off-peak generation rate will be 6.6602 cents per kilowatt-hour.

UI’s Standard Service generation rates are adjusted every six months, on Jan. 1 and July 1, to reflect changes in the price of electricity in the wholesale market. UI said that generation rates are typically lower in the second half of the year.

Tags:
Price to Compare   Default Service   Connecticut   United Illuminating  

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