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United Illuminating Residential, Small C&I Default Service Rates Falling 30%

May 17, 2024

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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The following story is brought free of charge to readers by VertexOne, the exclusive EDI provider of EnergyChoiceMatters.com

United Illuminating has filed new default service rates with the Connecticut PURA for the period July 2024 through December 2024

The July 2024 through December 2024 UI residential (Rate R) Standard Service rate will be 11.9101¢/kWh, which is 30% lower than the current UI Rate R rate of 17.0625¢/kWh. All of the Standard Service rates in this story include the updated Bypassable FMCC which is proposed to be set to 0.0000¢/kWh

The UI Rate GS Standard Service rate will decrease to 12.0647¢/kWh on July 1, 2024, which is about 30% lower versus the current rate of 17.0520¢/kWh

New Standard Service rates for July 2024 through December 2024 are as follows, in cents per kWh (for Rates LPT & GST, rates only applicable for customers under 500 kW).

UI Jul-Dec 2024 Standard Service Rates (¢/kWh)
** Rates include Bypassable FMCC **
 
Rate R:       11.9101 
 
Rate RT
  On-Peak:    14.5419 
  Off-Peak:   11.0419 
 
Rate GS:      12.0647 
 
Rate GST
  On-Peak:    14.0905 
  Off-Peak:   11.0905 
 
Rate LPT
  On-Peak:    14.1982 
  Off-Peak    11.1982 
 
Rate M:       12.4340 
 
Rate U:       12.4340 

The Last Resort Service Generation Services Charge (GSC) rates for the three-month period beginning July 1, 2024 are as follows, in cents per kWh:

Rates GST & LPT* (Above 500 kW) GSCs
 
Jul 
  On-Peak:    14.2619 
  Off-Peak:   12.0049 
Aug 
  On-Peak:    12.7899 
  Off-Peak:   11.1649 
Sept 
  On-Peak:    11.1179 
  Off-Peak:   10.4349 
 
*Rate LPT Shoulder & Off-peak price is the same

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