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Eversource Energy
Eversource Standard Service Customers in Connecticut to See Slight Increase in Energy Supply Price



May 15, 2017

Eversource customers in Connecticut who are signed up for the company's Standard Service generation rate will see a slight increase on their electric bill beginning July 1.  The Public Utilities Regulatory Authority (PURA) approved the new residential Generation Service Charge (GSC) of 8.01 cents per kilowatt-hour (kWh), up from the current 7.87 cents per kilowatt-hour.  The increase is primarily due to higher energy prices being driven by a reduction in the number of electric generation facilities available in the region.

"This slight increase is a direct reflection of the energy price volatility we're seeing in New England and more proof of the need for new energy infrastructure in the region," said Penni Conner, Senior Vice President and Chief Customer Officer at Eversource.  "We're reminding customers we offer a variety of energy efficiency programs that can help them save energy and money year-round, along with convenient monthly payment options."

The new generation rate will be in effect from July 1 to December 31.  On average, a residential customer who uses 700 kilowatt hours of electricity each month will see an increase of approximately $0.98 per month on the supply portion of their Eversource bill.  How much a customer actually pays will depend on how much energy is used, their rate category, and weather conditions.

As a regulated energy distribution company, Eversource purchases electricity from wholesale suppliers on behalf of its customers and passes the cost directly to them with no profit to the company.  By state law, the Standard Service price changes twice a year, on January 1st and July 1st.  All Eversource customers have the option to buy their power from other retail suppliers or go with the company's Standard Service rate.  Customers can find out more information about alternate suppliers and rates at http://www.energizect.com/compare-energy-suppliers.

Eversource offers a wide variety of energy efficiency programs that can help customers reduce their power use and save money year-round.  One of the best ways to discover what efficiency measures are needed in any home is to sign up for the Home Energy Solutions home energy improvement service.  Customers can also take advantage of generous energy efficiency rebates and incentives.  Information on the many energy saving programs available can also be found at www.energizect.com.


Eversource (NYSE: ES) transmits and delivers electricity to 1.2 million customers in 149 cities and towns and provides natural gas to 229,000 customers in 72 communities in Connecticut. Recognized as the top U.S. utility for its energy efficiency programs by the sustainability advocacy organization Ceres, Eversource harnesses the commitment of its approximately 8,000 employees across three states to build a single, united company around the mission of safely delivering reliable energy and superior customer service. For more information, please visit our website (www.eversource.com) and follow us on Twitter (@EversourceCT) and Facebook (facebook.com/EversourceCT).

Contacts:
Tricia Modifica
(860) 6654605
tricia.modifica@eversource.com

Mitch Gross
(860) 665-5221
mitch.gross@eversource.com

For more information:

Organization:
Eversource Energy

Address:
107 Selden St
Berlin, Connecticut
United States, 06037
www.eversource.com


Link http://www.electricenergyonline.com/detail_news.php?ID=637693
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