Eversource Raised Rates…Again
Understanding Eversource’s Rate Increases and the Benefits of Solar Energy
Eversource Energy, Connecticuts largest utility provider, has adjusted its electricity supply rates over the years, reflecting changes in market conditions, regulatory mandates, and operational costs. As of January 1, 2025, the standard service rate is 11.19 cents per kilowatt-hour (kWh), up from 8.99 cents per kWh in the previous six months.
On Friday, Eversource officials broke down its winter rates as it filed its standard, biannual supply rate adjustment with PURA. While it’s a decrease compared to last year, customers can expect to see a bump in their bills.https://t.co/BqyuUmefdo pic.twitter.com/P0DIvFWjtd
— WTNH News 8 (@WTNH) November 15, 2024
Historical Rate Trends
Examining Eversource’s rate history provides insight into the volatility of electricity costs. Here’s a breakdown of the standard service generation rates for residential customers over the past few years:
January 1 – June 30, 2023: 24.17 kWh
July 1 – December 31, 2023: 13.822 kWh
January 1 – June 30, 2024: 14.714 kWh
July 1 – December 31, 2024: 8.995 kWh
January 1 – June 30, 2025: 11.19 kWh
These fluctuations highlight the unpredictable nature of electricity pricing, influenced by factors such as fuel costs, supply and demand dynamics, and regulatory changes.
The Case for Solar Energy
Given the variability in traditional electricity rates, many homeowners are turning to solar energy as a stable and cost-effective alternative. Benefits include:
1. Cost Savings: By generating your own electricity, you can reduce or eliminate monthly utility bills.
2. Energy Independence: Solar power lessens reliance on the grid, protecting you from future rate increases.
3. Environmental Impact: Solar energy is a clean, renewable resource that reduces your carbon footprint.
4. Property Value: Homes with solar installations often see increased property values.
Take Control of Your Energy Future
As utility rates continue to fluctuate, now is an opportune time to consider transitioning to solar energy. By doing so, you can achieve long-term financial savings and contribute to a more sustainable future.
If you’re interested in exploring solar options for your home, contact us today for a free consultation. Our team of experts is ready to help you navigate the switch to clean, cost-effective energy.
Note: For a comprehensive view of Eversource’s historical rates, please refer to their official resources or the Connecticut Public Utilities Regulatory Authority (PURA) announcements.
