Most electricity consumers in Connecticut are getting a rate increase on Jan. 1. That’s because state regulators approved higher rates for Connecticut Light and Power and United Illuminating today.
The reason for the increase is because the cost of getting natural gas to electricity power plants has been rising due to limited pipeline capacity, said Dennis Schain, a spokesman for the Public Utility Regulatory Authority.
Frigid cold temperatures this week means a lot of folks are cranking up the thermostats in their homes. And it turns out one result of that has been a spike in the cost of natural gas, and an increase in the amount of oil and oil used for electricity generation. Jan Ellen Spiegel of the Connecticut Mirror explained what’s happening to WSHU’s Mark Herz.
Read Jan Ellen Spiegel's story in the Connecticut Mirror here.