The new year means a new hit to your wallet –
much higher electric bills. On Tuesday, one utility warned regulators from
Connecticut and two other states that long-term solutions may be years away.
Starting this month,
Eversource and United Illuminating bills could go up an average of
$80 until June. It’s a higher supply
charge that reflects what both utilities pay for electricity on the open
market.
In a virtual information session, Connecticut’s Public Utility Regulatory
Authority joined counterparts from Massachusetts and New Hampshire to
investigate the price hike. All sides agreed New England relies too heavily on
natural gas – and thanks to the war in Ukraine, that’s gotten very expensive.
Natural gas now makes up more than half of New
England’s power supply, after the region shifted away from coal-fired power
plants to combat climate change. Connecticut’s last coal plant, in Bridgeport,
closed in 2021. Gov. Ned Lamont has hailed natural gas as a “bridge” to cleaner
energy sources like wind, solar and hydroelectric power from Canada. But
Eversource warned regulators that New England will still be heavily reliant on
natural gas for at least another decade.
"The bottom line is that our current
regional power supply price increase is a direct result of our region's
over-dependence on a single fuel for electricity generation – natural gas,”
said Claire Coleman, Connecticut’s state consumer counsel.
In Connecticut, Eversource’s supply charges are going up 100%. In
Massachusetts, it's 43%. In New Hampshire, they jumped 105% in August 2022. But
here's some hopeful news: next month, Granite State rates are dropping 11%.
New Hampshire’s state consumer advocate said it’s
little comfort for residents.
"Frankly, Granite
Staters are 'storming the Bastille' with torches and pitchforks,” said
consumer advocate Donald Kreis.
Connecticut’s 2023 legislative session begins
Wednesday. Some lawmakers want changes to how utilities buy electricity on the
open market.
"I find it inexplicable, how a company as
large as, and with the purchasing power of Eversource, has seen their standard
rate increase more than any electric company in Connecticut,” said state
Sen. Bob Duff (D-Norwalk), the Senate Democratic leader.
Others are worried about
something more serious – having enough electric supply to avoid rolling
blackouts in an extended cold snap. Even some Democrats believe more natural
gas production may be needed in the short term.
"At this point all things are on the table, as
far as I'm concerned,” said state Sen. Norm Needleman (D-Essex), co-chair of
the legislature’s Energy and Technology Committee. “Because as a state senator
representing 100,000 people, I am not comfortable putting my residents
at risk."