New Connecticut law aims to lower electric bills, but will it work?
The law will allow third-party providers to compete with local electric companies for the right to administer four energy infrastructure programs, including two electric vehicle charging initiatives.
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Jul 1, 2024, 10:59 AM
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Updated 2 days ago
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43ds agoA new law taking effect today in Connecticut could eventually help lower your electric bill, but some industry experts remain skeptical.
The law will allow third-party providers to compete with local electric companies for the right to administer four energy infrastructure programs, including two electric vehicle charging initiatives.
This comes after local electric companies expressed unwillingness to participate in these programs, citing a lack of profitability.
However, lawmakers believe the introduction of competition will ultimately benefit consumers by driving down costs.
