Deregulation costing Connecticut consumers
Deregulation is costing Connecticut customers – big time.
HARTFORD — Connecticut’s attorney general and consumer advocate warned electricity customers on Thursday about price spikes by some power suppliers that are nearly double what the two regulated utilities are charging.
Attorney General George Jepsen and Consumer Counsel Elin Swanson Katz said thousands of customers are being charged 17 cents per kilowatt hour and some nearly 25 cents per kilowatt hour. Connecticut Light & Power customers pay 9.2 cents and United Illuminating Co. charges its customers 9 cents per kilowatt hour.
The article continues:
Dawn Moran, a Discount Power customer who lives in Meriden, said Thursday she was told her rate was fixed but her most recent bill charged her 23 cents a kilowatt hour, nearly three times the 8 cents she was previously paying. Her monthly bill skyrocketed to $435, up from $191 last month, she said.
“How can they justify doing that?” she asked.
Connecticut Consumer Counsel Elin Swanson Katz said deregulated customers could pay about $100 more each month compared to the state’s regulated utilities:
“What’s the benefit to the consumer of paying more for the very same electricity they can get from their electric company or another supplier for less money?” she said.