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Connecticut Electricity Rates Drop 14%, May 1st

Connecticut PURA approved an interim decision on April 22, 2026 reducing residential electricity rates by approximately 14% starting May 1, 2026, with Eversource customers saving roughly $30 per month (4.3 cents/kWh) and United Illuminating customers saving approximately $34 per month (4.9 cents/kWh). The rate reduction stems from nuclear contracts with Millstone and Seabrook plants, state legislation (Public Act 25-173), and bond funding that converted the public benefits charge from a cost to a credit through at least September 2026.

Eversource UI Electric Rates Decrease May 1 2026

PURA conditionally approves decreased electric rates for Eversource Energy and United Illuminating (UI) effective May 1, 2026 through April 30, 2027 in PURA Dockets 26-01-03 and 26-01-04. Eversource residential customers will see a decrease of 4.3 cents per kilowatt-hour, averaging about $30 less per month; UI residential customers will see a decrease of 4.9 cents per kilowatt-hour, averaging about $34 less per month. The reductions are driven by lower public benefits charges tied to Millstone and Seabrook nuclear energy contracts and decreased hardship protection costs including uncollectible debt and arrearage forgiveness programs. A prudence review of actual revenues and expenses may result in further adjustments effective September 1.