Eversource CT Rate Hike Coming in 2025

Key Takeaways:

• Eversource’s 2025 rate hike will raise CT residents’ energy bills by about $15/month, affecting households and businesses alike.
• The increase is driven by grid modernization, rising energy costs, and regulation compliance.
• Consumers can offset costs by shopping for competitive rates, improving energy efficiency, and adopting money-saving habits

Connecticut residents should brace for higher electricity bills in 2025, as Eversource, the state's largest energy provider, has announced plans for a rate increase. This adjustment will impact households and businesses alike, raising the cost of energy as residents face already rising costs of living. While the rate hike has drawn criticism, Eversource argues it is necessary to maintain the reliability of the electric grid and support ongoing infrastructure improvements.

Here's what the rate hike means for your energy bills, the reasons behind it, and steps you can take to offset the higher costs.

How Much Will Rates Increase?

Eversource's proposed rate hike will increase residential energy bills for their "winter rate" by approximately $15 per month for the average household. If approved, the per-kWh price will increase by 2.2 cents, from 8.99 cents per kWh to 11.19 cents per kWh for the months of January 2025 through June 2025. This translates to an estimated increase of $90 over that six-month period. The monthly increase may be even more pronounced for small business customers, depending on energy consumption.

For a typical Connecticut household consuming 750 kWh per month, the increase could push the average monthly bill above $200, depending on usage patterns. For many, this marks a significant financial strain, especially when combined with other rising expenses.

Why the Increase?

Eversource blames its proposed 2025 rate hike on higher energy procurement costs. Unlike the delivery portion of your bill, which covers the costs of maintaining and upgrading infrastructure, the supply rate reflects the actual cost of purchasing electricity on the open market. Eversource does not generate its own electricity; instead, it procures power through competitive auctions, and the fluctuating costs of these purchases are passed directly to consumers.

While these changes are subject to review by the Connecticut Public Utilities Regulatory Authority (PURA), the proposed adjustments highlight the importance of staying informed and exploring energy-saving options as utility costs continue to rise.

Eversource's proposal is currently under review by the Connecticut Public Utilities Regulatory Authority (PURA), which will assess whether the increase is justified. While Eversource defends the hike as essential, consumer advocates have expressed concern over the affordability of energy for many residents.

Am I in Eversource CT's Service Area?

Eversource serves a large portion of Connecticut, providing electricity to over 1.2 million customers across the state. If you live in one of the following countiesFairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland, or Windhamthere's a good chance you're within Eversource CT's service territory.

To confirm, you can check the Eversource service territory map, which outlines the towns and regions covered. Knowing your service provider is essential when exploring your options for competitive electricity rates or preparing for changes like the 2025 rate hike.

Tips for Saving Money on Your Energy Bill

Even with the upcoming rate hike, there are several steps you can take to lower your energy costs and reduce the impact on your monthly budget.

1. Shop for a Competitive Rate

Connecticut residents live in a deregulated energy market, meaning you have the option to choose your electricity supplier. By comparing rates on platforms like ElectricityRates.com, you may find a plan with a lower supply rate than Eversource's default offering. Switching providers is often straightforwardfor example, just entering your zip code to see your options and could lead to significant savings over time.

2. Invest in Energy-Efficient Appliances

Older appliances often use more electricity than their modern, energy-efficient counterparts. If you've been putting off upgrading appliances like refrigerators, washing machines, or HVAC systems, now might be the time. Look for appliances with the ENERGY STAR label indicating high energy efficiency.

3. Install a Smart Thermostat

Smart thermostats help optimize your home's temperature settings and reduce energy waste. A smart thermostat can significantly lower heating and cooling costs by automatically adjusting the temperature when you're not home or sleeping. Many models also allow remote control via smartphone apps, adding convenience.

4. Seal Drafts and Improve Insulation

Heat loss through drafty windows, doors, and poorly insulated walls can force your heating system to work harder, increasing energy consumption. Sealing drafts with weatherstripping or caulking and adding insulation to key areas can help you maintain a comfortable indoor temperature while using less energy.

5. Take Advantage of Off-Peak Rates

Eversource offers time-of-use pricing plans that charge lower rates during off-peak hours. If your schedule allows, shifting activities like laundry, dishwashing, and charging electronics to off-peak times can help you save money.

6. Consider Renewable Energy Options

Some third-party suppliers offer renewable energy plans that could lock in a stable rate while reducing your environmental impact. Solar power is another option; Connecticut offers incentives for installing solar panels, which can help offset upfront costs and provide long-term savings.

7. Monitor and Reduce Energy Use

Simple changes in your daily habits can also lower your energy consumption. Turn off lights when leaving a room, unplug electronics when not in use, and use energy-saving settings on appliances. Small changes add up over time and can make a noticeable difference on your bill.

8. Take Advantage of Energy Assistance Programs

If you’re struggling to manage your energy bills, Eversource offers several assistance programs designed to ease the financial burden for eligible customers. These programs can provide substantial relief and are worth exploring:

• Matching Payment Program: This program helps lower the amount you owe on your energy bill. For every dollar you pay and every dollar you receive through the Connecticut Energy Assistance Program, Eversource matches it with a dollar reduction on your bill. This can significantly reduce your outstanding balance over time.
• Electric Bill Discount: Customers who qualify as having a financial hardship status may be eligible for a discount on their monthly electric bill. Depending on household income or participation in public assistance programs, customers can receive a 10% or 50% discount. For example, if your monthly bill is $100, the discount could reduce it to $90 or even $50, depending on your eligibility.

To learn more about these programs or apply, visit Eversource's payment plans and assistance programs page or contact their customer service team. Taking advantage of these resources can make a meaningful difference, particularly as energy rates rise.

What's Next?

Eversource's proposed rate hike is slated to take effect in early 2025, pending PURA's approval. While the utility argues the increase is necessary to maintain and improve the electric grid, many Connecticut residents remain concerned about affordability. As the review process unfolds, it's crucial for consumers to stay informed and take proactive steps to manage their energy costs.

By shopping for competitive rates, improving energy efficiency, and adopting cost-saving strategies, you can minimize the impact of higher energy prices on your household budget. Visit ElectricityRates.com to explore your options and find an energy plan that works for you. In the face of rising energy costs, taking control of your electricity bill has never been more important.