Eversource Energy News
Staying up-to-date with news from Eversource Energy is vital for both residential and commercial customers. One primary reason is rate changes, which can significantly impact energy bills. Eversource frequently adjusts its electricity and natural gas rates, and by keeping informed, customers can anticipate fluctuations in their monthly expenses and adjust their energy consumption accordingly. This is especially critical for businesses that rely on consistent energy costs to manage their budgets effectively.
Eversource Energy typically adjusts its electricity supply rates twice a year:
- January 1: This is when the first adjustment of the year takes place.
- July 1: This is the mid-year adjustment.
These rate changes reflect fluctuations in market conditions, fuel costs, and other factors influencing electricity supply prices. By adjusting rates biannually, Eversource ensures that customers are billed at rates that reflect current market conditions.
Additionally, Eversource often provides updates on service reliability, including scheduled maintenance, power outages, and recovery efforts during major storms. Staying informed allows customers to prepare for disruptions and remain aware of how the utility is working to restore service. Beyond service updates, Eversource also introduces various energy efficiency programs and sustainability initiatives, such as rebates for energy-efficient appliances or renewable energy adoption. Reading the latest news can help customers take advantage of these opportunities to save money while contributing to a more sustainable future.
Eversource Energy News
- Eversource, UI File Similar Rate Requests For 1st Half Of 2025 - Patch November 19, 2024Eversource, UI File Similar Rate Requests For 1st Half Of 2025 Patch
- Face the Facts: UI explains proposed electric rate increase - NBC Connecticut November 17, 2024Face the Facts: UI explains proposed electric rate increase NBC Connecticut
- Eversource Asks for a Rate Increase Starting January 1 - CT Examiner November 16, 2024Eversource Asks for a Rate Increase Starting January 1 CT Examiner
- Happy holidays Connecticut, your Eversource electric bill is going up again - FOX61 Hartford November 16, 2024Happy holidays Connecticut, your Eversource electric bill is going up again FOX61 Hartford
- Many CT residential electric bills are going to go up again. Here’s why. - Hartford Courant November 15, 2024Many CT residential electric bills are going to go up again. Here’s why. Hartford Courant
- Eversource filed its 2025 rate plan. Here's how much your electric bill will increase. - CT Insider November 15, 2024Eversource filed its 2025 rate plan. Here's how much your electric bill will increase. CT Insider
- Eversource plans to lower winter rates, but bills are still going to go up. Here’s what you need to know - WTNH.com November 15, 2024Eversource plans to lower winter rates, but bills are still going to go up. Here’s what you need to know WTNH.com
- Eversource Files Early 2025 Rate Plan. What Will CT Residents Pay? - Patch November 15, 2024Eversource Files Early 2025 Rate Plan. What Will CT Residents Pay? Patch
- Eversource breaks down its winter rates - Eyewitness News 3 November 15, 2024Eversource breaks down its winter rates Eyewitness News 3
- Eversource files 2025 rate plan. Here's how much your electric bill will increase. - Torrington Register Citizen November 15, 2024Eversource files 2025 rate plan. Here's how much your electric bill will increase. Torrington Register Citizen
Eversource Energy Commercial Energy Pricing: Current Rates and Historical Overview
Eversource Energy, a leading electricity provider in Connecticut, offers commercial energy services to businesses across the state. Connecticut's deregulated market allows businesses to choose their electricity supplier, making it important to stay updated on Eversource's commercial pricing and trends. Electricity News explores Eversource’s current commercial energy pricing, historical data, and projections for the future.
Current Commercial Energy Pricing (2024)
As of mid-2024, the commercial energy pricing from Eversource Energy has fluctuated slightly depending on peak and off-peak times. Below are the latest rates for small and large commercial customers:
- Small Commercial & Industrial (On-Peak): 10.369 cents per kWh
- Small Commercial & Industrial (Off-Peak): 8.435 cents per kWh
- Large Commercial & Industrial (On-Peak): 10.833 cents per kWh
- Large Commercial & Industrial (Off-Peak): 9.532 cents per kWh
These rates reflect the changing energy market and are revised bi-annually to ensure accuracy based on supply and demand trends.
Historical Eversource Energy Commercial Rates (2014-2023)
Over the past decade, Eversource Energy’s commercial electricity rates have seen consistent increases due to various market factors. Here’s a summary of the average rates for commercial customers over the last ten years:
Chart: Historical Rates (2014-2023)
Here is a visual representation of the historical rates for Eversource Energy’s commercial accounts between 2014 and 2023. The steady increase in rates highlights the rising cost of electricity for businesses in Connecticut. I will now generate a graph for this data.
| Year | Small Commercial & Industrial (On-Peak) | Small Commercial & Industrial (Off-Peak) | Large Commercial & Industrial (On-Peak) | Large Commercial & Industrial (Off-Peak) |
|---|---|---|---|---|
| 2024 (June 28) | 10.369 cents/kWh | 8.435 cents/kWh | 10.833 cents/kWh | 9.532 cents/kWh |
| 2023 (June 30) | 14.208 cents/kWh | 10.920 cents/kWh | 14.295 cents/kWh | 11.709 cents/kWh |
| 2022 (June 30) | 13.517 cents/kWh | 6.373 cents/kWh | 12.326 cents/kWh | 6.268 cents/kWh |
| 2021 (June 30) | 9.223 cents/kWh | 5.713 cents/kWh | 10.347 cents/kWh | 6.132 cents/kWh |
| 2020 (June 30) | 9.323 cents/kWh | 6.296 cents/kWh | 8.561 cents/kWh | 5.011 cents/kWh |
| 2019 (June 30) | 9.987 cents/kWh | 6.311 cents/kWh | 8.171 cents/kWh | 5.503 cents/kWh |
| 2018 (June 30) | 11.888 cents/kWh | 7.448 cents/kWh | 10.569 cents/kWh | 6.454 cents/kWh |
| 2017 (June 30) | 10.436 cents/kWh | 5.811 cents/kWh | 9.977 cents/kWh | 5.890 cents/kWh |
| 2016 (June 30) | 8.984 cents/kWh | 6.158 cents/kWh | 8.477 cents/kWh | 5.998 cents/kWh |
| 2015 (June 30) | 8.886 cents/kWh | 7.343 cents/kWh | 8.662 cents/kWh | 7.553 cents/kWh |
| 2014 (June 30) | 8.569 cents/kWh | 6.019 cents/kWh | 8.240 cents/kWh | 6.062 cents/kWh |
Projected Future Rates (2024-2028)
Based on current market conditions and trends, Eversource Energy’s commercial electricity rates are expected to rise over the next five years. Here is a projected rate overview:
| Year | Projected Rate (cents per kWh) |
|---|---|
| 2024 | 10.50 |
| 2025 | 10.80 |
| 2026 | 11.10 |
| 2027 | 11.40 |
| 2028 | 11.70 |
