Connecticut Residents Brace For Higher Electric Rates
HARTFORD, CT (WCBS 880) - Just as everyone is turning on their air conditioners comes word that natural gas prices may push up the wholesale cost of electricity by 22 percent.
That news is especially harsh for Connecticut, which pays among the highest electric rates in the nation.
Eric Brown, counsel for the Connecticut Business and Industry Association says the numbers come directly from the Federal Energy Regulatory Commission.
“Right now, we’re looking at a pretty significant spike for the summer,” he told WCBS 880 Connecticut Bureau Chief Fran Schniedau.
He says consumers and businesses can ease the pain a bit by entering into contracts with electricity suppliers.
WCBS 880 Connecticut Bureau Chief Fran Schneidau With Eric Brown
“It’s definitely worth the effort to lower your energy options and get the best deal you can,” he said.
Electricity costs about 20 percent more in Connecticut than in nearby states.