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It's complicated: UI’s default Standard Service generation rate for residential Rate R customers will fall from 9.2641 cents per kilowatt-hour to 7.5998 cents per kilowatt-hour.
For a typical UI residential customer using 700 kilowatt-hours a month, that means a savings of about $11.65 per month.
UI also offers a “time-of-use” rate, Rate RT, which provides a discount for electricity consumed during off-peak hours — 8 p.m. to midnight, and 24 hours on weekends. As of July 1, the on-peak Standard Service generation rate under RT will be set at 10.1602 cents per kilowatt-hour, and the off-peak generation rate will be 6.6602 cents per kilowatt-hour.
UI’s Standard Service generation rates are adjusted every six months, on Jan. 1 and July 1, to reflect changes in the price of electricity in the wholesale market. Generation rates are typically lower in the second half of the year.
UI customers can compare competing generation rate offers from alternate suppliers by visiting EnergizeCT.com, or by calling 800-382-4586.
UI serves 17 towns in the greater Bridgeport and New Haven areas. In Fairfield County the towns are Bridgeport, Easton, Fairfield, Shelton, Stratford and Trumbull.
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