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35% Increase in United Illuminating's Summer 2023 Residential and Commerical General Service Default Service Rates | Titan Energy

Written by Titan Energy | May 22, 2023

United Illuminating (UI) residential, small C&I default service rates fall 35% from winter 2023 high, but in comparison to 2022 summer rates, prices are still high.

United Illuminating (UI) has recently submitted its revised default service rates to the Connecticut PURA, set to take effect from July 1, 2023. Let’s break down the changes to make them easier to understand:

Residential (Rate R) Standard Service Rate:

  • From July 1 to December 31, 2023, the UI residential (Rate R) Standard Service rate will be 14.3344¢/kWh. This rate is 35% lower than the current UI Rate R rate of 21.9429¢/kWh.
  • However, compared to the same period in 2022, which had rates of 10.624¢/kWh, the 2023 UI residential (Rate R) Standard Service rate is 35% higher.

It’s worth noting that all the Standard Service rates mentioned in this article include the Bypassable FMCC, which is currently zero and is expected to remain so.

As of now, there are several competitive retail suppliers listed on CT Energy Info offering fixed residential plans (not for an ultra-long duration) that are still approximately 20% lower than the new residential price to compare. Additionally, numerous suppliers are providing rates around 1¢ below the new PTC (about 7% lower than the new PTC). Keep in mind that residential supplier offers in Connecticut generally do not have early termination fees. The new UI rates were published earlier today.

General Service (GS) Standard Service Rate:

  • On January 1, 2023, the UI Rate GS Standard Service rate will decrease by 31% to 14.3668¢/kWh from the current rate of 20.9663¢/kWh.
  • However, when compared to the rates from July 1, 2023, to December 31, 2022, which stood at 10.624¢/kWh, the 2023 UI Rate GS Standard Service Rate (Rate GS) is 35% higher than the same period in 2022.

Stay informed about these rate changes and keep an eye on the evolving energy market to make well-informed decisions that best suit your energy requirements.

United Illuminating Residential and Commercial & Industrial Rates
2021 through 2023

United Illuminating
2021-Present Business Standard Service Generation Supply Rates
(cents/kWh)
Rate 2021 2022 2023
Jan.-June * July-Dec.* Jan.-June * July-Dec.* Jan.-June * July-Dec. *
Rate R 9.3694 8.0103 10.6731 10.620 21.9429 14.3344
Rate GS 9.0725 7.8593 9.9109 10.6607 20.9663 14.3668
Rate GST Peak 11.1171 9.8993 11.9008 12.6667 22.6429 16.3646
Rate GST Off-Peak 8.1171 6.8993 8.9008 9.6667 19.6429 13.3646
Rate LPT Peak 11.2149 10.0198 11.9359 12.7173 22.6163 16.4649
Rate LPT Off-Peak 8.2149 7.0198 8.9359 9.7173 19.6163 13.4649
Rate M 9.3179 6.2482 9.2262 9.0393 21.1412 14.9974 
Rate U 9.3179 6.2482 9.2262 9.0393 21.1412 14.9974
Rate GS – General Service
Rate GST General Service – Peak & Off-Peak time-of-use
Rate LPT* – Large Power Peak & Off-Peak time-of-use
Rate M – Street & Security Lighting
Rate U – Street & Security Lighting

Peak and Off-Peak time-of-use rates are charged to UI business customers taking service under Rates GST and LPT.
Peak rates are charged from 10 a.m. to 6 p.m. on weekdays or about 24% of total weekly hours.
Off-Peak rates are charged from 6 p.m. to 10 a.m. on weekdays and all weekend hours or about 76% of total weekly hours.

*Monthly demand of less than 500kW.

Sources:
Residential CT rate board (EnergizeCT): https://energizect.com/rate-board-residential-standard-service-generation-rates
Business CT rate board (EnergizeCT): https://energizect.com/rate-board-business-generation-rates
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