Republican Proposals to Reduce Energy Rates
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HARTFORD – In response to the recent announcement of steep electric rate hikes, Connecticut House and Senate Republicans recently unveiled a set of policy goals focused on bringing long-term rate reduction, long-term stability, and relief for consumers.
Rep. Bronko joined his colleagues at the Capitol to share a list of proposals focused on the reduction of future electric bills.
Those proposals include:
- Provide relief to ratepayers by using unspent ARPA money to pay down the portion of the proposed Revenue Adjustment Mechanism adjustment (RAM) that is attributed to arrearages as a result of the shut off moratorium.
- Separate the Department of Energy and Environmental Protection (DEEP) and the Public Utilities Regulatory Authority (PURA)
- Study removing public policy charges off of ratepayer bills and into the budget
- Study ways to increase natural gas supply in the New England region
- Limit all future Power Purchase Agreements so that no contract can be for more than 100% over the wholesale electric market price
- Redefine Class I renewable energy sources to include all forms of hydropower and all nuclear power to lower the cost of these energy sources and bring relief for ratepayers
To learn more about these proposals, you can watch the press conference here.