HARTFORD – Please be aware that our electricity prices will be surging this winter. Eversource and United Illuminating have requested approval by the Public Utilities Regulatory Authority (PURA) to increase electricity rates from 12.1 cents per kWh to 24.2 cents per kWh, and 10.62 cents per kWh to 31.94 cents per kWh, respectively, starting January 1, 2023. Please see this November 17, 2022 consumer alert from the Office of Consumer Counsel.
While this alert says rates are rising mainly because of Russia’s invasion of Ukraine, same time last year, Eversource and United Illuminating requested a rate hike then, too. See this November 4, 2021 consumer alert from the Office of Consumer Counsel. A year ago, recovery from COVID shutdowns was blamed for increased energy demand.
The fact is federal actions and policies on oil and gas do impact us directly here in Connecticut. One of President Biden’s first actions since taking office on January 4, 2021 when the average price of gasoline was $2.25, was to revoke approval for the Keystone XL pipeline and impose a moratorium on oil and gas leasing on federal lands and waters. These moves are a part of Biden’s climate agenda and his target to achieve net-zero carbon emissions for the country.
Most recently, at the United Nations Climate Change Conference (COP27), the Biden administration agreed that the US will pay climate reparations to poorer countries in the world.
Europe is ahead of the United States on aggressively pursuing a climate agenda and net-zero carbon emissions energy grid. See this op-ed entitled, “Germany’s painful lesson for U.S. climate warriors on the dangers of going green,” which highlights Germany’s reversals in energy policy. Unfortunately, for the people of Germany, these won’t prevent power cuts this winter. See this article on how the country is now bracing for widespread discontent.
Under Lamont and the Democrat majority’s plans, ignoring lessons from other countries like Germany, Connecticut is going full speed ahead towards a net-zero carbon economy. Last year, the legislature passed, and the governor signed, SB10: An Act Concerning Climate Change Mitigation that puts into law that Connecticut must be zero carbon by 2040 (I voted No on this bill because it is poor public policy that will unnecessarily force greater subsidies for expensive and unreliable energy and continue to drive up electricity prices even more in our state).
WHAT MUST HAPPEN IN CONNECTICUT:
(1) Dramatically Reduce or Remove Public Policy costs from Electric Bills
Biden’s recent “Inflation Reduction Act” created a National Green Bank to help federally fund more green energy projects. Connecticut was the first state in the country to create a “green bank.” In fact, it is exactly these “public policy” costs that MUST be dramatically reduced or removed from our electric bills and paid for out of the General Fund. This will make the politicians directly accountable for the cost increases of their policy ideas, not allowing them to push such spending off the state’s budget and onto our electric bill.