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Commissioner Predicts Lower Energy Prices

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Daniel Esty (Courtesy Yale University)

Daniel Esty (Courtesy Yale University)

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HARTFORD, Conn. (AP) _ The head of the soon-to-be-established
Department of Energy and Environmental Protection says Connecticut
ratepayers should begin to see the cost of energy fall in six
months to a year.

Daniel Esty says in an interview with The Associated Press on
Monday that he expects a “measurable rate reduction” as a result
of state legislation enacted earlier this month bringing the state
deeper into the purchase of electricity.

Esty did not say how much he expects rates to fall. A spokesman
for Connecticut Light & Power says rates for power generation will
likely drop 5 percent to 10 percent in January 2012. Electricity
rates already are lower this year from 2010 due to falling natural
gas prices.

State legislators say high electricity costs have been a top
complaint among constituents.

     (Copyright 2011 by The Associated Press.  All Rights Reserved.)

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