Commissioner Predicts Lower Energy Prices
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
State legislators say high electricity costs have been a top
complaint among constituents.
(Copyright 2011 by The Associated Press. All Rights Reserved.)