Electricity rates in Connecticut went up an unprecedented 88% to 100% on January 1, 2023. While that crisis has passed, Connecticut electricity bills continue to be some of the highest in the country. Since electricity rates for your utility change twice a year, it makes sense to monitor rates and consider locking in a low fixed rate for your home or business in Connecticut.
Shop Residential Electricity Rates in Connecticut
Current Electric Utility Rates in Connecticut
Utility rates in Connecticut change twice a year, on January 1 and July 1. You can view a rate history for each utility below.
Eversource Connecticut Rate History
Why are Connecticut Electric Utility Rates so High?
High natural gas prices are a global issue, the result of supply, demand and geopolitical issues. With Russia’s invasion of Ukraine, more natural gas is going overseas as Liquified Natural Gas (LNG). That makes domestic natural gas prices more expensive.
And since over 50% of power plants in New England use natural gas to generate power, the price of power jumped in early 2023.
Eversource and UI offer a standard service rate that’s set based on their cost to buy wholesale electricity. By law, these utilities purchase their electricity twice a year in an auction process. And they pass 100% of their costs to consumers.
Connecticut utilities can’t buy ahead of time, buy long term electricity contracts or undertake different purchasing initiatives.
That’s why you should consider shopping for an alternative supplier to get the best rate.
Shop for a Supplier to Get a Lower Electricity Rate in Connecticut
Utilities can’t buy ahead in the electricity market. They are forced to buy electricity at the current rates.
But suppliers have options. And that’s why they can offer you a fixed rate plan that’s lower then the utility rate.
Fixed rate electricity plans are based on what’s called “hedging.” Suppliers purchase longer term electricity contracts and get better prices than what the utility can get right now.
These plans give you a cheaper rate versus the standard service offer.
And if the utility rates drop again in July? Early termination penalties are low, if any. You can always cancel and go back to the utility.
New to electricity shopping? Read our article on how to shop for electricity in Connecticut.
Shop Electricity Rates in Eversource Connecticut Area
| Eversource’s residential Price to Compare for the generation supply portion of your bill is 11.190¢/kWh from January 1, 2025 – June 30, 2025. Compare that to the supplier rates below. | ||||
| Plan Name | Term | Rate/kWh | ||
|---|---|---|---|---|
| Think Basic 6 | 6 | 9.39 ¢ | ||
| Constellation 7 Month Home Power Plan | 7 | 9.78 ¢ | ||
| Direct Energy Live Brighter 7 | 7 | 12.19 ¢ | ||
| Think Simple 12 | 12 | 12.50 ¢ | ||
| Direct Energy Live Brighter 24 | 24 | 12.59 ¢ | ||
| Direct Energy Live Brighter 12 | 12 | 12.69 ¢ | ||
| Think Simple 36 | 36 | 12.90 ¢ | ||
| Direct Energy Live Brighter 31 | 31 | 13.09 ¢ | ||
Shop Electricity Rates in United Illuminating (UI) Area
| United Illuminating (UI)’s residential Price to Compare for the generation supply portion of your bill is 13.5683¢/kWh from January 1, 2025 – June 30, 2025. Compare that to the supplier rates below. | ||||
| Plan Name | Term | Rate/kWh | ||
|---|---|---|---|---|
| Think Basic 6 | 6 | 10.02 ¢ | ||
| Constellation 7 Month Home Power Plan | 7 | 10.18 ¢ | ||
| Think Simple 12 | 12 | 12.50 ¢ | ||
| Direct Energy Live Brighter 7 | 7 | 12.89 ¢ | ||
| Think Simple 36 | 36 | 12.90 ¢ | ||
| Direct Energy Live Brighter 24 | 24 | 13.19 ¢ | ||
