CL&P Rates: Why energy costs are rising and what we're doing about it.

Everyone knows that energy costs are rising at an alarming rate. But you may not know how Connecticut Light and Power is trying to control them.

We don’t set the price for electricity; we deliver it. As a result of deregulation, CL&P doesn’t own any generating plants. We buy electricity at market rates and deliver it to you. Because of the high cost of fuel needed to generate electricity, the price we pay for your energy is higher than ever.

We’re doing everything we can to keep your costs down. In fact, we’ve already saved our customers nearly $100,000,000. How? By negotiating with electricity suppliers for the best rates. Locking into lower prices by buying electricity in advance. And by offering innovative and effective energy conservation ideas to homes and businesses. Plus, we’re investing more than $2 billion over the next five years in the state’s electrical infrastructure so we can have ready access to cheaper power and deliver energy more efficiently across the state.

How long will energy costs keep rising? Nobody knows for sure. What’s certain is CL&P’s commitment to keep them under control.

How CL&P helps control your energy costs.

ACTIONS	SAVINGS
Conducts competitive bids and manages transmission congestion to secure the best possible market prices	$77 million
Contested ISO-New England pricing structure that unfairly penalized Connecticut customers	Potentially $1 billion over next 10 years
Actively promotes conservation programs and works with customers to manage energy costs	$23 million annually in electric energy costs