Connecticut 3rd Highest Electric Rate Nationwide.

By
Real Estate Broker/Owner with DMK Real Estate Ct RE Broker 0789963

Connecticut 3rd Highest Electric Rate Nationwide.

The U.S. Energy Information Administration (EIA) “Electric Power Monthly” reports released last month for May 2014 shows that Connecticut has the third highest residential electric rate nationwide at an average of 20.18 cents per Kilowatt hour. In contrast Washington State has the lowest rate at 8.93 cents per Kilowatt hour.

2014 Average Electric Rates

Year to year New England has had the highest price hike of 11.31% and the Pacific Contiguous (California, Oregon, Washington) has had the lowest increase of 1.69%.

Out of the end-use sectors residential, commercial, industrial and transportation the residential sector accounts for the majority of sales and still pays the most cents per Kilowatt hour for electricity.

To read the full 222 page report by the EIA click here and additional information at Builder Housing Data Average residential electric bills.

 

 

 

 

 

Posted by

David Popoff
Connecticut Licensed Real Estate Broker
Realtor® Green
Seller Representative Specialist
Accredited Buyer Representative
candidate
LEED AP Homes

 

DMK Real Estate, Darien, CT.
Cell (203) 228-0646
DMKrealestate.com

 

 

 

DMK Realty, 06820 

 

 

 

 

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Rainmaker
1,821,785
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Well David, Rhode Island is not far behind...this is a great share for people in CT to know.

Aug 23, 2014 12:09 AM #1
Ambassador
2,758,110
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I'm obsessive when it comes to using electricity. 

It pays. 

Aug 23, 2014 12:39 AM #2
Rainmaker
901,904
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct
Might be time to look into solar pv for homes.......
Aug 23, 2014 02:19 AM #3
Ambassador
740,682
Courtney Cooper
Cooper | Cartwright - Seattle, WA
206-850-8841

Good morning - good information to get out there, for sure - wowsers!  have a nice weekend!

Aug 23, 2014 04:47 AM #4
Rainmaker
2,706,962
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello David,

Yikes, that is a big slice out of consumers budgets each month.

Aug 23, 2014 12:11 PM #5
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi David.  We are so dependent on our energy needs from outside the region.

Aug 23, 2014 08:28 PM #6
Rainmaker
1,361,733
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

David, I used to think that Alabama was high, but just went on line and saw that we were #26 in 2011, but according to your 2014 chart we are now #21...we are improving.

Aug 24, 2014 06:32 AM #7
Rainmaker
351,165
ReadySetLoan Condo Approval Team
ReadySetLoan Condo Team LLC - South Windsor, CT
The FHA/VA Condo Project Approval Specialists

HI David - and it's going to go up even more!  CL&P sent out a notice that they are increasing rates (possibly twice) in the next year to cover the storm clean-up costs from 2011.  The truth is that they had been neglecting the lines and line clearances for years yet still charging these high rates.

By the way, it is interesting that 2 of the top 4 highest rate states are not even part of the contiguous 48 states.

Aug 26, 2014 12:02 AM #8
Anonymous
kelsey

I wonder why their rates are so high in that area. My sister has notice that her bill has actually gone down over the last couple months. It might be because she had a couple kids move out off to college but I wonder if her rate has actually gone down. http://ctenergysavings.com

Feb 03, 2015 04:59 AM #9
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Rainmaker
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David Popoff

Realtor®,SRS, Green ~ Fairfield County, Ct
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