WALLINGFORD — The average Electric Division customer will see a savings of roughly $7.81 on power bills for the next six months, thanks to the most recent power cost adjustment.
The PCA is a variable measured in a positive or negative fraction of a cent paid per kilowatt hour of energy used that reflects fluctuations in the cost of wholesale power.
The adjustment is applied equally for residential, commercial, and industrial customers and is included on each monthly electric bill.
The Public Utilities Commission sets the PCA every six months after a recalculation, and decides whether to pass those costs onto customers or use reserves to absorb the additional expense.
Commissioners generally elect to set the PCA to zero and use the Electric Division’s cash holdings to avoid the rate hike, and refunded money to ratepayers with the last PCA in December 2019.
The commissioners discussed the most recent recalculation on June 16, which covers the second half of 2020. It showed a decrease of $0.013159 per kilowatt hour for Wallingford and Northford customers.
The next readjustment vote, scheduled for December, covers the first half of 2021.