It is on pace to be a pricey summer for electricity costs creating a new headwind for U.S. households already grappling with inflation.
Utility companies are already issuing warnings to customers ahead of the summer months.
For instance, in Connecticut, the current rate is 11.57 cents per kWh. The proposed rate would be pushed up to 12.19 cents per kWh, pending approval. Workers with Southern California Edison replace a transformer on Holt Street in Santa Ana, CA on Friday, September 10, 2021.
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