Senate approves variable rate ban to protect residential electric consumers

HARTFORD, Conn. – It is now up to the House to decide if Connecticut will become the first state in the country to ban variable-rate electricity contracts.

A bill to address deceptive and unpredictable billing practices unanimously passed the Senate Wednesday. The bipartisan measure would prevent retail electric suppliers from both entering into variable rate contracts and from automatically renewing them.

According to the bill analysis, the bill would not prohibit suppliers from charging month-to-month variable rates as long as certain notice requirements are met.

See the complete story at CT News Junkie.