Connecticut's State Bond Commission approved a second round of state funding to extend discounts on residential electric bills through at least April 30, 2027. The commission released $125 million for utility affordability programs and $20 million for electric vehicle charging infrastructure.
The reduction in public benefits costs—the portion of bills covering electricity procurement, energy efficiency programs, low-income assistance, and grid operations—has appeared as a bill credit since May 2026. Combined with prior funding and profitable nuclear contracts, residential bills have dropped an average of 18 percent in 2026, according to the Governor's office.
A first round of funding, approved in August 2025, included $125 million for low-income assistance and $30 million for EV charging infrastructure, enabling a rate reduction that took effect in September 2025.
Connecticut's nuclear power contracts with Millstone and Seabrook plants, which lock in fixed energy prices, have saved ratepayers more than $250 million in 2025 and $280 million so far in 2026, state officials said. Governor Lamont said the state has also blocked utilities from passing lobbying costs to ratepayers, imposed penalties for unmet performance standards, and supported renewable energy including the now-operational Revolution Wind offshore wind farm.