The state Bond Commission approved $155 million to pay for some public benefits charges in what officials say is the first step toward bringing down energy prices.

The savings is reflected in lower electricity rates that were approved on July 1. Officials estimate it could save the average customer roughly $10 per month.

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“I think we’re making progress,” Gov. Ned Lamont (D-Connecticut), who chairs the Bond Commission, said after the meeting. “We listened to the rate payers. I heard them loud and clear.”

The bonding will pay for $125 million in unpaid bills from the pandemic and $30 million for electric vehicle charging stations.

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