Utilities and Providers
Connecticut is home to a number of large electric distribution companies, which supply energy to businesses and homes across the state. These companies are responsible for constructing and maintaining power lines as well as responding to outages and ensuring that consumers get the power they require.
However, many don’t realize that they can also look for alternative electricity providers to obtain low prices on their electric supply. This market was established in 1998, when Connecticut removed the electric utilities from regulation.
Eversource, previously Connecticut Light & Power or CL&P, serves the majority of Connecticut’s electricity consumers. United Illuminating is another smaller utility.
Both utilities have the same billing system for generation. This is paid for by licensed suppliers that act as aggregators. This is referred to as consolidated billing and you will receive one bill for both delivery and generation.
According to the state regulators Eversource and united illuminating propose to double the “cents-per-kilowatt hour price” of electricity from January 1st, 2023. This is 40% more for most customers and will likely result in a significant increase in monthly utility bills.
This is a huge issue for both businesses and homeowners. Customers are now asking how they’ll be able to pay for electric bills in the future because of the rate increases.
Many consumers are choosing to switch to a provider which offers a lower fixed cost and alternative energy options. They can also sign up for plans that offer incentives like smart-home bundles.
The Retail Energy Advancement League released an article today that offers details on how to find competitive electric suppliers and save money. The guide explains differences between utility contracts and competitive contracts, defines the terms of contracts and offers buying tips.
Many of the electric companies that compete offer a variety of incentives to draw new customers, as well as the ability to offer a low cost. Some specialize in 100 renewable energy plans.
If you’re not sure what provider is right for you, a no-cost electricity comparison, without obligation, can give you a better idea of the options out there and how to pick the best electric plan for your needs.
You can also find a provider that offers payment plans and winter protection to help manage your bills. You can also seek assistance from a consumer advocate, like the Office of Consumer Counsel, if you have any questions regarding your electric bills.
The most important thing to keep in mind is that no matter what your budget is, you should always shop around for a cheaper electricity source. It’s the only way to protect yourself from huge increase in your electricity costs.
Our online tool for comparison makes it easy for Connecticut residents to compare prices and switch to a different supplier. To begin your search for a cheaper electric power rate, just enter your utility account information along with your zip code.