In order to properly compare electricity rates and find the best CT electric rates, you need to understand a few things about the Connecticut electricity market, how energy suppliers offer price quotes, and how to properly compare an energy rate plan in CT.
CT Electric Rates: What You Need To Know
The state of Connecticut first adopted energy deregulation in 1998 allowing third-party electricity suppliers to compete with local electric utilities such as Eversource and the United Illuminating Company. Homeowners and business owners are able to look for cheaper CT electric rates so they can save money. Here is a guide to follow when looking for the best CT electricity rates.
Things to Consider When Comparing CT Electricity Rates
There are several factors to consider when comparing electric rates in Connecticut. In order to make an educated decision and find the lowest CT electric rate for your home or business, make sure you follow this guide.
Total Electricity Rate Price
Make sure you understand your total price for electricity. When shopping for a fixed price for electricity in Connecticut, your rate should include three major cost components: electricity, transmission, and capacity. You might also want to consider if there are other ancillary charges in your rate or if they will be passed through by the CT energy supplier.
Another thing to consider when shopping for electricity in CT is the term of your contract with the supplier. Short-term deals are great when you think market prices are going to be lower in the future. And, long term deals are attractive when you think the market is going up. Make sure to consult a professional energy advisor before making a decision.
Know The Supplier
Knowing the supplier with whom you are signing up is also very important. Find answers to questions like: How long have they been in business? How many customers do they serve? Do they have good reviews? Need help comparing electricity suppliers in CT? Contact us today!
Interested In Learning More?
At EnergyPricing.com, not only do we offer an online shopping portal where you can browse energy offers from multiple suppliers, review contract terms, and sign-up directly with a supplier, we also provide professional advice and guidance! Call us today to speak to one of our expert energy advisors who can guide you through your options!