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Deregulation and Electric Companies in Connecticut
In 1998, Connecticut deregulated its energy market to remove monopolies and drive competition among energy providers. The utility companies restructured and became distribution companies opening up the market to suppliers to provide their products.
Competition between electric providers keeps the price of energy lower than it would be in a regulated market, and the freedom to choose a provider gives consumers a say in what they pay for their energy. Energy customers can review their current rate, shop for electric and keep their prices low.
Electric Utilities in Connecticut
Providers send the energy to utilities that in turn send the power to the end user. These companies operate in defined service areas, and they’re in charge of all energy distribution concerns. They maintain the lines and respond to power outages. Because of this, there is a charge for their service on your energy bill. If you have any distribution issues, your utility is your first point of contact. The utilities in the state are:
United Illuminating Company: 1-800-722-5584
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Residential & Small Commercial Rates in Connecticut
From residential to small commercial customers using less than 250,000 kWh’s per year, we can provide you with current CT energy rates in your area.
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Large commercial consumers benefit most from a tailored energy strategy. Get started on your personal comparison of electric suppliers in CT today.
Types of CT Energy Rates Available
Comparing electric options in Connecticut can help you find the lowest rate on the market. Before you enroll your home or business, you should first familiarize yourself with the two primary contract options available.
Fixed contracts set a constant rate for your agreed upon period. These rates can be helpful when the market is low overall.
Variable rates change from month to month based on market changes. Much like the stock market, this option comes with risk.
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What to Know About CT Electric Rates
Quickly review these key items before you start shopping for your next supplier agreement.
Terms of Your Current Contract
When does it end? Electric companies will often charge an early termination fee if you cancel their service for a new provider. If you do not have your end date on hand, simply contact your current supplier and request the exact date.
Understanding Promotional Rates
This applies to residential and some small commercial offers. Often, there are advertised ‘promotional’ offers that are available to new customers of that supplier. They may offer incentives such as gift cards, free products or other items to entice you to enroll. More times than not, the offer does not outweigh the rate compared to other options on the market. We can help you compare the offers so that you can make an informed decision before you enroll.
Read the contract. We will happily review your contract with you so that you are educated on your new agreement. The details are important. You are committing legally to a contract with a company and will be bound by those terms and conditions. Let’s make sure your energy strategy and growth goals are inline to find the right supplier for your business or home.
Simplified Ways to Switch.
No matter how you choose to switch, we’ve got options.