New Haven Electricity Rates.

In Connecticut, the energy market is deregulated. This leads to two different parties in your power consumption — suppliers and utilities. Suppliers set their price and sell power to consumers. Because these companies compete for business, the overall price of energy stays lower than it would in a regulated market. Plus, consumers have the freedom to choose their suppliers, giving them some control over the price they pay.

The supplier you choose will send your power to your local utility for delivery. In New Haven, the United Illuminating Company is your utility. It’s in charge of fixing outages and maintaining power lines. You can contact this company directly when you have an energy issue.

Energy market prices shift all the time, which means a low rate now may not be low next month. Shopping for a new supplier can help you take advantage of a current dip in the electric market. When you sign a supplier contract, you’ll commit to typically a fixed or variable rate. Fixed rates are constant for a set period, and variable rates fluctuate each month based on the market.