Electricity Rates In CT – Switching Electricity Providers Can Save You Money
Electricity rates in ct are among the highest in the country, and prices are on the rise. That’s why it’s important to take action now. Switching to a new electricity provider is easy and can save you money. We’ve compiled a list of the best electricity providers in Connecticut based on customer reviews over the past two years. All you need to do is enter your zip code and we’ll show you all the available plans in your area.
If you live in Connecticut, you’re probably serviced by Eversource (formerly CL&P), United Illuminating Company or another investor-owned utility. The good news is, Connecticut was one of the first states to allow customers to shop for competitive energy supplies and rate plans. This deregulation is designed to break up utility monopolies and drive competition by giving residents control over their electricity rates.
Most residential customers in ct electric companies are also eligible for financial assistance with their energy costs. The state’s Public Utilities Regulatory Authority (PURA) created a program called “Take Back Your Grid” that lowers energy rates for households earning below 160% of the federal poverty guideline. In addition, PURA has also established a special set of rates for low-income consumers.
Your electric bill is broken down into two sections, utility delivery charges and the supply portion. When you choose an alternative electricity supplier, the supply portion of your bill will change, while the utility delivery charges stay the same.
The average home in Connecticut uses approximately 892 kilowatt-hours of electricity per month. That equates to a monthly bill of about $295. The average residential supply rate in Connecticut is 22.5 cents per kilowatt-hour.
Despite the recent spike in energy rates, Eversource and United Illuminating customers will see their electricity bills decrease significantly starting in July. This is thanks to the fact that summer supply rates are lower than winter rates. In addition, both companies have urged their customers to conserve energy by using less during the hot summer months.
By switching to a different energy supplier, you can benefit from competitive Connecticut electric rates, which are currently lower than the utility’s standard offer. Besides offering competitive rates, many electricity suppliers also offer additional benefits such as energy efficiency programs and rewards for lowering usage.
In addition to providing the best CT electricity rates, some of our recommended electricity suppliers also provide 100% renewable energy options for homes and businesses. The best way to find the cheapest ct electric rates is by entering your zip code above and comparing offers from multiple suppliers. You’ll be able to find the plan that’s right for you and your budget. Once you’ve found the ideal electricity supplier for your needs, you can start enjoying lower energy rates with no hassle.