Connecticut Electricity Deregulation

CONNECTICUT

On January 1, 2007, electricity rates increased 25% to 72%, in the Connecticut Light and Power and United Illuminating electricity service territories, resulting in higher costs for all commercial customers.

Connecticut businesses can benefit by choosing an electricity supply contract from one of several competing retail electricity providers that can offer a better price and better contract terms than is offered by the utilities. By quickly finding and comparing the available rates and contracts, Good Energy can help you choose the competitive electricity supplier best suited to your Connecticut business.

We offer a no-risk, no-obligation, electricity assessment, which is designed to keep things simple. This assessment includes a detailed history of your existing electricity account's consumption, a complete summary of the competitive supply offers and the necessary information you need to make an informed decision. If you elect to switch providers, we work with you from start to finish, to ensure that the experience is a positive one for your business.

To take advantage of our service, we simply ask you to print, complete, sign and fax us back a copy of the following release form along with a copy of your most recent electricity bill for each account. This form gives Good Energy the authorization that we need to obtain historical energy usage for each account, and to obtain competitive bids on your behalf.

Researching competitive supply offers can save you thousands of dollars in avoided costs, and Good Energy is prepared to do the work for you. Please take a minute to complete, sign and fax us back the attached release form and we will get started on the no-obligation energy assessment right away.

Good Energy has helped hundreds of businesses reduce their energy costs since 1997 and we would like to help your business too.

  • Background: Connecticut deregulated its wholesale electricity market in 1998, and retail-level consumers of power have had the right to switch providers since July 2000. As part of Connecticut's electricity deregulation process, the standard offer rates available to the incumbent utility companies' customers were frozen at rates 10 percent below 1996 levels. This price cap has made it very difficult for competitive utility companies to serve customers in Connecticut because the price to beat in that market was frozen at such a low level. Indeed, since 1998, fuel costs have risen, putting pressure on legislators to permit an increase in the standard offer as mentioned above. Utilities argue that they must be able to pass fuel cost increases along to consumers, or they will end up selling the power for less than they buy it, causing economic disaster for those utility companies. At the same time, if legislators permit such reasonable increases in the standard offer energy rate in Connecticut, opportunities to shop for cheaper power from a competitive third party supplier may emerge.
  • June/99: The DPUC is concerned that no suppliers have yet applied for licensing to serve the market when it opens January 2000. Part of the lack of interest may be due to the rules for standard offer service and estimated stranded cost recovery not yet finalized by the Attorney General and the state General Assembly.
  • April/99: The DPUC ordered generation charges to be shown as a separate charge beginning 7/99. Bills will be completely unbundled as of 1/00. Suppliers will begin licensing as early as July and soliciting of customers will begin.