Connecticut Businesses Save Money on Electricity
November 2, 2009 –
In the past few months the competitive electricity market in Connecticut has been heating up. This has been the result of falling market electricity prices that have caused more alternative electricity suppliers to enter the market with numerous product options for customers.
The falling market rates have allowed electricity providers to offer instant savings against the default rates that Connecticut businesses, being served by Connecticut Light & Power and United Illuminating Company, are paying. The default rates were locked in by the state utility companies in previous years when wholesale electricity prices were higher. Alternative providers are able to buy energy on the wholesale market at cheaper prices and pass it along to commercial and industrial customers.
The savings are typically between 10-25% off of the supplier charge that businesses pay. The amount of savings will depend on the customer size, usage patterns, and market trends. However the general census is that any company can save at least 10% off of their electricity bill just by finding an alternative provider to supply their electricity instead of continuing to use the state mandated default rate.
Blake Kolpert Said,
November 11, 2009 @ 12:16 pm
I am still with CLP…..which provider has the lowest rates right now for residential and which one for businesses? I manage a fitness gym, our bill last month was over $9,000!!
Tim Rein Said,
November 13, 2009 @ 11:21 am
Not sure about residential homes, but I know for businesses the electric providers will usually not post what their rates are online. You need to contact them and give them some information and then they give you a quote that you compare with the utility default rate.
David Bejar Said,
November 14, 2009 @ 7:21 pm
Blake,
I’m an energy consultant that specializes in commercial energy here in Houston, Tx where deregulation has been in full swing and successful since 2002. Contact me at dbejar@realpriceprotection.com and I can put together some quotes for your business.
Check us out at http://www.realpriceprotection.com
David
Robert Gulizia Said,
December 11, 2009 @ 10:01 am
This response is for Blake Colbert. I work for a competitive supply co called Patriot Energy. We are offering VERY competitive rates with the default rates for CL and P and UI being in the twelves. Based on your dollar amount listed above, you qualify for all of our options.