Connecticut Electricity

On January 1, 2011 electricity customers of the utility Connecticut Light and Power (CL&P) who are on default generation service will see their rates drop from the 2010 prices.  Residential electric users who are still on default service will see their rates drop from $0.11051 to $0.0942 and small businesses will see a new rate of $0.10188 from the previous rate of $0.11723.

The lower rates are a result of the wholesale electric and gas markets dropping over the last year.  CL&P buys their power for their default customers on intervals.  A portion of the default rates were bought when wholesale prices were higher than they are today.  This means that electricity customers in Connecticut can still get an even lower rate than the new 2011 CLP default rates.

MX Energy is currently offering a 6 month rate of $0.0899 for residential customers.

Connecticut Commercial electric rates below $0.095 can be found here.

So far 32% of CL&P residential customers have switched off of default service and are using a competitive electric supplier.  54% of small businesses in the area have found more competitive electric offers.