December 11, 2017

OCC: Electric supplier customers saw higher price spread in Sept.

Photokanok | FreeDigitalPhotos.net
Photokanok | FreeDigitalPhotos.net

Customers who use a third party electricity supplier paid more in September than they would have if they had contracted with the state's major utilities, according to the latest state report.

Eversource and Avangrid residential customers who are contracted with third-party electricity suppliers paid a total of $4.2 million more in September than they would have under standard offer pricing from the utilities, according to a monthly report from the Office of Consumer Counsel.

Fifty-five percent of supplier customers in Eversource's territory collectively paid $2.7 million more than the standard offer during the month, down from 91 percent last September. Meanwhile, 82 percent of supplier customers in Avangrid's territory collectively paid $1.5 million more than the standard offer, up from 77 percent in the year-ago period, according to the OCC report released this week.

From Oct. 2016 to Sept. 2017, Connecticut's residential customers paid a total of $56.4 million over the standard offer, down from $61 million in the comparable rolling-year period.

Third-party suppliers' market share was also down over the last 12 months. Suppliers served 27 percent of Eversource customers in the recent month, down from 31 percent, while suppliers served 34 percent of Avangrid customers, down from 36 percent, the OCC said.

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