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April 21, 2016 Connecticut Green Guide

OCC: CT electricity consumers paid more through third-party suppliers

The Office Consumer Counsel says Connecticut residents that opted to purchase their electricity from third-party suppliers in 2015 paid $58 million more than they would have if they used standard-service rates offered by the state’s two utilities.

During the year, 64 percent of residential supplier customers paid more than the standard offer on average in Eversource’s territory, while 60 percent paid more in United Illuminating/Avangrid territory, the report said.

Consumer Counsel Elin Swanson Katz’s office began issuing reports in 2014 illuminating the cost differences, using data from compliance filings submitted to the Public Utilities Regulatory Authority.

During 2015, Eversource’s standard rate was 12.6 cents per kilowatt hour from January to June and 8.2 cents from July to December. UI’s standard rates were 13.4 cents and 9.1 cents, respectively.

OCC’s report analyzed the approximately 30 suppliers in the state who had more than 250 customers.

Competitive suppliers have been losing market share in Connecticut since 2012, according to a recent report.

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