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Connecticut Energy Deregulation

Connecticut deregulated electricity markets in 2000 and gave consumers an option to choose a third party electricity supply company. The Connecticut Department of Public Utility Control (DPUC) adopted legislation PA 98-28 in 1998, that ordered state utilities to unbundle their supply and delivery services and open electricity markets to competition. Since then over six hundred thousand households took advantage of the available options and switched to an alternative energy supplier. These customers account for 40% of all electricity sold in the state. The Connecticut migration rate to competitive suppliers is one of the highest in the nation growing by 4-5% annually. Additionally, Connecticut adopted a renewable portfolio standard requiring all alternative electricity providers to sell certain amount of energy from renewable sources.

If you are looking to join the growing number of residents and businesses who evaluate available options and take control of their energy bills, the process is quite simple: just look at the various plans below, find the most suitable, click ‘Sign up’ and you will be on your way to save money and the environment!

ELECTRICITY

Eversource – Connecticut Service Area

Price per KWh:Savings:Terms:Info:Green:Supplier:

No matching records found

Price per KWh

8.79¢

24 Months

GREEN35%

Price per KWh

9.29¢

6 Months

GREEN35%

Price per KWh

9.29¢

12 Months

GREEN35%

Price per KWh

11.09¢

6 Months

GREEN35%

Showing 4 cheapest plans

United Illuminating – Connecticut Service Area

Price per KWh:Savings:Terms:Info:Green:Supplier:

No matching records found

Price per KWh

9.59¢

6 Months

GREEN35%

Price per KWh

9.99¢

24 Months

GREEN35%

Price per KWh

10.39¢

12 Months

GREEN35%

Price per KWh

11.59¢

6 Months

GREEN35%

Showing 4 cheapest plans

Average Residential Electricity Bill

■ In March, 2024, the average monthly bill for residential electricity customers in Connecticut was $185.20, which ranked one of the highest in the U.S.
■ The average monthly bill for residential electricity customers in Connecticut in March, 2024 decreased by -1.36% over prior month and decreased by -11.81% relative to what it was in March, 2023.
■ In March, 2024, this average monthly residential electricity bill in Connecticut was 52.38% higher than the national average monthly bill of $121.54.
■ Average monthly residential electricity bills in the U.S. ranged from $72.71 to $198.19 in March, 2024.

Average Residential Electricity Rate

■ In March, 2024, residential electricity rates in Connecticut averaged 29.12¢/kWh, which ranks 5th in the U.S.
■ Residential electricity rates in Connecticut decreased -1.36% from February, 2024 to March, 2024 and -11.81% from March, 2023 to March, 2024.
■ The average residential electricity rate of 29.12¢/kWh in Connecticut was 70.6% higher than the national average electricity residential rate of 15.31¢/kWh in March, 2024.
■ The average residential rate in the U.S. ranged from 10.44 ¢/kWh to 45.25 ¢/kWh in March, 2024.

Average Residential Electricity Usage

■ Connecticut had 1,545,273 residential electricity customers in March, 2024, an increase of 0.39% from March, 2023.
■ In March, 2024, the average residential electricity customer in Connecticut used 636 kWh, which ranked 17 in the U.S.
■ The average residential electricity customer used 636 kWh in March, 2024, a decrease of 6.88% from February, 2024 and a decrease of 1.55% from March, 2023.
■ In March, 2024, the average residential Connecticut customer used 16.1% less electricity than the national average.
■ Residential customers in Connecticut spent $286 million in March, 2024 on electricity, compared to $310 million in February, 2024 and $328 million in March, 2023.

Comparison Statistics for Residential Electricity in Connecticut

■ In March, 2024, 38,745 residential electricity customers in Connecticut compared electricity rates and switched electricity suppliers.
■ Residential electricity customers in Connecticut paid 7.86 ¢/kWh on average to alternative electricity suppliers in March, 2024.
■ Average monthly usage for the customers that had switched electricity suppliers in March, 2024 was 635.8 kWh.
■ As of March, 2024, 35.6% of residential electricity customers in Connecticut were using an alternative electricity supplier.

Average Commercial Electricity Bill

■ In March, 2024, the average monthly bill for commercial electricity customers in Connecticut was $1,145.87, which ranked one of the highest in the U.S.
■ The average monthly bill for commercial electricity customers in Connecticut in March, 2024 decreased by -2.16% over prior month and decreased by -1.21% relative to what it was in March, 2023.
■ In March, 2024, this average monthly commercial electricity bill in Connecticut was 57.76% higher than the national average monthly bill of $726.32.
■ Average monthly commercial electricity bills in the U.S. ranged from $376.82 to $3,685.81 in March, 2024.

Average Commercial Electricity Rate

■ In March, 2024, commercial electricity rates in Connecticut averaged 20.4¢/kWh, which ranks 5th in the U.S.
■ Commercial electricity rates in Connecticut decreased -2.16% from February, 2024 to March, 2024 and -1.21% from March, 2023 to March, 2024.
■ The average commercial electricity rate of 20.4¢/kWh in Connecticut was 53.6% higher than the national average electricity commercial rate of 13.41¢/kWh in March, 2024.
■ The average commercial rate in the U.S. ranged from 7.38 ¢/kWh to 40.80 ¢/kWh in March, 2024.

Average Commercial Electricity Usage

■ Connecticut had 157,480 commercial electricity customers in March, 2024, an increase of 0.27% from March, 2023.
■ In March, 2024, the average commercial electricity customer in Connecticut used 5,617 kWh, which ranked 31 in the U.S.
■ The average commercial electricity customer used 5,617 kWh in March, 2024, a decrease of 2.85% from February, 2024 and a decrease of 4.54% from March, 2023.
■ In March, 2024, the average commercial Connecticut customer used 0.8% less electricity than the national average.
■ Commercial customers in Connecticut spent $180 million in March, 2024 on electricity, compared to $189 million in February, 2024 and $190 million in March, 2023.

Comparison Statistics for Commercial Electricity in Connecticut

■ In March, 2024, 5,138 commercial electricity customers in Connecticut compared electricity rates and switched electricity suppliers.
■ Commercial electricity customers in Connecticut paid 7.06 ¢/kWh on average to alternative electricity suppliers in March, 2024.
■ Average monthly usage for the customers that had switched electricity suppliers in March, 2024 was 10,305 kWh.
■ As of March, 2024, 43.3% of commercial electricity customers in Connecticut were using an alternative electricity supplier.

Average Industrial Electricity Bill

■ In March, 2024, the average monthly bill for industrial electricity customers in Connecticut was $8,308.54.
■ The average monthly bill for industrial electricity customers in Connecticut in March, 2024 decreased by -6.95% over prior month and increased by 1.09% relative to what it was in March, 2023.
■ In March, 2024, this average monthly industrial electricity bill in Connecticut was -39.41% lower than the national average monthly bill of $13,713.16.
■ Average monthly industrial electricity bills in the U.S. ranged from $1,278.83 to $107,580.00 in March, 2024.

Average Industrial Electricity Rate

■ In March, 2024, industrial electricity rates in Connecticut averaged 15.79¢/kWh, which ranks 7th in the U.S.
■ Industrial electricity rates in Connecticut decreased -6.95% from February, 2024 to March, 2024 and 1.09% from March, 2023 to March, 2024.
■ The average industrial electricity rate of 15.79¢/kWh in Connecticut was 65.9% higher than the national average electricity industrial rate of 11.53¢/kWh in March, 2024.
■ The average industrial rate in the U.S. ranged from 5.07 ¢/kWh to 35.86 ¢/kWh in March, 2024.

Average Industrial Electricity Usage

■ Connecticut had 3,867 industrial electricity customers in March, 2024, a decrease of 2.15% from March, 2023.
■ In March, 2024, the average industrial electricity customer in Connecticut used 52,619 kWh, which ranked 12 in the U.S.
■ The average industrial electricity customer used 52,619 kWh in March, 2024, an increase of 3.09% from February, 2024 and an increase of 3.79% from March, 2023.
■ In March, 2024, the average industrial Connecticut customer used 64.0% less electricity than the national average.
■ Industrial customers in Connecticut spent $32 million in March, 2024 on electricity, compared to $33 million in February, 2024 and $31 million in March, 2023.

Comparison Statistics for Industrial Electricity in Connecticut

■ In March, 2024, 201 industrial electricity customers in Connecticut compared electricity rates and switched electricity suppliers.
■ Industrial electricity customers in Connecticut paid 6.56 ¢/kWh on average to alternative electricity suppliers in March, 2024.
■ Average monthly usage for the customers that had switched electricity suppliers in March, 2024 was 81,103 kWh.
■ As of March, 2024, 47.6% of industrial electricity customers in Connecticut were using an alternative electricity supplier.

Compare and save on your electric bill in CT

If your energy bill is higher than you want it to be, rest assured that you are in great company. Many residents and businesses struggle with a high UI or Eversource electric bills each month. Thankfully, this struggle may be needless and could be easy to avoid. Deregulation in Connecticut means that both residents and businesses can shop around to compare energy plans. In the process, they could identify a plan with significantly lower rates to lock in savings for months to come.

Compare Electric Rates to Save Money

If you have never compared electricity rates or switched providers, you understandably may feel lost. The good news is that comparing rates and making a switch are both easy steps to take. The first step is to compare electric rates and to identify a new plan that is ideal for you. You can conveniently shop around for best rates at PowerSetter.com or through Energize CT. A simple query will return the current rates for United Illuminating’s and Eversource’s standard plans as well as rates for numerous other providers. The grid includes plan details like cancellation fees, enrollment fees as well as an easy online signup application.

What to Look for When Comparing Plans

In order to identify savings opportunities, you need to know how much you are currently paying for electricity. Your electric bill includes both supply and delivery charges. While you can shop around for a company who will supply your electricity, you can’t change the delivery, as it will always be provided by your local utility. Review all available supply options closely so that you can determine the most affordable plan available. In addition to comparing the supply rate, you need to know how long the plan’s rate is fixed for. Some plans have a tiered structure where the rate adjusts after the first few months. You also need to focus on the various fees associated with the plan, what the cancellation terms are and what amount of the energy supply is sourced from renewable energy.

How to Save Money on Utilities When Moving

Are you planning to relocate to Connecticut soon, or are you planning to move to a new home within the state? If you are new to the area, you should spend an adequate amount of time learning about all energy plans available to you. Your selection will directly impact your monthly expenses in the years ahead. If you are relocating in the local area, however, you may be able to transfer your existing plan to your new home or place of business. Transferring your plan and service to your new location may be essential in order to avoid expensive cancellation fees. If you are not under a contract, you should explore the current plans available to identify the best rate for your needs.

Other Ways to Slash Your Energy Bill

One of the primary reasons why local residents and business owners compare electric rates and switch providers is to save money. This is a relatively easy and effective way to lower your energy bills, but there are other steps that you can and should take. For example, if your home is equipped with outdated appliances, those appliances may be guzzling an incredible amount of energy. Upgraded to energy-efficient, appliances may yield tremendous savings. Another idea is to improve the efficiency of your home or business. Adding new seals to doors and windows, installing new insulation and replacing old lightbulbs are only some of the many energy-saving ideas that you can employ. With great savings available through various rebates, making these improvements and upgrades may not be as expensive as you initially think it would be.

What Happens When the Current Plan Ends?

We got you covered! When your current plan is nearing expiration we will send you a reminder letting you know it is time to shop for a new rate.

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