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Consumer's Counsel: Residential Customers On Choice Paid $58 Million More Than Default Service in 2015

April 21, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

The Connecticut Office of Consumer Counsel said yesterday that, "[d]ata submitted to the Public Utilities Regulatory Authority ('PURA') shows that in 2015, Connecticut residential customers of retail electric suppliers paid, in aggregate, approximately $58 million over what they would have paid if they remained with the utility Standard Service price."

"In 2015, retail suppliers served, on average, 33.55% of Eversource Energy (Eversource) residential customers and 37.84% of United Illuminating (UI) residential customers. During that time, 64.21% of residential supplier customers paid more than Standard Service, on average, in Eversource territory, and 59.82% of residential supplier customers paid more than Standard Service, on average, in UI territory," OCC said

"One of the trends we have seen in analyzing this data is that those supplier customers who pay more than Standard Service often pay much more, while those who save money often only save a small amount," said Consumer Counsel Elin Swanson Katz. "This may be due to higher prices in automatically renewed contracts, after an initial contract period with attractive pricing expires. I encourage customers who want to contract with an electric supplier to be mindful of the end of the initial contract period, and to shop for the best rate or switch to Standard Service at the end of that contract period."

OCC also published a chart which OCC said shows the amount residential customers of each retail electric supplier paid for electric generation in 2015, on average, compared to the Standard Service price. OCC's chart is presented solely so that readers may reference it, and EnergyChoiceMatters.com disclaims responsibility for any data contained therein and makes no averment as to the accuracy or factual basis for such data

See OCC's comparisons by supplier here

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