Connecticut Market

By: PRNewswire.com | An analysis of Connecticut’s competitive electricity market shows many competitive offers below the cost of utility service, and if all Connecticut electricity consumers taking utility standard rate service switched to these lowest available competitive offers, the potential savings are more than $18.5 million for July. “Some have questioned the value of Connecticut’s … Read more

By: HartfordBusiness.com | Connecticut regulators have upheld the Connecticut General Assembly’s new law banning electricity suppliers from using variable rates, the first state in the nation to do so. The Public Utility Regulatory Authority on Wednesday said the law that explicitly prohibits power suppliers starting Oct. 1 from signing up new customers or renewing existing … Read more

Connecticut’s Department of Energy and Environmental Protection is gathering public comment about a new effort help reduce high electricity bills that many New England consumers pay each winter. The Department of Energy and Environmental Protection is accepting comment until Sept. 30 on its plan to secure long-term deals for a range of energy resources, including … Read more

By: Luther Turmelle | The Connecticut House of Representatives voted overwhelmingly Wednesday to approve passage of a bill that would ban variable-rate electric contracts for residential power customers. The 144-1 vote — State Rep. John Piscopo, R-Thomaston, was the only lawmaker who voted against it — sends Senate Bill 573 to Gov. Dannel P. Malloy’s … Read more

By: Brian McCready | State Senator Gayle S. Slossberg (D-Milford) submitted testimony to the legislature’s Energy and Technology Committee last month supporting a ban on variable-rate electricity contracts, according to a press release from her office. Slossberg was joined by AARP, the State Consumer Counsel and fellow legislators in supporting the ban. “I have often … Read more

By: Luther Turmelle | Consumer advocates and some political leaders say they want to ban third-party electric power suppliers from offering variable-rate contracts to residential customers. Senate President Martin M. Looney, D-New Haven, said the contracts are “deceptive and unpredictable.” Looney made his comment during a Tuesday press conference held while the legislature’s Energy and … Read more

By: SUSAN HAIGH | Connecticut lawmakers are considering legislation that would limit certain charges for electric services paid by residential customers, as well as eliminate variable rate contracts. The proposals are part of a larger discussion this session about ways to revamp the state’s marketplace for electric services, about 17 years after the General Assembly … Read more