how to save money by swtiching connecticut electricity providers
The Connecticut Light & Power Company has raised the price of electricity by 26% for most
residential customers. Switching electricity providers can help you avoid paying the higher rate.
At Spark Energy, we guarantee you can save 20% off your current CL&P electricity supply
charges if you sign up for a fixed-rate plan.
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The CL&P rate hike
Customers who still get their electricity supply from CL&P got hit hard at the beginning of the year.
On January 1, 2015, electricity rates for CL&P supply customers skyrocketed from 9.990 cents to
12.629 cents per kilowatt-hour.
Why the CL&P supply rate jumped 26%
Twice a year, CL&P must buy electricity for its customers at auctions regulated by state law,
which can be affected by market forces and factors like seasonal price swings. Whatever price
they end up getting is what they have to charge. The last auction, , didn’t turn out so well for
CL&P customers, as CL&P’s prices rose by 26%.
How can Spark Energy help me save money?
You don’t have to buy your electricity from CL&P. You can buy it from another Connecticut electricity
provider in your area, such as Spark Energy.
Because we buy electricity at competitive prices throughout the year, we can offer most
residential customers a lower rate than what you’re getting from CL&P when they are in a fixed-rate
contract with us.
In fact, you can save anywhere from 5–25% off your current CL&P electricity supply charges
if you sign up for a fixed-rate contract. Every time you flip a light switch or run your electric heater,
you’re going to pay less. Switching electricity providers is the smart choice for Connecticut residents
who want to save money.
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What changes when I sign up with Spark Energy?
Simply put, the only thing that changes when switching electricity providers is the company
that sells you electricity.
Every customer’s bill is made up of two parts. The first part is the electricity supply charge.
The second is the transmission and distribution charge.
Electricity supply charges are what you pay for electricity. You’re charged a set amount
per kilowatt-hour. You can choose to get electricity supply from CL&P or a retail electricity
supplier like Spark Energy. You have the right to shop around for a supplier you like and
get a better deal on electricity prices.
Transmission and distribution charges are what you pay to have electricity delivered to
your home. CL&P will always handle the transmission and delivery of electricity. This includes
maintaining poles and wires and responding to service calls, outages and emergencies. These charges
are set by a federal commission and are based on how much electricity you use.
You don’t have a choice when it comes to transmission and delivery charges. CL&P will charge
you the regulated rate regardless of where you get your electricity supply. You do,
however, have a choice of who supplies your electricity. That’s where providers like Spark Energy
Spark Energy: a Connecticut electricity provider you can trust
At Spark Energy, our retail electricity experts provide quality service and affordable electricity
to hundreds of thousands of residential and commercial customers across the nation. Over the
years we’ve become recognized as one of the most trusted and dependable electricity providers
in the country. With Spark Energy, you get affordable electricity from a company you can trust.
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