How to save money by switching 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.
The CLP rate hike
Customers who still get their electricity supply from CLP got hit hard at the beginning of the year. On January 1, 2015, electricity rates for CLP supply customers skyrocketed from 9.990 cents to 12.629 cents per kilowatt-hour.
Why the CLP supply rate jumped 26%
Twice a year, CLP 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 CLP customers, as CLP’s prices rose by 26%.
how can Spark Energy help me save money?
You don’t have to buy your electricity from CLP. 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 CLP when they are in a fixed-rate contract with us.
In fact, you can save anywhere from 5–25% off your current CLP 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.
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 CLP 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. CLP 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. CLP 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 come in.
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.