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- It's a Jolly Time of Year to Switch Your Electricity Provider
It's a Jolly Time of Year to Switch Your Electricity Provider
Get Ahead of Utilities' Rate Increases this Winter
As Eversource Connecticut customers your bill is going to go up yet again. The utility just got the green light to charge the average residential customer in Connecticut about $48 more from January through June 2024 compared to the current standard service rate.
While Eversource is eager to point out that this rate is substantially lower than last year’s winter rate, it also launched a campaign to educate customers on the savings potential of switching to a third-party electricity supplier.
“We want to make sure our customers know that lower energy supply prices are out there, and they can save money on their energy bill by shopping around. The sooner customers sign up, the sooner they can lock in lower rates, and they can avoid the price spike expected in January, so we’re encouraging customers to shop, sign up, and save.”
(Luckily for Eversource, they will still have you on the hook for delivery charges that pay for the grid infrastructure and ensure investor returns.)
How to Save Effortlessly on your Electric Bill
Here is the deal. Saving on your electricity bill has never been easier in Connecticut. EnergizeCT, an initiative backed by the State of Connecticut, lists all third-party provider’s generation prices, many of which are much cheaper than your default rate with Eversource. Also, there are no more cancellation or sign-up fees for these offers. So you can literally switch at any time in and out of these offers, and always fall back on Eversource’s standard service rate if you feel like paying more.
EnergizeCT’s One Drawback…
Assuming you have heard of EnergizeCT (which remarkably many folks haven’t), you still have to head over to the website, sort through the offers and then set yourself a reminder to come back and check out new offers that are regularly being added. Sounds like a bit too much work? Not sure if it is worth it after all?
… that Can’t Stop You
What if I could save you the hassle by sending you a brief email every other week (no inbox flooding) that summarizes the best offers out there?
Sounds good? Then sign up to the Wire Sharp Newsletter here and receive:
An easy-to-digest bi-weekly overview of the best electricity prices around, factoring in the sign-on bonuses many companies provide when you are referred to them by a current customer.
Step-by-step explanations of how to effortlessly switch from your current service to the third-party provider. I have done it eight times now and it never more than 5 minutes to go through the sign up process. The new provider will take care of everything else afterwards.
Here is the sign-up link again: https://wiresharpct.beehiiv.com/subscribe.
Want to see how it looks before signing up? No problem, keep reading.
Let’s take a look at the December prices as of December 1, 2023. They are sorted by total amount of savings for the average residential customer when comparing the offers to the standard service rate of Eversource.
Two things to keep in mind when scanning the list below: One, the calculations assume an average residential consumption of 750 KWh/month; please check the first page of your bill for your specific usage (see left column of this sample bill). Two, you can always switch from one offer to another at no cost, so a price may be valid for 11 months, but you can switch to a better offer anytime during the 11 months; keep your eyes peeled on the newsletters to spot new deals.
🔥 Best Electricity Prices for Connecticut (December 2023)
🥇 $159 Savings - Direct Energy’s Live Brighter 11 Plan
Price valid for 11 Months
6 Months Savings Breakdown: $109 + extra $50 gift card for being referred2
🥈 $116 Savings - Town Square Energy ‘s Fixed 12 Plan
Price valid for 12 Months
6 Months Savings Breakdown: $111 + extra $5 for being referred3
🥉 $112 Savings - Major Energy’s Simple Choice 12 Plan
Price valid for 12 Months
6 Months Savings Breakdown: $87 + extra $25 for being referred3
1 Generally both the referrer and the referred party receive the referral bonuses.
2 Full disclosure: I am a customer of Direct Energy myself at the moment, so clicking on the link above will give you access the $50 upon successful enrollment.
3 Full disclosure: I am not a customer of Town Square Energy or Major Energy. You will need to receive a referral link from a current customer to get the respective sign-up bonuses. If you don’t sign up through a referral link the average customer will still save $111 with Town Square Energy’s Plan and $87 with the Major Energy Plan compared to staying with Eversource.