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Report: Residential Savings Under Electric Choice Exceeded $106 Million In Last 12 Months

October 9, 2023

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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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The Connecticut Office of Consumer Counsel posted its monthly update of retail electric supplier pricing data (through August 2023)

In the month of August 2023, residential Eversource customers who chose suppliers saved in aggregate $870,354 more than the Standard Offer for their electric generation, and residential UI customers who chose suppliers saved in aggregate $529,109 more than the Standard Offer.

In the month of August 2023, six out of ten residential supplier customers paid less than the Standard Offer in Eversource territory, and six out of ten residential supplier customers paid less than the Standard Offer in UI territory.

For the rolling year of September 2022 through August 2023, residential consumers who chose a retail supplier saved, in aggregate, $106,214,145 more than the Standard Offer.

OCC said that, "Since January 2015, when OCC started tracking supplier data, customers with a supplier have overpaid a total of $195,622,339 more than standard service"

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