Regulator's Draft Report To Legislature Omits Comparison Of Retail Supplier Rates To Default Service (Shopping Customers Saved Money In 2023)

March 15, 2024

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

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The Connecticut PURA has issued for public comment a draft annual 2023 report on electricity competition

Unlike a proposed report filed by PURA's Office of Education, Outreach, and Enforcement (EOE), PURA's draft report does not discuss a comparison of rates charges by competitive retail electric suppliers, and standard service rates

Rather, the report notes where such data can be found

Specifically, rather than discussing the rates under retail supplier service versus default service in 2023, PURA's draft states, "Since 2014, the EDCs have submitted monthly lists of the rates billed by each supplier through utility consolidated billing (Monthly Supplier Rates) in Docket No. 06-10-22. See Corresp., Nov. 20, 2014, Docket No. 06-10-22, PURA Monitoring the State of Competition in the Electric Industry, p. 1 (directing the EDCs to submit the Monthly Supplier Rates). The EDCs are required to provide monthly lists, for residential and business customers, of each electric supplier, all the rates billed by each supplier, and the total number of customers billed each rate. This data may be reviewed in the Monthly Supplier Rates filed by the EDCs in Docket No. 06-10-22."

PURA's draft report also notes, "OCC regularly issues fact sheets, including the number of third-party electric supply customers paying more than standard service and data about specific supplier prices."

Notably, last year's final 2022 annual PURA report on electric competition did include a specific comparison of what customers paid under retail supply versus standard service

The 2022 annual report had noted, "Table 4 summarizes the residential Monthly Supplier Rates for 2022 for all customers that are billed through the EDCs. The data indicates that during the first half of 2022, approximately 26% of Eversource residential customers and almost 36% of UI residential customers enrolled with a supplier paid greater than the Standard Service rate for their generation supply."

The 2023 report lacks a similar table or any discussion comparing standard service and retail supplier rates

As previously reported, EOE's proposed 2023 report had examined a comparison of retail supplier and standard service rates

EOE's proposed report had stated, "The data indicates that during the first half of 2023, less than 1% of Eversource residential customers and just over 1% of UI residential customers enrolled with a supplier paid greater than the Standard Service rate for their generation supply."

EOE's proposed report had stated, "For the first half of 2023, the average supplier rate in the Eversource territory was $0.13924 per kWh (compared to Standard Service rate of $0.24172 per kWh) and the average supplier rate in the UI territory was $0.12730 per kWh (compared to Standard Service rate of $0.24943 per kWh)."

EOE's proposed report had stated, "The percentage of supplier customers paying more than Standard Service increased significantly in the second half of 2023 for Eversource customers, with approximately 45% of customers enrolled with suppliers paying more than Standard Service. The number of UI customers enrolled with a supplier and paying more than Standard Service also increased significantly, with almost 50% of UI’s supplier-enrolled customers paying more than Standard Service."

EOE's proposed report had stated, "During the second half of 2023, the median supplier rate in the Eversource territory was $0.13775 per kWh, compared to a Standard Service rate of $0.13822 per kWh; in the UI territory, the median supplier rate was $0.13180 per kWh, compared to a Standard Service rate of $0.14334 per kWh."

EOE's proposed report had stated, "For the first half of 2023 customers in the Eversource territory receiving service from a supplier paid $81.42 less per month than if they received standard service, and in the UI territory customers receiving service from a supplier paid $57.54 less per month."

EOE's proposed report had stated, "These differences were far less stark in the second half of the year, where an Eversource customer receiving service from a supplier paid only $3.32 less per month and a UI customer paid $9.22 less per month."

See more details in our prior story

Docket 23-11-01

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