You might be thinking about settling with Eversource after their July 1 rate drop. But the current low pricing may not last long, so now’s the time to consider a 24 month electricity plan. Shopping for the best plans in CT can help you avoid expected winter pricing increases and give you long term savings on your electricity bills.
Why consider alternatives to Eversource
Eversource energy rates change every six months. Households remaining with this default service will have to reconsider their energy budget and costs every winter and summer. 24 month electricity plans offer longer term stable pricing, with many plans offering extra benefits and services.These plans can be ideal for households that don’t plan on moving anytime soon.
But before you make any changes, be sure to start your search by seeing how Eversource’s current price to compare (PTC) rate effects your CT electricity bill.
According to U.S. Department of Energy data, the average residential monthly usage in CT is 724 kWh. While Eversource lowered their PTC rate to 7.375 cents per kilowatt-hour (kWh) or $53 per month for generation supply charges, their winter rate from January 1 to June 30, 2020 was 9.414 cents per kWh, or about $68 per month — that’s $15 dollars more. Because Eversource’s PTC rate changes every six months, consider that the next PTC rate change will be this December, right when energy rates are forecast to increase further.
You can avoid paying those higher PTC rates on your bills this coming winter by locking in a long term 24 month rate right now.
Cheapest Green Energy in CT
Some Connecticut electricity customers believe that reducing their carbon footprint is worth the extra little cost. Fortunately, they have three excellent 24 month plans that can not only reduce their carbon footprint but also don’t cost as much.
Constellation’s 24 Month Green Home Power Plan offers renewable power for 8.29 cents per kWh. That means a monthly generation charge of about $60, or $8 less than 2020’s winter Eversource pricing. Subscribers will enjoy Constellation’s Refer a friend program, that can earn $50 gift cards for you and your referrals. Constellation also offers weekly usage emails to help manage your power.
Major Energy’s Secure Green Choice 24 plan offers competitive pricing for renewable energy with a 8.89 cents per kWh rate.This averages to a monthly generation charge of about $64 or $4 less than 2020’s Eversource winter PTC. Major Energy is currently the second highest ranked energy provider from customer reviews thanks to excellent customer service experiences. The plan also has no early termination fee making it a risk-free option.
Verde Energy’s Clean Power 24 plan offers a welcome 8.89 cents per kWh rate. This averages to a monthly generation charge of $64. Verde Energy has no early termination fee for this plan, which means you can switch to better deals at no penalty. Subscription also connects customers to the Verde Energy USA Rewards program that offers discounts for shopping, dining, and travel.
These companies will send notices prior to 30 days before the end of the initial term. This letter will describe the terms of impending renewals. According to terms of service (TOS) Constellation will renew into a fixed-rate plan. Verde Energy and Major Energy do not specify the type of plan it will renew into, so be sure to read the notice carefully.
Cheapest Risk-Free Electricity Plan
Major Energy’s Secure Choice 24 plan provides power to CT homes with a 8.69 cents per kWh rate. This averages to a monthly generation charge of about $63, which is $5 less than Eversource’s 2020 winter rate. Major Energy is highly rated in customer reviews, making their plans some of the more popular. Since the plan has no early termination fee, you can switch for a better deal at any time, at no cost.
Best electric rate for frequent shoppers
Public Power’s 24 Month Fixed plan offers power at an 8.93 cents per kWh rate. This averages to a monthly generation charge of about $64 which is $4 less than the 2020 Eversource winter PTC. The Power Perks Program is the major reason to subscribe to this plan. Customers will be able to save with daily deals from popular stores, as well as earn cash back offers and gift cards.
According to their TOS, Public Power’s expiration notice will arrive prior to the last 30 days of the initial term and explain the details of the fixed-rate term the plan will renew into. The notice will also give details on how to cancel without penalty if the new terms do not meet your needs.
Should you lock into these electric plans?
With current electricity prices still low, now’s the perfect time to shop. Because the PTC pricing won’t last, consider those energy supplier plans that can save you money in the long term. Constellation’s 24 Month Green Home Power Plan provides the cheapest green energy and a refer-a-friend program. Major Energy’s Secure Green Choice 24 and Secure Choice 24 plans provide risk-free power from a highly rated company. Verde Energy’s Clean Power 24 plan is risk-free and offers a handy discount program. Public Power’s 24 Month Fixed plan has an excellent shopping discount and rebate program.
You can learn more about saving money and energy by comparing rates and plans at www.ctenergyratings.com.