Best Electricity Rates in Norwalk, CT

Posted on Posted in Best Electricity Suppliers, Cheap Electricity Rates, Constellation, CT Electricity Rates, Direct Energy, Eversource Electricity Rates, Green/Renewable Energy, Public Power, Uncategorized
Shop the best electricity rates in the Eversource service area. Read company reviews, compare plans, and find the lowest energy rate to save you money.
Eversource rates are lower but they won’t last! Shop now to lock in the best electricity rates for the long term!

Since July 1, Eversource customers have been enjoying reduced generation supply rates. This is clearly a great time for CT residents’ bottom line. But could you be saving more money in the long term by switching to a 12 month fixed electric rate? By exploring these retail electricity plans, you may be the way to beat those high electricity bills from Eversource.

New Eversource PTC electricity rates

Choosing electricity providers should always begin by checking out the current Price to Compare (PTC). As of July 1, 2020, Eversource’s PTC dropped from 9.414 cents per kilowatt-hour (kWh) to 7.375 cents per kWh. This reduced price will last until December 31, 2020. You might be wondering how this affects your billing.

This average monthly bill report suggests that the average CT household uses 724 kWh of power per month. That means that Eversource’s average generation charge has fallen from about $68 to $53 per month. This sounds great, but remember that this reduced rate is expected to rise at the start of the new year.

Smart energy shopping is all about considering long term benefits and costs. And while the timing might seem unusual, now may be your last chance this year to shop for the best electricity rates! Check out these low 12 month fixed-rate plans for Norwalk, CT.

Best risk-free electric plan

The Direct Energy Live Brighter 12 plan has a rate of 8.59 cents per kWh. This averages to a monthly generation charge of about $62. The plan compensates for the increased cost with a variety of programs and services including refer-a-friend bonuses and energy usage monitoring tools. The lack of an early termination fee means you can switch for a better deal at any time, at no cost.

Prior to the last 30 days of the initial term, Direct Energy will send a reminder notice. This notice will contain details about the rates that your plan will renew into as well as instructions on how to cancel.

Choose energy plan with shopping discounts

Public Power‘s 12 Month Fixed plan  charges a generation rate of 8.19 cents per kWh, which averages to about $59 per month. The cost is compensated by the Power Perks program which offers savings and cash back deals. This program also earns you money towards a $25 Visa Prepaid Card ($50 if used towards energy-efficient products).

Public Power will send a notice prior to the last 30 days of the initial term to explain the rates and terms that your plan will renew into. It will also include instructions on how to cancel. Be sure to read this notice to help decide if staying with this energy company is the best choice.

Cheapest alternative to Eversource PTC

Constellation’s 12 Month Home Power Plan has a rate of 7.79 cents per kWh, which averages to a monthly generation charge of $56. Constellation sweetens the deal with a Refer-a-Friend program that offers $50 gift cards. Customers will love their weekly energy usage emails, especially if they are concerned with saving energy.

Constellation will send a letter prior to the last 30 days of the initial term. This letter will explain the new fixed-rate terms your plan will renew into and directions for cancelling as well.

Choosing the right electric plan for you

Choosing the right energy plan is all about comparing benefits to monthly generation costs. Customers interested in enjoying a variety of services may be interested in Direct Energy’s Live Brighter 12 plan. If you enjoy shopping discounts and money back programs, then Public Power’s 12 Month Fixed plan is worth a look. If you want prepaid cards and energy monitoring emails then Constellation’s 12 Month Home Power Plan might be right for you. Figuring out which plan will work best, however, depends on your own usage habits in your home. The best way to do that is go your old electricity bills. You’ll learn how you use energy throughout the year.

You can learn more about saving money and energy by comparing rates and plans at www.ctenergyratings.com.

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