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How The De-Regulated Electricity Market Works
When de-regulation took place, the Connecticut electric utilities, United Illuminating (UI) and Connecticut Light & Power (CL&P), were required to sell off their electric generation facilities. They
were to focus primarily on the distribution of electricity – such as building transformers, maintaining
power lines and providing repairs. The supply of electricity was to be provided by licensed electricity
suppliers who would provide competitive pricing options to the market. The State Of Connecticut’s
Department Of Public Utility Control, UI and CL&P all encourage homeowners to choose an electric supplier. Right now, there are excellent savings to be had by taking advantage of the lower prices offered by alternate suppliers.
As of today, there are quite a few alternate electric suppliers in the market. However, many of
these suppliers are unknown quantities - many are brand new, some are very small, and some
have introductory offers that are low today, but could increase dramatically later on.
How Standard Oil Can Help You Save Money And Protect Your Interests
Standard Oil has formed an Electricity Buying Group and has become a licensed “aggregator” with
the State of Connecticut. This license allows us to represent groups of customers, and to bargain
on their behalf with the suppliers.
As part of Standard Oil’s Electricity Buying Group, you will be able to take advantage of the buying power
that our base of literally tens of thousands of customer can create. And you will be dealing with Standard
Oil, a Connecticut based company with a 90 year track record of outstanding customer service.
Right now, Standard Oil has secured a variable electric rate of 10.39¢ per kilowatt-hour (KWh), which
is significantly below the 11.05¢ to 11.72¢ per KWh charged by UI and CL&P. The typical homeowner will
save about $10 - $20 per month with our current rates. If your home is larger than
average, you could be saving significantly more.
Here are some other benefits to keep in mind.
- Enrollment is free - there are no sign up fees
- You can cancel your agreement with us or change suppliers at any time without penalty
- You will continue to receive only one bill from UI or CL&P
- No matter what, you can not lose power by changing suppliers
- If you have a downed power line, UI or CL&P will continue to provide emergency service
Read the Connecticut Department of Public Utility Controls "
Top Ten Misunderstandings About Changing Electric Suppliers."
Enrollment takes just 5 minutes.
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