SAVING ELECTRICITY BILLS IN CONNECTICUT

October 27, 2020

The residents of Connecticut are rated among the residents with the highest electricity rates in the country.

The average Connecticut commercial electricity rate is 17.19 ¢/kWh (49% higher than the national average) while the average Connecticut residential electricity rate is 23.30 ¢/kWh (56% higher than the national average). 

The above stats also put Connecticut residents as the most energy-efficient when compared to the rest of the US. Connecticut is categorized as the state with the 15th lowest average electricity usage but they are still strapped with the second-highest average electricity bill in the United State.

In an electricity market such as Connecticut, both commercial and retail end users are provided with various energy choices –simply put, all customers get to choose their specific supplier, plan and rate, and then decide based on any existing contract terms, renewal dates and fees.

As an electricity customer in Connecticut, it is very important to track your bills. When choosing a plan, you should be strategic. You should compare the electricity rates of providers while putting into consideration the electrical appliances in your home or office.

Ready to get the best strategy to save electricity bills? Let’s dig in

CHOOSE THE RIGHT PLAN

It is important to audit your energy usage and then select the right plan – a fixed-rate plan or a variable-rate plan – before signing a contract with an energy supplier.

There are different types of energy plan offered in Connecticut. Energy suppliers offer two plans for residential and business customers:

  • A Fixed-Rate Plan
  • A Variable-Rate Plan

These energy plans have their advantages and disadvantages. It is highly important to understand the two types of plan and ways to save on electricity bills before signing up for an electricity plan for your home or business.

  • A fixed-rate plan simply means you are signing a contract with an energy supplier that is based on a rate that will remain constant for the term of the contract. Fixed-Rate usually lasts for the term length of Six Months, one year and even more. The advantage of this plan is simple, in case of any natural events like tornados or market volatility, the agreed rate will not change.
  • A variable-rate plan simply means you are signing a contract with an energy supplier that offers a variable-rate –In a variable rate, the bill may change every month based on market factors. This plan offers flexibility but also presents more volatility in pricing which may impact your monthly electricity bill.

REDUCE YOUR ENERGY CONSUMPTION 

Residential owners and commercial users use the most energy on heating, especially during winters, and end up paying high electric bills. To save money on electricity in Connecticut, here are four things you can do right now. 

  • Install a Programmable Thermostat and insulate the home.
    By using a programmable thermostat, you can heat and cool the house efficiently. Here is the cool thing, immediately after installation it automatically adjusts the temperatures. Uninsulated homes consume more energy used to heat the house during the winter and this consumes lots of energy.
  • Low Consuming Lighting System
    Conventional bulbs consume much energy as they emit a lot of heat. Consider replacing these conventional bulbs with the modern Light-Emitting Diode (LED) bulbs or the Compact Fluorescent Lamps (CFL). These two types of light systems emit low and are great at consuming less energy.
  • Use Electric Appliances during Off-Peak Hours
    This is one term most energy providers might not breakdown for you. It is often referred to as TOU – meaning Time of Use. The TOU comes with the recent changes in regulation in Connecticut. Under these new regulations, electricity providers are required to provide customers with TOU pricing options. The TOU Plan highlights on-peak and off-peak to enable users to consume more electricity when electricity cost is the lowest – off peak periods. On-peak period is defined as 12 noon to 8 p.m., Monday through Friday while off-peak period refers to other times of the day and week. It is very important to use heavy electrical appliances during off-peak hours. When electricity costs are at the cheapest rates. Click here to compare electricity rates and compare electricity providers in Connecticut.
  • Save on Hot Water
    There are several ways to save on electricity-heated water. First, you can conserve hot water by asking your house technician to install low-flow showerheads and faucet aerators. Also, you should insulate your hot water pipes to reduce the energy used in heating water. Another way to save energy on hot water is by skipping the heating cycle when using a washing machine or dishwasher.

WRAP UP

There are many ways to save money on electricity, you can choose not to have any electrical appliance in your home or office – that is of course very stressful and almost impossible. Or you can follow the big two steps discussed above – choose the right plan and reduce your electricity consumption.

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