Connecticut Electric Rates
Connecticut Electric Company
Electricity rates in Connecticut has risen to a new high in, 2007 to become the highest electricity rates in continental USA. Recent higher energy prices, energy congestion issues (caused by outdated major US electric suppliers), federally mandated charges (FMCC) and growing demand for more electricity are some of the major reasons for the increasing electricity rate rise.Many Connecticut businesses that have high utility costs as part of their operating costs, especially manufacturing businesses, the increase in electric rate adds to the overall operating costs.
As a result of deregulation a few years ago, your electricity is now generated at power plants all over the continental US. Connecticut electric companies, like any other electric company, have to bulk buy electricity from these major electricity suppliers from all over the country and sell the same electricity to Connecticut consumers. Experts have predicted that the increase in cost of fuel (needed to generate electricity) will continue to increase with more global demand on oil and natural energy resources.
One way to avoid the impact of rising electricity rates, is to bulk buy electricity now and lock in a fixed rate with your electric company. Even if price of electricity goes up in the coming years, your residential or business electricity costs will be unaffected, which in fact, will create greater savings in the long run.