Electricity rates in Stamford CT are on the rise. The electric utility in your area is United Illuminating. And they increased your electricity rates by 100% in January 2023.
With deregulation, you don’t have to pay utility rates. You can compare electricity suppliers to get the best electricity rates in Stamford. Thanks to electricity choice in your state, you can shop for the best CT electricity supplier for your home or business energy rates in zip code 06902.
When you compare electricity suppliers in CT, there are certain providers that rise to the top. ElectricityPlans works with a select number of brand name CT energy suppliers.
Compare Residential Electricity Rates in Stamford
| Plan Name | Term | Rate/kWh |
|---|---|---|
| Direct Energy Live Brighter 8 | 8 | 10.49 ¢ |
| Direct Energy Live Brighter 18 | 18 | 12.79 ¢ |
| XOOM Energy RescueLock 12 | 12 | 12.99 ¢ |
| XOOM Energy SureLock 12 | 12 | 12.99 ¢ |
| Direct Energy Live Brighter 36 | 36 | 13.09 ¢ |
| Direct Energy Live Brighter 12 | 12 | 14.19 ¢ |
| Constellation 36 Month Home Power Plan | 36 | 15.99 ¢ |
Compare those rates to UI’s default rates. United Illuminating (UI) residential electricity rates jumped from 10.62¢/kWh to 21.9429¢/kWh on January 1, 2023, over a 100% increase.
Those utility rates will change again in July 2023. But there’s no early termination penalty for your Connecticut electricity contract. That means you can sign up for a low rate now, then switch back to the utility later if prices drop.
Curious about utility rate trends in Connecticut? Here’s a history of United Illuminating standard service rates over the last 4 rates changes.
Shop Stamford CT Residential Electricity Rates
Business owners can save on their electricity as well. UI business rates also went up 100% in January 2023.
As of January 1, 2023, small commercial electricity rates in United Illuminating jumped up to 20.90663¢/kWh from 10.667¢/kWh in December.
Didn’t budget for such a big increase? No one did. That’s why business owners in CT should consider shopping for an alternate supplier. Just be sure to read the terms and conditions of your offer, to understand any termination fees. That way, if prices drop in July 2023, you can shop again. Below are business electricity rates in Stamford.
Business Electricity Rates in Stamford CT
| Plan Name | Term | Rate/kWh |
|---|---|---|
| ENGIE 6 Months | 6 | 14.04 ¢ |
| ENGIE 48 Months | 48 | 15.89 ¢ |
| ENGIE 18 Months | 18 | 15.89 ¢ |
| ENGIE 60 Months | 60 | 15.99 ¢ |
| ENGIE 36 Months | 36 | 16.12 ¢ |
| ENGIE 24 Months | 24 | 16.59 ¢ |
| ENGIE 12 Months | 12 | 16.90 ¢ |
Shop Business Electricity Rates in Stamford
How to Find the Best Home Electricity Rate in Stamford CT
The state shopping site, EnergizeCT, shows rates from all energy suppliers in CT. But using ElectricityPlans.com makes it easy to shop for your electricity. Here’s a step by step process to find the cheapest electricity rate for your home.
Since there is no early termination penalty allowed for your residential electricity contact in CT? Look for the cheapest rate, no matter the contract term.
Time needed: 10 minutes.
How to find best cheap electricity rates in Connecticut
- Get a copy of your electricity bill.
You’ll need your account number from your bill to enroll with a new supplier.
- Search electricity rates by zip code.
Enter your zip code to see CT electricity prices in your area.
- Sort results by “Sort Low to High” to have the cheapest electricity plan at the top.
- Review electricity plan details.
Plan details include the rate, the type of plan and the term of the plan. The electricity rate is the price per kWh. For type of plan, you will look for a fixed rate plan. And the term doesn’t matter, since there’s no termination penalty for residential electricity plans.
- Enroll with the cheapest electricity plan for your home.
We recommend enrolling with the cheapest electricity rate you find. UI will continue to issue your bill, respond in an emergency and answer the phone when you call. So it’s really all about the cheapest price.
FAQs About Stamford CT Electricity Rates
In Stamford CT, you have a choice of getting your electricity from your utility, United Illuminating, or from an electricity supplier licensed by the state of Connecticut. Electricity supplier and electricity supplier mean the same thing. It means that you are choosing to get your power from a source other than the utility. Whether you get power from the utility or a supplier/provider, your utility still bills for service.
Simple answer: no, there is no difference in electrical reliability whether you get your supply from the local utility or from an energy supplier. Your local utility company will still roll their trucks if the lights go out in your neighborhood. They don’t pick and choose whose power they restore. You will continue to call the local utility if you have a billing or service question. The only difference is in your bill. Your electricity bill will have
According to EIA.gov, the average electricity price in Connecticut is 28.84¢ per kWh (September 2022). The average price of electricity across the USA is 16.32¢ per kWh. That means residential electricity in Connecticut is 76% more expensive than the average price in the USA.