Fixed rate electricity plans are the most popular electricity plans in Connecticut when switching form the utility. When you are a utility ratepayer, your electricity rate changes twice a year. When you pick a fixed rate plan, you are guaranteed the same electricity rate every month for the duration of your contract term. And if the utility rate drops? Switch back with no penalty.
How to Shop for the Best Fixed Rate Electricity Plan
There are many alternative electricity suppliers in Connecticut. ElectricityPlans works with top rated suppliers, offering you their most popular electricity plans. We help you find the best Connecticut electricity rates for your home.
And with Eversource and UI electricity rates climbing by 100% in January 2023, it pays to shop energy prices in CT. Compare these rates to the utility prices.
Connecticut Electricity Rates in Eversource Area
| Provider | Plan Name | Term | Rate/kWh | |
|---|---|---|---|---|
| Constellation | 36 Month Home Power Plan | 36 | 16.59 ¢ | Details |
| Direct Energy | Live Brighter 33 | 33 | 16.89 ¢ | Details |
| Direct Energy | Live Brighter 36 | 36 | 17.09 ¢ | Details |
| XOOM Energy | SureLock 12 | 12 | 18.69 ¢ | Details |
| Direct Energy | Live Brighter 12 | 12 | 19.19 ¢ | Details |
| XOOM Energy | RescueLock 12 | 12 | 19.59 ¢ | Details |
| Direct Energy | Live Brighter 18 | 18 | 20.39 ¢ | Details |
Compare these alternate supplier rates vs. the utility rate. The Eversource Connecticut electricity rate as of January 2023 is 24.172¢/kWh
Connecticut Electricity Rates in UI Area
| Provider | Plan Name | Term | Rate/kWh | |
|---|---|---|---|---|
| Constellation | 36 Month Home Power Plan | 36 | 16.79 ¢ | Details |
| Direct Energy | Live Brighter 33 | 33 | 16.89 ¢ | Details |
| Direct Energy | Live Brighter 36 | 36 | 16.99 ¢ | Details |
| XOOM Energy | SureLock 12 | 12 | 18.49 ¢ | Details |
| Direct Energy | Live Brighter 12 | 12 | 19.09 ¢ | Details |
| Direct Energy | Live Brighter 18 | 18 | 20.29 ¢ | Details |
Compare these alternate supplier rates vs. the utility rate. The UI Connecticut electricity rate as of January 2023: 21.9429¢/kWh.
NOTE: Utility rates in Connecticut change every January and July. Your savings, if any, will depend on the utility rate. And, if the utility rate drops again in July 2023, you can switch back with little to no termination penalty.
Shop Fixed Electricity Rates in Connecticut
Read More: How to shop for an electricity plan in CT >>
About Standard Service Offer Electricity Rates in Connecticut
Your local utility company (Eversource or UI) offers the Standard Service Offer (SSO). This rate changes twice a year, January 1st and July 1st. Your rate is based on how much money they spent procuring electricity on the wholesale market. The Connecticut Public Utilities Regulatory Authority (PURA) reviews and approves rates.
You can check the Connecticut electricity rate history for standard service offers. Here are Eversource electricity rates and UI electricity rates.
Since the SSO rates change twice a year, it’s hard to estimate any savings you may get by switching. After all, no one knows what the next SSO will be. So no electricity supplier can make a savings claim, because it’s not an apples to apples comparison.
But you can look at the history of utility rates in your area to get an idea of the direction that rates are taking.
Switching to a new supplier lets you protect your electricity rate from inflation. And if the utility rates drop? Switch back to the utility with no penalty.