Fixed rate electricity plans are the most popular electricity plans in Connecticut offering convenience and security. They’re convenient because you don’t have to monitor your usage or think about what your rate will be next month. 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.
How to Shop for the Best Fixed Rate Electricity Plan
There are many alternative electricity suppliers in Connecticut, all offering a variety of plans. Most are straightforward fixed rate term plans, but there can be a lot to sort through. That’s why we created ElectricityPlans. We work with top rated suppliers, offering you their most popular electricity plans. We help you find the deal that’s best for you and your home.
When shopping for a fixed rate CT electricity plan, it’s helpful to know your approximate monthly usage. This will allow you to consider how much you are paying per month now, versus how much you will be paying per month when you lock in your fixed price.
But all you really need to get started is your zip code. Enter your zip code above, and we’ll show you the best fixed price electricity plans in your area.
Read More: How to shop for an electricity plan in CT >>
About Standard Service Offer Rates in Connecticut
Your local utility company (Eversource or United Illuminating) offers the standard service offer. This rate will change twice a year, in July and December, based on how much money they spent procuring electricity on the wholesale market. Rates are reviewed and approved by the Connecticut Public Utilities Regulatory Authority (PURA).
Your savings compared to the Standard Service Offer may vary depending on the time of year, and the term of the fixed rate contract you agree to. Typically, your savings are highest in the winter and spring season, when the utility rates have a history of being high. Your savings are lowest during the summer and fall season, when the utility rates have a history of being high.
Be a smart shopper, and review the history of rates in your utility market. You can save compared to the utility rate.