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__DumB_LoVE__ t1_j2492qx wrote

I was told that it’s extremely important to read the fine print when looking into other suppliers. A co-worker told me one of the companies was cheaper than the ripoff artists at EverSource but you had to stay with them for a few years.

Has anyone else found this to be true?

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eddie964 t1_j24fkzg wrote

Eversource is legally required to buy evergy on customers' behalf via a process that is designed to minimize energy market price volatility. Energy prices have been high across the board, which is why Eversource had to raise its supply rate.

Some of the alternate suppliers are offering lower rates right now in the hopes you will lock into multi-year contracts and continue paying that rate even when market rates fall below it (at which point you will likely be paying more than Eversource's offer). Although you can switch suppliers any time you want, they are banking on you not noticing when market prices go back down.

So be careful to continue to monitor rates after you switch so that you don't get stuck with a higher rate for years to come.

Here is a pretty good discussion of this: https://ctexaminer.com/2022/12/19/if-youre-thinking-about-leaping-into-the-third-party-electric-market/

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WonderChopstix t1_j25eqzy wrote

I am counting on the fine people of this sub to let me know when it's time to change again

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Swede577 t1_j25e20n wrote

I just saw natural gas prices are crashing. In Europe they dropped like 80% since their high this year. Its almost certain electricity rates will come way down by July.

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jmcgit t1_j24ha1p wrote

When exploring plans on Energize CT they generally will tell you if there are any signup or cancellation fees or other strings attached. Still, the difference right now is so great (<17 cents vs >24 cents per kwh) that I think exploring other options is the way to go.

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thesbaine t1_j25lyfu wrote

>cancellation fees

CT has a law that bans cancellation fees. They're still listed on the site but buried in the docs there's the old "Cancellation fee does not apply in CT".

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