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The Lowest Electricity Rates In Connecticut.
Cheapest Electricity in Connecticut is clearly due to that states’ commitment to getting Energy Deregulation done right. It is clear that the incumbent utilities (Connecticut Light & Power and United Illuminating) have embraced Energy Deregulation and are working to bring the cheapest electricity possible to Connecticut residents and businesses which has given Connecticut companies a competitive manufacturing boost as well.
According to this report published in the Hartford Business Journal, it is said that because of Deregulation, Connecticut residents and businesses have benefited by the availability of more electricity generation, cleaner air because of the construction of more efficient, natural gas-fired generation plants, among other reasons cited in the article:
“It is clear that the competitive marketplace is working to the benefit of both customers and the environment,” said Paul Alfonso, executive director of the New England Energy Alliance (NEEA), which prepared the report.
The group’s report cited several achievements since restructuring began including:
More power: There are currently more than 4,000 megawatts of new electricity generation in various stages of development in Connecticut. Bringing all of that online will increase the state’s generation capacity by 50 percent. And that will help boost competition, reduce prices and create jobs.
Cleaner air: Construction of highly efficient, natural-gas-fired plants and a switch to cleaner fuels in plants already operating have helped significantly reduce emissions. Since 2005, carbon dioxide emissions from electricity plants have decreased 20 percent, nitrogen oxides by 61 percent and sulfur dioxide 77 percent.
More choice: Since 2005 there has been triple-digit growth in the number of Connecticut consumers served by competitive suppliers. Alternative suppliers now serve 20 percent of all state customers and supply half of all electricity sold in the state. There are now 35 energy companies investing substantial capital and employing hundreds of residents in the state.
Higher efficiency: More than 400 million kilowatt-hours of electricity-enough to supply over 47,000 homes-are conserved each year because of consumer-funded efficiency programs available through power utilities in the state. These programs are preventing the potential emission of greenhouse gases.
New resources: Many new types of ‘greener’ electricity generation-such as hydro, wind generation and biomass-are being developed in order to meet state standards of generating 27 percent of Connecticut’s entire energy load by the year 2020.
Connecticut Power & Light also notes on their CP & L History web page
(Conservation & Deregulation segment):
National deregulation, also commonly referred to as electric restructuring, began in the early 1990s. However, its roots date back to the Public Utility Regulatory Policies Act (PURPA) of 1978. This act allowed non-utility companies to build power generating facilities, laying the groundwork for deregulation as we know it today. Then, in 1992 the U.S. Congress passed the Energy Policy Act, removing many obstacles faced by companies trying to break into the energy generation market. Legislators felt that the Act would promote more competition in the market for power generation and would result in overall lower prices for customers.
In 1998, Connecticut began to deregulate when the state legislature passed a law to restructure the electric utility into three divisions: generation, transmission and distribution. On January 1, 2000, that law went into effect and CL&P no longer controlled the generation of power, as independent companies took ownership over the power plants. However, despite the loss of their generation ownership, CL&P and Northeast Utilities continued to oversee transmission and distribution through their substation facilities and power lines.
Cheapest Electricity in Connecticut is a reality today because of the dedication and cooperation between business and governments at all levels within the state. They are serving as an example for how to get Energy Deregulation done right to the benefit of all.