Survey finds Connecticut consumers strongly favor retail electricity market

Boston, MA – 4/30/10 – Survey results released today by the New England Energy Alliance (NEEA) finds that a compelling 88 percent of Connecticut consumers support having competition in the electricity industry.  The survey also finds consumers strongly favor having the choice to buy electricity from alternative electricity suppliers in addition to utility companies.

This sentiment is in sharp contrast to legislation currently under consideration by the Connecticut General Assembly that would dampen competition in Connecticut’s wholesale and retail electricity marketplace which was established more than a decade ago along with four other New England States.

“These results show that a super majority of slightly more than 75 percent of consumers believe that competition among private companies is the best way to lower electricity prices, rather than creating greater state authority over the electricity industry,” said NEEA’s Executive Director Paul G. Afonso.  “The findings offer important guideposts to the legislature regarding the opinion of ratepayers who are also voters.”

The survey also found that 75% of consumers favor maintaining a requirement that electric companies provide information to consumers on how to choose alternative electricity suppliers. The consensus is that consumers need more information rather than less on electricity choice and competition options.

A clear majority of consumers (83 percent) expressed preference for the current billing method of receiving one monthly electric bill, rather than two, if electricity is purchased from an alternative supplier – a change also considered this legislative session.

“The survey also found that 75% of respondents felt it was extremely important that the Legislature focus on job creation and economic development, while just 24% had the same feeling about additional regulation of the electricity companies.   “The Legislature seems out of touch with the concerns of consumers,” said Afonso.

The telephone survey was performed for NEEA by Opinion Dynamics Corporation of Waltham, MA.  Interviewing was conducted between April 14 – 21 among 241 registered voters (consumers) in Connecticut as part of a broader, region-wide survey.  The margin of error on the Connecticut portion of the sample is ±6.3%

The question-by-question results are available on NEEA’s website. (www.newenglandenergyalliance.org).

To contract your electricity now, visit www.bcc-energy.com.

Improving economy will mean higher electricity rates ahead

Natural Gas: May ’10 natural gas ended the week at $4.03/mmbtu after jumping above $4.25/mmbtu during intra-day trading on Wednesday, aided by signs of improving economic conditions. On Thursday, prices plunged 21 ½ cents to $3.985/mmbtu, erasing the previous two days gains, after the EIA reported a larger than expected storage injection of 87 Bcf.

While the price drop was small, the markets indicate rising prices are ahead.

Save 25% on heating cost this winter

Based on the present NYMEX natural gas prices, many companies have the ability to reduce their heating costs this winter by contracting their natural gas supply this winter.

You may wonder why and how you can save this much money?  Many of the local gas utilities have contracted their natural gas supplies this past summer, when prices were higher.  With the present economic upheaval that we are experiencing, gas prices have dropped.  And you can take advantage of that price drop by contacting Better Cost Control to contract your natural gas supply for this winter.

Locking in a one year price guarantees that your price will not change for the term of the contract.  The utilities only publish their gas supply prices for a limited period of time, like six months.  So we can’t guarantee that you will save 25% after that period, because no one knows what the price of gas will be in six months.  But there is a reasonable chance that if you can save 25% this winter, even if prices go down in the November – December 2009 time frame, you will still come out a winner.  Contact us to learn more about protecting your electricity and gas budgets.

Nstar announces new Massachusetts electric rates

Nstar today announced its newly approved electric rates for the  January 1 – June 30 2009.  All prices below are in cents per kilowatt hour.

For fixed price customers:

  • Commercial: 12.707
  • Industrial NEMA: 10.673
  • Industrial SEMA: 11.963

For Variable Price Option

Commercial:

  • Jan: 14.228
  • Feb: 14.329
  • Mar: 12.559
  • Apr: 11.849
  • May: 11.354
  • June: 11.704

Industrial NEMA:

  • Jan: 11.044
  • Feb: 11.313
  • Mar: 9.624
  • Industrial SEMA

  • Jan: 12.347
  • Feb: 12.591
  • Mar: 10.909
  • You can eliminate your electricity price risk and save money by locking in your electricity pricing with longer term contracts.  Better Cost Control is a licensed electricity broker that represents all the electricity generation companies in the Commonwealth of Massachusetts.  We will obtain the lowest possible prices for your commercial and business electricity requirements.  Contact us at 617-332-7767 x150