OCC: Residential Customers on Retail Supply Paid $6 Million More Than Default Service in Aug
November 01,2019
The Connecticut OCC published a report stating that, in the month of August 2019, residential Eversource customers who chose retail suppliers paid in aggregate $4,246,009 more than the Standard Offer for their electric generation, and residential UI customers who chose suppliers paid in aggregate $1,796,152 more than the Standard Offer.
OCC said that, in the month of August 2019, over eight out of ten residential supplier customers paid more than the Standard Offer in Eversource territory, and nine out of ten residential supplier customers paid more than the Standard Offer in UI territory.
OCC provided a list of all electric suppliers who charged at least 20% of their residential customers 12.79 cents/kWh (50% higher than Eversource standard service) or 13.57 cents/kWh (50% higher than UI standard service) or more in the month of August.