OCC: Residential Customers on Retail Supply Paid $5.3 Million More Than Default Service in October
January 17,2020
The Connecticut OCC published a report stating that, in the month of October 2019, residential Eversource customers who chose suppliers paid in aggregate $3,913,159 more than the Standard Offer for their electric generation, and residential UI customers who chose suppliers paid in aggregate $1,409,725 more than the Standard Offer.
OCC said that, in the month of October 2019, eight out of ten residential supplier customers paid more than the Standard Offer in Eversource territory, and over eight out of ten residential supplier customers paid more than the Standard Offer in UI territory.
OCC's report provided a list of all electric suppliers who charged at least 20% of their residential customers 12.184 cents/kWh (50% higher than Eversource standard service) or 12.529 cents/kWh (50% higher than UI standard service) or more in the month of October.