OCC: More Than Half Of Residential Shopping Customers Paid More Than Default Service In Sept. 2017
December 12,2017
The Connecticut OCC published an update to its comparison of electric supplier rates and Standard Service
OCC said:
• In the month September 2017, residential Eversource customers who chose suppliers paid in aggregate $2,722,984.15 more than the Standard Offer for their electric generation, and residential UI customers who chose suppliers paid in aggregate $1,493,667.13 more than the Standard Offer
• For the rolling year of October 2016 through September 2017, residential consumers who chose a retail supplier paid, in aggregate, $56,396,351.84 more than the Standard Offer.
• In the month of September 2017, over five out of ten residential supplier customers paid more than the Standard Offer in Eversource territory, and eight out of ten residential supplier customers paid more than the Standard Offer in UI territory
See OCC's full comparison here, which includes a break-out for each supplier listing the % of customers paying over a benchmark that's higher than the default service rate