Lowest CL&P Electricity Prices
Electric bills in the CL&P service area are being reduced by customers who take advantage of electricity choice laws that allow consumers to shop for competitive power rates. The creation of a competitive electricity market in Connecticut’s two largest utility service markets, CL&P and the United Illuminating Company, has created an abundance of electric rate options for Connecticut residential electricity customers. The popularity in electric rate shopping is spreading as neighbors and friends are helping to educate people on the benefits of Connecticut electric choice.
The primary reason most people begin their research into competitive power prices is to save money. Lower electric rates, when compared to CL&P’s generation default rate, will result in clear electric bill savings. CL&P charges a default generation rate to customers who do not choose an alternative supplier. The CL&P default rate changes every six months and is based on an auction process held by CL&P for competitive electricity companies looking to service default paying customers. Power shoppers who lock in a low fixed electric rate are not effected by the changing CL&P default rate.
Finding the lowest CL&P electricity price can easily be done by using the ElectricRate.com price comparison tool which shows CL&P rates in a clear comparison price platform. Electricity companies are continually lowering their electricity prices in order to attract more CL&P customers as the market continues to mature and develop. Competitive companies are only able to offer low electricity prices for generation rates. The distribution rates continue to be charged by CL&P and regulated prices monitored by the Connecticut Public Utilities Regulatory Authority.
Below are current competitive low CL&P electricity prices from the most competitive electricity companies in Connecticut. Prices are updated every day.
Updated on
