Electricity rates got you down?

Finally a significantly cheaper energy supplier has entered the market.

Public Power and Utility

Alternative Electricity Provider To Charge Less
By David Krechevsky

An alternative electricity provider already offering Connecticut Light & Power and United Illuminating customers a significantly lower rate plans to cut that rate even further on Friday.

Public Power & Utility of New Milford, which electrician David Pearsall opened in November to serve as an alternative for CL&P and UI customers, said this week it will cut its rate by about 2 percent.

PP&U currently offers electricity at 10.494 cents per kilowatt hour, nearly 11 percent below CL&P’s standard residential rate of 11.78 cents and about 14.5 percent below UI’s rate of 12.28 cents.

Friday, PP&U will reduce its rate to 10.294 cents/kWh. According to a comparison calculator on the company’s Web site, the typical CL&P customer using 700 kilowatt hours a month would save $10.40 per month by switching to electricity supplied by PP&U.

It should be noted that this is what competition brings in a free (somewhat) market.

Tags: Electric Rates, Electricity, PP&U