Winter storm warning: The National Weather Service has posted a Winter Storm Warning for parts of the state Wednesday morning through Thursday morning.  Stay with WTIC NewsTalk 1080 for the latest forecast, and for traffic problems resulting from the weather. Read More

Local News

Competitive Electric Suppliers Costing Consumers More Than $13M Monthly

View Comments
Electric worker restores power (Mario Tama/Getty Images)

Electric worker restores power (Mario Tama/Getty Images)

HARTFORD (CBS Connecticut) _ New state data cements consumers complaints about the competitive electric supplier market.

An independent consultant found that on a monthly basis, customers that go with a competitive electric supplier as opposed to the standard offer are overpaying by more than $13 million.

“In my opinion, those numbers are probably conservative because that was before the winter cold spike when we saw the prices really go up,” said State Consumer Counsel Elin Katz. “We’re going to be updating the data and I think that you will see even higher numbers.”

Nine out of 10 CL&P and 7 out of 10 UI customers are overpaying.

Katz plans to introduce regulatory proposals next week.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 882 other followers