Commercial electricity and gas rates, energy market structure, regulations, and utility providers for property managers operating in Connecticut.
Connecticut has a deregulated electricity market where commercial customers can choose competitive electricity suppliers. Eversource and United Illuminating (Avangrid) serve as the two distribution utilities. The CT Public Utilities Regulatory Authority (PURA) oversees retail competition. Connecticut consistently has among the highest commercial electricity rates in the continental United States.
What this means for property managers:
In Connecticut's deregulated market, you can shop for competitive electricity supply rates from third-party providers. This creates opportunities for cost savings through contract negotiation, but also requires active management of supply contracts, renewal timelines, and market price monitoring. Distribution charges remain fixed with your local utility.
Commercial customers can choose their electricity supplier from competitive providers.
Rising
Among the highest rates in the nation, driven by regional natural gas constraints (New England pipeline bottleneck), transmission costs, renewable energy mandates, and distribution system upgrades.
Connecticut does not have a statewide energy benchmarking mandate, but is exploring municipal-level requirements. The state's Comprehensive Energy Strategy targets significant commercial building energy reductions. Connecticut's Global Warming Solutions Act sets greenhouse gas reduction targets of 45% below 2001 levels by 2030. PURA has been implementing performance-based regulation reforms for utilities.
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