Electricity customers approached by sales reps from North American Power should be careful before signing an electricity contract with the supplier. North American Power contracts that offer a variable rate are likely to increase almost immediately. Their contracts do not even guarantee that the rates they advertise on their site will be locked in for the first month.
The company promotes their rates by emphasizing that by choosing them you will be supporting charitable organizations. This is true, however it should be noted that you will be doing this as an extra cost to you, by paying more on your electric bill. You can support these charitable organizations without choosing North American Power as your electricity supplier. By choosing a variable rate with North American Power, you will pay a price for electricity at the company’s choosing.
Current North American Power prices for customers in the Connecticut Light & Power (CL&P) territory are listed as $0.0899 per KWh. However, customers in this area are paying $0.0999 cents per KWh on their most recent bill, a price that is even higher than the CL&P default rate.
We strongly recommend not choosing a variable rate for your electricity for the simple reason that the price has no ceiling. In contrast, a low fixed electric rate can guarantee you savings if the rate is lower than your utility’s default price to compare. The fixed rate will be fixed for a set term indicated on the electricity agreement that you choose.