electric prices

Heat Wave Causes Electricity Prices to Spike in PJM

July 14, 2010

  The heat wave that was present in the Northeast and Mid-Atlantic last week caused a spike in electricity demand which in return increased hourly prices in the electric wholesale market.  Weather is the key variable for electricity demand.  Warmer than average weather causes an increase in demand as people turn their air conditioning down, forcing [...]

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UI Lower Electric Rates

July 13, 2010

There are currently savings for Connecticut electricity customers who are serviced by the utility the United Illuminating Company (UI).  Both residential and business customers are finding savings by shopping the competitive electric market. Residential electric customers in the UI service area are paying a default rate of 11.568 cents per kilowatt hour.  The lowest electric [...]

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Hurricane Season May Raise Electric Rates

July 1, 2010

The National Weather Service’s Climate Prediction Center is expecting a rough Hurricane season in 2010 that may have a negative effect on retail electricity prices.  Electric rates in the majority of competitive electric markets have a direct correlation with natural gas prices.  Bad hurricane seasons result in a decline in natural gas production that eventually pushes [...]

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CLP Electric Rate Update

June 29, 2010

Competitive electric rates in Connecticut remain well below the price to compare default rates of CLP.  Despite this, only 27% of customers (residential, commercial, and Industrial) have chosen an alternative supplier. Small and medium commercial customers in the CLP territory on default service (i.e. have not chosen a competitive supplier) are paying a rate of [...]

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Savings for Atlantic City Electric Customers

April 27, 2010

Southern New Jersey commercial and industrial customers can now see significant savings on their electric bills if they choose to shop the competitive market for an alternative supplier.  Savings as much as 22% off of the basic generation service default rates have been achieved for many businesses. Many customers on the MGS and AGS rate [...]

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