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Office of Education, Outreach, And Enforcement Submits Legislative Report On State Of Electric Competition

Category: Uncategorized

The report highlights many items, including generation supply rates.  

From report: 

[ *** ] By correspondence dated November 20, 2014, in Docket No. 06-10-22, PURA Monitoring the State of Competition in the Electric Industry, the Authority directed the EDCs to begin submitting a listing of all rates billed by each supplier through utility consolidated billing (Monthly Supplier Rates). Since that time, the EDCs have submitted this information monthly in Docket No. 06-10-22.6 The Monthly Supplier Rates submitted by the EDCs provide all rates charged by each supplier for each month and the number of customers assessed that rate. The Authority highly encourages legislators and members of the public to review this data found in monthly compliance filings in the public docket.

Table 4 summarizes the residential Monthly Supplier Rates for 2023 for all customers that are billed through the EDCs. The data indicates that during the first half of 2023, less than 1% of Eversource residential customers and just over 1% of UI residential customers enrolled with a supplier paid greater than the Standard Service rate for their generation supply. For the first half of 2023, the average supplier rate in the Eversource territory was $0.13924 per kWh (compared to Standard Service rate of $0.24172 per kWh) and the average supplier rate in the UI territory was $0.12730 per kWh (compared to Standard Service rate of $0.24943 per kWh).

The percentage of supplier customers paying more than Standard Service increased significantly in the second half of 2023 for Eversource customers, with approximately 45% of customers enrolled with suppliers paying more than Standard Service. The number of UI customers enrolled with a supplier and paying more than Standard Service also increased significantly, with almost 50% of UI’s supplier-enrolled customers paying more than Standard Service. During the second half of 2023, the median supplier rate in the Eversource territory was $0.13775 per kWh, compared to a Standard Service rate of $0.13822 per kWh; in the UI territory, the median supplier rate was $0.13180 per kWh, compared to a Standard Service rate of $0.14334 per kWh.

** See Table 4 in Legislative Report**

For the first half of 2023 customers in the Eversource territory receiving service from a supplier paid $81.42 less per month than if they received standard service, and in the UI territory customers receiving service from a supplier paid $57.54 less per month. These differences were far less stark in the second half of the year, where an Eversource customer receiving service from a supplier paid only $3.32 less per month and a UI customer paid $9.22 less per month. 

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Legislative Report
23-11-01 (01/05/2023)