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From Report:

[ *** ]  RATES PAID BY CUSTOMERS OF LICENSED ELECTRIC SUPPLIERS

[ *** ] The EDCs are required to provide monthly lists, for residential and business customers, of all the rates billed by each electric supplier and the total number of customers billed at each rate.  For example, in December 2024, when the standard service rate for most Eversource residential customers was 8.995 cents per kWh, some Eversource residential customers paid licensed electric suppliers as much as 30 cents per kWh.

As has been well documented by OCC, customers with licensed electric suppliers have historically paid significantly more than customers with standard service. See, e.g., OCC Fact Sheet: Electric Supplier Market, November 2023 Through October 2024, December 2, 2024, p. 2 (“Since January 2015, when OCC started tracking supplier data, customers with a supplier have overpaid a total of $190,718,216 more than standard service.”). [ *** ]

During the first half of 2024, residential customers were more likely to have a more favorable rate with a licensed electric supplier, but nearly 30% of Eversource residential accounts and 5% of UI residential accounts enrolled with a supplier paid more than the Standard Service rate for generation supply. As shown in Table 2, below, the rates of a residential customer with a licensed electric supplier were far more likely to be higher than standard service rates in the second half of 2024. The percentage of residential supplier customers paying more than Standard Service increased significantly in the second half of 2024 for Eversource customers, with approximately 75% 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 over 53% of UI’s supplier-enrolled residential customers paying more than Standard Service.

Table 2: 2024 Residential Accounts, Monthly Supplier Rates 

Table 3, below, shows a similar trend for business customers. During the first half of 2024, just over 15% of Eversource business accounts and almost 5% of UI business accounts enrolled with a supplier paid greater than the Standard Service rate for generation supply. The percentage of business supplier customers paying more than Standard Service increased significantly in the second half of 2024 for Eversource customers, with over 90% of business customers enrolled with suppliers paying more than Standard Service. The number of UI business customers enrolled with a supplier and paying more than Standard Service also increased significantly, with more than 39% of UI’s supplier-enrolled business accounts paying more than Standard Service.

Table 3: 2024 Business Accounts, Monthly Supplier Rates

[ *** ] This report summarizes the state of electric competition by analyzing a variety of diverse indicators, including the average generation service charge and the standard service generation rates for residential and business customers, to demonstrate the market’s effects on customers who participate. [ *** ]

From Notice: 

[ *** ] The Public Utilities Regulatory Authority (Authority) will accept written comments from participants, in the docket cited above, concerning the Proposed Legislative Report that was issued on March 21, 2025. Written comments concerning the Proposed Legislative Report may be filed with the Authority’s Executive Secretary’s Office, on or before March 26, 2025, by 4:00 p.m.

IMPORTANT NOTICE: The Authority has indefinitely suspended the paper copy filing requirement. Anyone filing material with the Authority should file only an electronic copy through the PURA Web Filing System. Please refer to the Electronic Filing webpage for more information, including on confidential materials: Make An Electronic Filing  [ *** ] 

The Authority expects to submit this report to the joint standing committee of the General Assembly having cognizance of matter relating to energy on April 1, 2025.

Notice (03/21/2025)
Proposed Legislative Report (03/21/2025) 
24-11-01 (12/21/2023)
(2024 PURA Report to the General Assembly Regarding the State of Electric Competition)