Eversource Energy: Commercial Electricity Pricing in Connecticut
Eversource Energy, serving much of Connecticut, offers commercial electricity plans that vary depending on market conditions and regulatory oversight. For businesses, the company provides both fixed and variable rate plans, allowing customers to manage their electricity costs based on their consumption needs and market trends.
Current Commercial Energy Pricing
For 2024, Eversource offers small general service (Rates G1, G4, G5, etc.) at $0.17552 per kWh for the first half of the year, transitioning to $0.15677 per kWh from August through January 2025. Larger commercial accounts (NEMA rates G2, G3, EV2) have more varied rates, starting at $0.12114 per kWh for the third quarter and increasing to $0.17709 per kWh from November 2024
The company also provides monthly variable rates, allowing businesses more flexibility to adapt to changes in market conditions. For example, in November 2024, the variable rate for larger general service (NEMA) customers is set at $0.12252 per kWh, but this rate is subject to change depending on monthly fluctuations
.
Historical Rate Trends
Eversource’s commercial electricity rates have experienced fluctuations due to market changes and regulatory adjustments. In recent years, the supply portion of electricity bills has increased, driven primarily by the rising costs of natural gas, the primary fuel source for electricity generation in New England. For example, standard service rates increased by approximately 39% between 2023 and 2024 due to higher natural gas prices
.
Cities and Towns in Eversource’s Connecticut Service Area
Eversource serves numerous cities and towns throughout Connecticut in both regulated and deregulated areas. Some major cities include Hartford, New Haven, Stamford, Bridgeport, and Waterbury, where businesses can choose between Eversource’s supply service or a competitive third-party energy supplier. Deregulated areas in Connecticut allow businesses to shop for competitive electricity prices while still receiving distribution services from Eversource
.
Stock Market Information and Future Outlook
Eversource Energy is a publicly traded company under the stock ticker ES on the New York Stock Exchange (NYSE). As of 2024, the company continues to invest in infrastructure and technology to improve grid reliability and energy efficiency. Analysts project that energy prices, including commercial electricity rates, will remain volatile due to ongoing geopolitical issues and natural gas supply challenges
.
Future Commercial Energy Pricing
Looking ahead, Eversource’s commercial energy rates are expected to continue adjusting based on market conditions. Factors influencing future rates include changes in the cost of natural gas, regulatory shifts, and demand fluctuations due to economic conditions
Contact Information for Competitive Energy Supply
For businesses looking to compare Eversource’s commercial rates with third-party suppliers, using an energy broker can help secure more competitive pricing. For assistance with energy comparisons, you can contact Group Energy:
- Phone: 402-431-2646
- Website: GroupEnergy.org
- Email: support@groupenergy.org
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Eversource Energy: Commercial Electricity Pricing in Connecticut
Eversource Energy, serving much of Connecticut, offers commercial electricity plans that vary depending on market conditions and regulatory oversight. For businesses, the company provides both fixed and variable rate plans, allowing customers to manage their electricity costs based on their consumption needs and market trends.
Current Commercial Energy Pricing
For 2024, Eversource offers small general service (Rates G1, G4, G5, etc.) at $0.17552 per kWh for the first half of the year, transitioning to $0.15677 per kWh from August through January 2025. Larger commercial accounts (NEMA rates G2, G3, EV2) have more varied rates, starting at $0.12114 per kWh for the third quarter and increasing to $0.17709 per kWh from November 2024
The company also provides monthly variable rates, allowing businesses more flexibility to adapt to changes in market conditions. For example, in November 2024, the variable rate for larger general service (NEMA) customers is set at $0.12252 per kWh, but this rate is subject to change depending on monthly fluctuations
.
Historical Rate Trends
Eversource’s commercial electricity rates have experienced fluctuations due to market changes and regulatory adjustments. In recent years, the supply portion of electricity bills has increased, driven primarily by the rising costs of natural gas, the primary fuel source for electricity generation in New England. For example, standard service rates increased by approximately 39% between 2023 and 2024 due to higher natural gas prices
.
Cities and Towns in Eversource’s Connecticut Service Area
Eversource serves numerous cities and towns throughout Connecticut in both regulated and deregulated areas. Some major cities include Hartford, New Haven, Stamford, Bridgeport, and Waterbury, where businesses can choose between Eversource’s supply service or a competitive third-party energy supplier. Deregulated areas in Connecticut allow businesses to shop for competitive electricity prices while still receiving distribution services from Eversource
.
Stock Market Information and Future Outlook
Eversource Energy is a publicly traded company under the stock ticker ES on the New York Stock Exchange (NYSE). As of 2024, the company continues to invest in infrastructure and technology to improve grid reliability and energy efficiency. Analysts project that energy prices, including commercial electricity rates, will remain volatile due to ongoing geopolitical issues and natural gas supply challenges
.
Future Commercial Energy Pricing
Looking ahead, Eversource’s commercial energy rates are expected to continue adjusting based on market conditions. Factors influencing future rates include changes in the cost of natural gas, regulatory shifts, and demand fluctuations due to economic conditions
Contact Information for Competitive Energy Supply
For businesses looking to compare Eversource’s commercial rates with third-party suppliers, using an energy broker can help secure more competitive pricing. For assistance with energy comparisons, you can contact Group Energy:
- Phone: 402-431-2646
- Website: GroupEnergy.org
- Email: support@groupenergy.org