Competitive markets favored over more state oversight to lower electricity prices
New England Energy Alliance For Immediate Release
Boston, MA – 4/30/10 – Survey results released today by the New England Energy Alliance (NEEA) finds that a compelling 88 percent of Connecticut consumers support having competition in the electricity industry. The survey also finds consumers strongly favor having the choice to buy electricity from alternative electricity suppliers in addition to utility companies. This sentiment is in sharp contrast to legislation currently under consideration by the Connecticut General Assembly that would dampen competition in Connecticut’s wholesale and retail electricity marketplace which was established more than a decade ago along with four other New England States.
“These results show that a super majority of slightly more than 75 percent of consumers believe that competition among private companies is the best way to lower electricity prices, rather than creating greater state authority over the electricity industry,” said NEEA’s Executive Director Paul G. Afonso. “The findings offer important guideposts to the legislature regarding the opinion of ratepayers who are also voters.”
The survey also found that 75% of consumers favor maintaining a requirement that electric companies provide information to consumers on how to choose alternative electricity suppliers. The consensus is that consumers need more information rather than less on electricity choice and competition options.
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July 6th, 2010
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