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New England Businesses Saved $1.7 Billion with One Simple Switch

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We've highlighted how electric choice has saved billions for commercial customers across the country. 

What about in New England? 

Energy Research Consulting Group (ERCG) recently released an independent study examining the retail electricity savings achieved by commercial customers in a number of competitive U.S. states and regions. 

According to the study, commercial electric savings were particularly high in several New England states. Between 2011 and 2015, commercial customers in four states — Connecticut, Massachusetts, New Hampshire and Rhode Island — collectively saved an estimated $1.7 billion simply by switching to a retail energy provider. That directly translates to an average of $347 million in commercial electric savings each year. 

As a collection of different states, New England’s market rate design is also a mix of different state energy policies, with Connecticut having the longest procurement period and Massachusetts having the shortest timeline. Additionally, New Hampshire’s largest utility is still in the process of divesting uneconomic generation, which has led to a competitive disadvantage for commercial customers within the Granite State. Thus, there may be even more electric savings potential in the region. 

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Our new eGuide further showcases the savings achieved in in places like New England and highlights how your business can potentially make the switch to a retail energy provider. The slideshow below offers a brief preview of the report. 

Learn how businesses in other states have saved through electric choice. 

Download the Full Report

Posted: June 15, 2017