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CON EDISON SOLUTIONS RANKS NUMBER-ONE IN CONSUMER SAVINGS AMONG CONNECTICUT’S 28 ELECTRICITY SUPPLIERS

May 02, 2016

STATEWIDE SAVINGS OF $1.69 MILLION OUTPACE ALL COMPETING SUPPLIERS IN THE NUTMEG STATE, ACCORDING TO RECENT PRICE ANALYSIS 

ConEdison Solutions, a competitive supplier of electricity serving customers in the Eversource and UI utility service territories, ranked highest in consumer savings for the year 2015.

The company’s cost-saving leadership appears in a comparative price analysis issued recently by the State of Connecticut’s Office of the Consumer Counsel. The analysis assessed the cost performance of a total of 28 competing suppliers. The report revealed that customers statewide who selected ConEdison Solutions as their electricity supplier saved a total of $1,692,467 over the course of the year, with savings demonstrated in both Connecticut utilities’ service territories.

According to the Consumer Counsel’s analysis, the savings amount enjoyed by ConEdison Solutions customers in Connecticut reflects the difference customers paid with ConEdison Solutions as compared to the utility’s Standard Service price.

Residential electricity bills include charges for both energy supply and delivery service. On the energy supply portion of a bill, consumers have two purchase options: they can either buy supply through the “standard service” price set by their distribution utility, or they can choose an alternative supplier like ConEdison Solutions. The price of distribution service appearing on residential electric bills is not subject to competition.

As of this writing, ConEdison Solutions continues to offer electricity supply in both of the state’s utility territories at prices below the standard “default” rates offered by the local utility company.

“We are proud to offer our customers a variety of options for managing their energy budgets,” said Richard Rathvon, ConEdison Solutions’ Vice President, Retail Commodity Services. “Providing attractive product options at competitive prices requires a considerable degree of market expertise, and all of us at ConEdison Solutions are proud to be the best in Connecticut when it comes to offering value and savings to consumers.”

Competitive suppliers’ pricing data were provided by the suppliers to the state’s Public Utilities Regulatory Authority.
 
About ConEdison Solutions

ConEdison Solutions is a leading energy services company that provides competitive electricity and natural gas supply, renewable energy, sustainability services, cost-effective energy efficiency solutions, and energy performance contracting.  The company serves commercial, industrial, residential and government customers, including universities, public school districts, and hospitals nationwide.  Offering innovative products, financial stability, and a commitment to customer service, the company is based in Valhalla, New York, with offices in Burlington, Massachusetts; Cherry Hill, New Jersey; Falls Church, Virginia; Houston, Texas; Tampa, Florida; Overland Park, Kansas, Nashville, Tennessee; and Bloomington, Minnesota.  The firm’s dedicated team of energy professionals delivers a broad range of energy solutions.  ConEdison Solutions offers programs and services designed to help customers achieve their individual energy objectives and is accredited as an Energy Services Provider (ESP) by the National Association of Energy Service Companies (NAESCO).

ConEdison Solutions is a subsidiary and registered trademark of Consolidated Edison, Inc. (NYSE: ED).  More information can be obtained by calling 1-888-210-8899 or visiting the ConEdison Solutions website at www.conedsolutions.com.  You can also visit the Consolidated Edison, Inc. website at http://investor.conedison.com for information on all of the Consolidated Edison companies.
      
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