Should Your Business Stay with Eversource? What Every Business Owner Needs to Know About Electricity Supply Choices

Eversource Energy is one of the largest utility companies in the Northeast, providing electricity, natural gas, and water to millions of customers across Connecticut, Massachusetts, and New Hampshire. As a regulated utility, Eversource owns and maintains the power lines and infrastructure but they are not your only option for electricity supply.

If you're a business owner in a deregulated state, you have the legal right to choose your electricity supplier. And with energy costs on the rise, shopping for supply rates could save your business thousands each year.

This article breaks down who Eversource is, what services they provide, and how switching suppliers could benefit your bottom line.

Who Is Eversource Energy?

Eversource Energy is a Fortune 500 company headquartered in Hartford, Connecticut and Boston, Massachusetts. With over 10,000 employees and millions of commercial and residential customers, Eversource handles electric transmission and distribution, natural gas delivery, and water services in parts of:

• Connecticut

• Massachusetts

• New Hampshire

They are the default utility provider in many areas. That means if your business hasn’t selected a third-party supplier, Eversource becomes your “standard offer” supplier, charging you the default supply rate.

What Does Eversource Handle?

Eversource manages the delivery side of your energy service. That includes:

• Power line maintenance

• Meter reading

• Emergency response

• Infrastructure upgrades

However, your supply (the actual electricity you use) can be purchased from other licensed suppliers. This is where many businesses find savings.

What’s Included in Your Eversource Bill?

Your business's electric bill has two parts:

1. Delivery Charges (Eversource) – These are fixed and regulated by your state. All customers pay these, regardless of their supplier.

2. Supply Charges (Choice) – This is the rate per kilowatt-hour (kWh) for the electricity you consume. You can choose a supplier with a lower rate.

Even a small difference in supply rate can lead to major cost savings for high-usage businesses.

Eversource Rates: How They’re Set

Eversource’s supply rates are updated twice a year and are based on state-approved auctions. These rates can swing significantly depending on market volatility, weather patterns, and generation capacity.

• In 2022, Connecticut businesses saw rates spike to over 17¢ per kWh.

• In 2023 - 2024, some rates dropped but remain volatile.

• Eversource does not negotiate prices for individual businesses.

If you're using Eversource's standard offer, you're at the mercy of these fluctuations.

Why Businesses Choose an Alternative Supplier

Here’s why thousands of businesses are making the switch:

✅ Lower Supply Rates – Lock in a lower fixed rate for 12, 24, or 36 months.
✅ Budget Predictability – Avoid seasonal price spikes and market volatility.
✅ Customized Contracts – Tailor terms to match your usage profile.
✅ One-Bill Option – Many suppliers still offer one combined bill through Eversource.

And remember: you still get the same reliability, emergency service, and delivery support from Eversource, even if you switch suppliers.

What About Green Energy?

Eversource is investing in clean energy infrastructure, but many third-party suppliers offer custom green energy plans that go above and beyond. If sustainability is part of your brand or ESG goals, alternative suppliers often offer:

• 100% renewable electricity

• REC-backed solar and wind energy

• Carbon-neutral gas options

How to Switch From Eversource Supply

Switching suppliers is easy:

1. Compare rates from licensed energy suppliers in your state.

2. Choose a plan based on price, contract length, and features like green energy or one-bill service.

3. Sign an agreement.

4. Your new rate will show up automatically on your Eversource bill no service interruption.

You can still call Eversource for outages, emergencies, or questions about delivery.

Risks of Staying on the Default Rate

Staying with the Eversource standard offer can mean:

• Paying higher rates than competitors who locked in low supplier pricing.

• Being exposed to seasonal rate hikes.

• Missing out on contract options tailored to your usage profile.

Real Business Example

ABC Manufacturing in Massachusetts was using 150,000 kWh/month on Eversource’s default rate of 14.2¢/kWh.

They switched to a supplier offering 10.6¢/kWh for a 36-month term:

• Monthly savings: $5,400+

• Annual savings: Over $64,000

• No change to delivery or service

Final Thoughts: Should You Stick with Eversource Supply?

If you’re a business owner in a deregulated state served by Eversource, sticking with the standard offer could be costing you money.

By shopping the market, you can:

• Lower your energy bills

• Improve cash flow

• Predict your monthly utility costs

• Choose plans that align with your business values

Next Step: Compare Your Supply Rate Today

See if your business qualifies for lower commercial electricity rates. Get a free, no-obligation quote from competitive suppliers in your area.

Want expert help? Contact Bid On Energy a commercial energy marketplace that helps you compare live supplier bids.

📞 Call: (302) 360-8110
📧 Email: Support@BidOnEnergy.org
🌐 Visit: https://BidOnEnergy.org

Your utility is Eversource. Your supplier is your choice.
Make the choice that saves your business money.