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  • Major Electric Bill Surge Hits Connecticut
    Major Electric Bill Surge Hits Connecticut Amid Eversource’s Financial Turmoil Connecticut is bracing for a significant uptick in electricity costs as Eversource, the state’s largest utility provider, announces plans for a staggering $784 million rate adjustment. This move, set to commence on May 1, threatens to escalate Connecticut Light & Power electric rates by nearly 19%, ...
  • Power Outages Sweep Across Connecticut
    Power Outages Sweep Across Connecticut Amid Powerful Wind Gusts In a sudden turn of events that disrupted the daily lives of many, thousands of Eversource customers found themselves in the dark on Monday afternoon, as powerful wind gusts swept across Connecticut, causing widespread power outages. As of approximately 4:30 p.m., Eversource, one of the state’s primary utility ...
  • Connecticut’s Quest for Fair Electricity Pricing
    Navigating the Currents of Change: Connecticut’s Quest for Fair Electricity Pricing In a move signaling the ongoing struggle with rising energy costs, Connecticut’s major utilities, Eversource and United Illuminating, are seeking regulatory approval for upward adjustments to their rates. This request is aimed at covering the increasing costs of electricity procurement for Connecticut customers, amidst the ...
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Unlocking the Power: The Significance of Connecticut Electricity News

In the fast-paced world of energy, staying informed about the latest developments is crucial for making informed decisions. Connecticut Electricity News emerges as a beacon, guiding residents through the intricate landscape of power supply, consumption, and innovations. This article explores the importance of Connecticut Electricity News and why individuals should make it a habit to stay updated on the latest in the state's energy sector.

1. Real-Time Updates for Informed Decisions: Connecticut Electricity News provides real-time updates on the dynamic electricity market. Whether it's changes in rates, emerging technologies, or shifts in energy policies, staying informed allows readers to make strategic decisions about their energy consumption, potentially saving money and contributing to a more sustainable future.

2. Insightful Analysis for Energy Consumers: Understanding the intricacies of electricity pricing and consumption can be a daunting task. Connecticut Electricity News breaks down complex concepts into digestible, reader-friendly content. The insightful analysis helps energy consumers grasp the nuances of the market, empowering them to make decisions that align with their individual needs and preferences.

3. Sustainable Living Made Simple: As sustainability becomes an increasingly vital aspect of our daily lives, Connecticut Electricity News sheds light on eco-friendly practices and renewable energy sources. Readers can learn about the latest green initiatives, energy-saving tips, and how to contribute to a more sustainable, environmentally conscious lifestyle.

4. Navigate Regulatory Changes with Ease: Energy policies and regulations can change swiftly, affecting both consumers and businesses. Connecticut Electricity News serves as a reliable source for staying updated on regulatory changes. This ensures that readers are aware of any alterations that may impact their energy costs or influence their choices in the energy market.

5. Unveiling Innovation in Energy Technology: Connecticut Electricity News is at the forefront of showcasing cutting-edge innovations in energy technology. From advancements in smart grids to the latest in energy storage solutions, the platform introduces readers to the tools and technologies that are shaping the future of electricity in Connecticut.

6. Community Connection through Shared Experiences: The platform fosters a sense of community by sharing experiences, challenges, and success stories related to energy consumption. Readers can connect with others facing similar situations, learn from shared experiences, and gain valuable insights into optimizing their own energy use.

7. Navigating Energy Efficiency Programs: Connecticut Electricity News educates readers on available energy efficiency programs and incentives. By staying informed about these initiatives, individuals and businesses can take advantage of opportunities to reduce their carbon footprint and benefit from cost-saving measures.

The price of CT natural gas and CT electricity is rising. ACT NOW!

Since April of last year -- you’ve heard Bid On Energy, and others warning of an upcoming Connecticut natural gas and Connecticut electricity price hike that could impact energy prices for years. That moment is finally here.

If you have not already hedged CT gas or CT electricity contracts expiring in the next several months, NOW is the time for action. We do not say this lightly. If you do not procure your power needs NOW for 2024 AND 2025, you will be looking at a 20-40% increase in energy costs for your business and or portfolio for years to come.

There have been warning signs and data to back this up. Our own President and National Security Advisor have openly discussed their concerns. While this was in the context of gas prices at the pump it should give pause to how this will impact your business.

Not convinced of Bid On Energy's advice and data?

Look at what Goldman Sachs is saying about potential natural gas and that Natural gas prices are rising and could be the most expensive in 13 years this winter!

Based on the shape of prices in the forward markets, anyone who hasn’t already hedged their natural gas / electricity or has contracts expiring in the next 18 months including commercial electricity, should heed the following recommendations for hedging your gas and or power needs.

What can you do?

  1. Anyone who has not already hedged their natural gas or electricity, or their contracts expire within 18-months, look to execute hedges starting in 2023 thru 2025. The Risk of inflation is high and hedging energy for natural gas near $3.00 per MMBtu is in your customer’s best interest.
  2. If you have no contracts expiring in the coming months, wait for a “pullback” from the current pricing to execute hedges through the end of 2023 AND 2024. When the market increases exponentially as it is currently, there will be an equally sharp pullback in the future. Weather is often the primary trigger for this. If there is a cold winter the decline may not come until spring 2024.
  3. If you have hedges expiring within the next few months, set up a 15-minute strategy call. We will help you determine whether to wait or lock-in rates long-term immediately.