Deregulation = Decreased Rates

Now you can choose a lower Supply rate from us instead of the higher rate of your local utility.

When Connecticut and 16 other states deregulated their energy markets it opened the industry to competition and allowed companies like North American Power to buy energy in the wholesale markets and pass the savings on to you.

The electricity we purchase flows into the New England Power Pool and is delivered to your home or business by CL&P and UI via existing power lines just as it always has.

CL&P and UI agree to work with us because deregulation mandates that neither CL&P or UI can profit from the Generation portion of your bill. They are delivery companies and we are a supply company and luckily for consumers both utilities have agreed to combined billing so that our customers still receive just one utility bill each month.

Combined, both utilities currently deliver newly deregulated energy to over 260,000 customers who are enjoying considerable savings each year on the same exact electricity as customers who have not chosen to lower their rate with a company like North American Power.

You may be wondering:

Q: Why can’t CL&P or UI simply lower their Supply rates?
A: CL&P and UI enter into long term fixed-rate contracts to help protect their customers from changes in generation costs, but they pay a premium for the decreased risk. As a result, Connecticut’s rates are currently among the highest in the continental United States.

Q: Will CL&P and UI lose money?
A: No. As part of deregulation, CL&P and UI do not take a profit on the supply portion of your bill. CL&P and UI only purchase electricity for their customers that do not choose an electric supplier like North American Power.

Have more questions? Visit our FAQ.