Comparison of CCA fixed rates to variable utility rates
Going on six months into the contracts for fixed-rate supply, analysis shows these have provided a modest savings or are breaking even (green option in NYSEG territory) versus the variable rate utility supply.
These calculations are derived by taking the 1st to the last day of the month as the from-to period for this indicative calculation. The number on your bill will use the rates during the from-to period of your bill, and so will differ in a given month. For the averages, we used half of May since we were not fully enrolled at that time.
In sum, in NYSEG territory the standard supply fixed rate of 6.950 cents per kwh started out higher than utility supply but has caught up and the average through October is now about 0.16 cents better. The green option fixed rate of 7.085 cents has just moved to breaking even.
In Con Ed territory standard supply (7.381 cents/kwh) has saved an average of about 2/3 of a cent per kwh versus the utility rates and green power (7.681 cents) about 1/3 of a cent on average since the start.
We are working to obtain data to support more refined calculations (weighting by usage) and will post these updates and the small business rate analysis asap. And as always when talking about rates, we are obliged to remind our customers that we cannot predict whether our fixed rates will outperform variable utility rates by the end of the contract term. At the same time, it is important to remember that an important value of our fixed rates is the protection against rate hikes.
NYSEG Territory (Constellation) – vs. NYSEG Utility Rates – Residential
Con Ed Territory (Con Ed Solutions) vs Con Ed Utility Rates – Residential