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CT Electricity Retail Market

CT Electricity Retail Market. Commercial – Industrial Update 12/14/2010. CBIA Energy Connections. Established in 1999 – initially for natural gas Provide market advice and procurement services for member companies Licensed Electricity Aggregator since 2000

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CT Electricity Retail Market

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  1. CT Electricity Retail Market Commercial – Industrial Update 12/14/2010

  2. CBIA Energy Connections • Established in 1999 – initially for natural gas • Provide market advice and procurement services for member companies • Licensed Electricity Aggregator since 2000 • Aggregation approach for small/med. users • Unique auction process for large users • Currently serve over 700 member companies comprising over 200 megawatts of load

  3. Vibrant Market • 30 Licensed Suppliers • 47 Registered Aggregators/Brokers • CL&P and UI • 87% of Large Business and 79% of Small Business volumes being served by Electric Suppliers • Best prices in five years

  4. 2 Year NG Calendar Strip

  5. Product Options • Monthly variable • Fixed all-inclusive commodity price • Fixed commodity – variable ancillaries • Block purchasing – usually fixed ancillaries • Long term • Short term

  6. Supplier Contract Variations • Pricing terms • Fully fixed • Partially fixed • Totally variable • Variable using on-peak prices • Variable to fixed • Swing factors - Bandwidths • Payment terms • Potential liquidation costs

  7. Broker Agreements • Be careful what you sign!!! • Most agreements provide exclusivity • Suppliers will only bid through one broker • Potential financial consequences if cancelled • Long terms with long notification periods • Authority to execute without your review

  8. Summary • Market prices have never been better • Price isn’t the only consideration. • Many variables in offerings • What you don’t know can hurt you • Work only with organizations you trust

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