Tuesday, February 24, 2015

Follow-up: Bait and Switch - Electric Supplier Edition

Lawmakers Seek To Ban Variable Rate Electricity Contracts

Lawmakers signaled Tuesday they would revisit the controversial third-party electricity supplier market and seek to ban variable rates in residential electricity contracts.

It will be the second consecutive year the legislature aims to address consumer complaints about third-party suppliers, who they say attract customers with deceptively low teaser rates that quickly expire and leave consumers open to paying variable rates well above the standard rate available from a utility company.

Hugh McQuaid | Feb 24, 2015 3:44pm

Thanks to CT News Junkie for keeping on top of this!

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