The “Energy Plus Scam” was just the beginning of electric companies taking advantage of customers. Now add to the list Connecticut Gas & Electric (CTG&E).
In a recent report done by NBC Connecticut Troubleshooters it was revealed that customers are being tricked by providers with bait and switch tactics. It was also revealed that the company is not from Connecticut but its head office is in Florida.
PURA or Public Utilities Regulatory Authority is looking into several providers out of the 50 plus electric companies in Connecticut. If there is anything illegal PURA will shut it down.
Many want to give up on deregulation saying it does not do what it was meant to do which is save people money. Others think it should run its course that in the end competition will lower prices.
There will always be companies trying dishonest tactics to make a quick buck. The trick is to make sure everyone is educated to spot it and go the other way.
We have been warning customers to stay away from variable rates for years. We encourage customers to sign up with fixed rates even if they are higher than variable plans.
A variable plan is very similar to “slamming” which is when an energy provider hikes prices. Providers are allowed to raise rates when the market goes up but doing it on a whim is just wrong.
People should not stop shopping for lower rates just because there are a few providers looking out for their own. There are over 50 electric companies to choose from and most put the customer first.
Donny has been writing about the deregulated energy markets since early 2007. His knowledge has helped consumers lower their electricity cost.