Gulf Electricity, a division of Gulf Oil, announced this week that is it offering fixed rates for Connecticut customers that is about six percent cheaper than what CL&P and UI is now offering.
Gulf’s new rate is 7.2 cents per kilowatt hour for residential and small commercial customers in Connecticut Light and Power and United Illuminating service areas.
CL&P’s residential rate is now 7.615 cents per kwh for the first six months of the year. UI’s rate is 7.697 cents per kwh for the rest of the year.
Gulf also announced its new Gulf Electricity Power Points program that gives its customers a free $5 Gulf Gas Card for every 5,000 kilowatt hours they use.
Gulf Electricity entered the Connecticut electric market last year.
Consumers can also sign up for Gulf’s variable rate, which is now 7.2 cents per KWH but can change up or down.
“We are very pleased to provide additional savings for our current and future Gulf Electricity customers in Connecticut,” said Gulf Oil’s Senior Vice President and Chief Marketing Officer Rick Dery. “Gulf’s brand name has created trust for over 110 years. We are using our expertise in sourcing and distributing energy efficiently to bring savings to consumers who want the best value from a company they can rely on. You trust us on the road, now you can trust us in your home.”
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