resources Banking Notices

Discount Power Notice

August 06, 2013

Dear Member:

In 2010, I recommended to all members that they switch to Discount Power as their supplier of electricity. Our members initially saved 20% on the generation portion of their electric bills, when compared to the standard rates of UI and CL&P.

Over the past 3 and ½ years the energy markets have gradually changed. The advantage at Discount Power has eroded as a result of some of these changes. At the current time there is a disadvantage if you are in the variable rate plan at Discount Power. If you are in that plan, I am recommending that you switch from Discount Power to another provider as soon as possible.

There are many providers to choose from and you can see the programs available at

When you are reviewing alternatives notice that many of the suppliers offer low teaser rates which change to a variable rate after as few as 30 days or have penalties if you leave too quickly. Please choose carefully. I am personally changing to CL&P because their rate is very competitive, is fixed until December 31, 2013 and has no cancellation charge if I wish to change before then.

Whether you choose to return to UI or CL&P or select another supplier is entirely up to you. Collectively our members have saved thousands of dollars over these past 3 years with Discount Power. There may come a time in the future months or years when Discount Power is once again the best choice and if that occurs I will certainly let you know.

Please take the time to change your supplier today . The sooner you change, the sooner you will start saving again. It is easy to change your supplier. All you need is a copy of your bill and the phone number of your chosen supplier. If you need help we will assist you.

Sincerly: Michael J. Hinchey President/CEO