Rates Rise in the Northeast

If you live in the Northeast, you may want to re-think your New Years resolutions to include “going solar”!  This past week, several New England electric utilities announced significant utility rate increases for residential and general (commercial & industrial) customers:

NStar: 30% increases

Connecticut Light & Power (CL&P):  25% increases.

National Grid – MA (NG):  40% increases.

Western Massachusetts Electric (WMECo).  30% increases.

Our Data Team constantly tracks and updates our database of electricity rates.  We’ll post more as we see additional increases.

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One Comment

  1. Posted February 3, 2015 at 12:47 pm | Permalink

    Hi Eric –
    I was looking at a small commercial customer’s bill outside Boston recently. Curious, I researched alternative suppliers. The competitive suppliers emphasized that National Grid was increasing its electric rates by 80%+. Upon further research, I found that, while that was true, the winter rates are about 16 cents while summer rates are about 9 cents. Rates change twice per year, and marketers were exploiting the “increase” to lock in customers for year-round prices at 14-15 cents, which would clearly be more expensive in the long run.

    So, are these increases in energy/supply rates or distribution charges, or both? Are they permanent, or seasonally variable?

    Cheers –

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