Massachusetts DPU Approves Rate Cut for Eversource Retail Customers
The Massachusetts Department of Public Utilities (DPU) has approved (D.P.U. 15-152) lower Basic Service electricity rates, effective January 1, for EverSource’s retail energy customers in Western Massachusetts, the utility announced on November 5.
Eversource transmits and delivers electricity and natural gas to 1.7 million customers throughout Massachusetts, including about 1.4 million retail electric customers. Its Basic Service supply charge will be cut to 10.394 cents per kilowatt-hour (kWh), down almost four cents from last winter’s rate of 14.228/kWh.
That means that the average customer will receive a monthly utility bill with a bottom line of $102 instead of $121, or about 16 percent less than the price charged last winter.
“This represents a pass-through cost to customers for the price of generating power.” the utility explained, adding, “As a regulated electric delivery company in Massachusetts, Eversource purchases electricity from power plant owners and passes the cost, with no profit added, directly to customers who choose to be on the company’s Basic Service supply option.”
Both Eversource and other third-party energy suppliers contract for power from power plants, and customers are able to shop on the state’s Electric Competitive Supply site for the plan that’s right for them.
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