Be prepared, electricity bills could increase by 64% this winter

Be prepared, electricity bills could increase by 64% this winter

Electricity customers in Massachusetts could face a big hike in their winter bills, National Grid warned Wednesday. Citing the high price of natural gas used to generate electricity, the utility company said winter electricity rates taking effect Nov. 1 will be significantly higher than they were l last winter. “In total, the monthly bill for a typical residential electric customer using 600 kWh (kilowatt-hours) will drop from $179 for the 2021-2022 winter season to approximately $293 for the 2022-2023 winter season,” National Grid said. That’s a 64% year-over-year increase. National Grid says most of the increase is due to electricity supply tariffs and that the company has “worked to keep the delivery portion of the bill essentially stable”. the Department of Public Services by mid-November, for the changes to take effect on January 1. Last winter, Eversource’s proposed increase was about 25%. Rates are also seasonally adjusted for natural gas and National Grid said the average Boston Gas home heating bill will increase by $50 or 22% and the average Colonial Gas home heating customer will see an increase of $47 or 24%. %, compared to last year’s rates. “With energy costs rising due to global conflict, inflationary pressures and high demand as the winter heating season approaches, National Grid understands the impact this increased financial burden can have on our customers and our communities, especially when we are all experiencing increased costs for other goods and services,” the company wrote in a statement. “National Grid purchases energy on behalf of our customers in the wholesale market and passes on those costs without markup or profit, so customers pay what National Grid pays for that energy.” Eversource said its proposed natural gas rates, which are slated to take effect Nov. 1, would increase prices by approximately 38% or $86 for customers in the former NSTAR Gas service area and 25% or $61 for those in the former Columbia Gas territory. “These increases are primarily due to the current high cost of supplying natural gas around the world,” Eversource said. To help customers, National Grid has announced a “Winter Customer Savings Initiative” which highlights energy saving tips and payment assistance schemes. Eversource also shared its connection to energy efficiency programs. Massachusetts also offers the Low-Income Home Energy Assistance Program, which helps eligible households pay a portion of their winter bills.

Electricity customers in Massachusetts could face a big hike in their winter bills, National Grid warned Wednesday.

Citing the high price of natural gas used to generate electricity, the utility company said winter electricity rates taking effect Nov. 1 will be significantly higher than they were l last winter.

“In total, the monthly bill for a typical residential electric customer using 600 kWh (kilowatt-hours) will drop from $179 for the 2021-2022 winter season to approximately $293 for the 2022-2023 winter season,” National Grid said.

That’s a 64% year-over-year increase.

National Grid says most of the increase is due to electricity supply tariffs and that the company “has endeavored to keep the delivery part of the bill essentially stable”.

Eversource, the state’s other major electric utility, said it plans to file proposed rate changes with the Utilities Department around mid-November, with the changes taking effect Jan. 1. . Last winter, Eversource’s proposed increase was about 25%.

Rates are also seasonally adjusted for natural gas and National Grid said the average Boston Gas home heating bill will increase by $50 or 22% and the average Colonial Gas home heating customer will see an increase of $47 or 24%. %, compared to last year’s rates.

“With energy costs rising due to global conflict, inflationary pressures and high demand as the winter heating season approaches, National Grid understands the impact this increased financial burden can have on our customers and our communities, especially when we are all experiencing increased costs for other goods and services,” the company wrote in a statement. “National Grid purchases energy on behalf of our customers in the wholesale market and passes on those costs without markup or profit, so customers pay what National Grid pays for that energy.”

Eversource said its proposed natural gas rates, which are slated to take effect Nov. 1, would increase prices by approximately 38% or $86 for customers in the former NSTAR Gas service area and 25% or $61 for those in the former Columbia Gas territory.

“These increases are primarily due to the current high cost of supplying natural gas around the world,” Eversource said.

To help customers, National Grid has announced a “Winter Customer Savings Initiative” which highlights energy saving tips and payment assistance schemes. Eversource also shared its connection to energy efficiency programs.

Massachusetts also offers the Low-Income Home Energy Assistance Program, which helps eligible households pay a portion of their winter bills.

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