According to a news release yesterday from National Grid, the company reports significant increases in customers’ bills for this winter (November to April), which National Grid contributes to higher power supply prices. On average, customers will see a 37 percent hike from 2013’s rates for the same amount of electricity used. In dollar amounts, this translates roughly to an extra $33.00 per month. On the brighter side, natural gas customers will see a one to three percent decrease in their rates.
National Grid, unfortunately, cannot control the market prices for electricity. The price increase comes from rising electric commodity prices and “. . . continued constraints on the natural gas pipeline serving the region . . . .”
According to Marcy Reed, president of National Grid in Massachusetts, “With the chance of another cold winter on the way, National Grid is very concerned about what higher energy costs mean for our customers.” Reed urges customers to “. . . take advantage of energy efficiency and payment programs that can help lower their bills.”
Fortunately for Massachusetts residents and business owners, there are programs in place to help save money on both electric and gas bills.
Please visit National Grid’s website, or our website for more information!