Massachusetts Set for Another Spike in Electrical Rates
Where Does MA Fit Into The Picture For the past six years, most U.S. states have seen a steady increase
Where Does MA Fit Into The Picture For the past six years, most U.S. states have seen a steady increase
For the past six years, most U.S. states have seen a steady increase in electrical rates but Massachusetts is seeing the worst of it. With the second fastest increase in electrical rates in the U.S., second to Hawaii, both residential and commercial energy clients in Massachusetts are paying more than double what they were paying a few years ago.
Below, you can see a map charting which U.S. states have the highest electrical rates. Of all 50 states, Massachusetts has the 47th most expensive electrical rates.
Right, a graph of Massachusetts electrical rates over a ten year period shows that, while there have bee short dips here and there, rates have been increasing for the past seven years.
While not all Massachusetts utilities have posted their winter rates, a report just issued by Energy Choice Maters announces National Grid’s rates that start on November 1st.
In short,
Residential energy clients will be seeing a 30% increase in rates started November 1st, from 10.407 cents per KWh to 13.596 cents per KWh.
Commercial energy clients will be seeing a 26% increase in electricity rates going from 9.469 cents per KWh to 12.007 cents per KWh, with the average increase per bill being over $250 a month.
These rates are posted through April 2020. Click here for the full article.
While Massachusetts has recently approved efforts to source it’s energy from renewable sources, it will be over a decade before these solutions go into full effect. Until then, 40% of Massachusetts’ energy is currently sources from Natural Gas pipelines. Cold winter months increase the demand for heating and electricity, which in turn put strain on existing natural gas pipelines and infrastructure,. To keep up with demand, utility companies must purchase large quantities of electricity and storage it for the winter months, creating those price increases. Thanks to Massachusetts energy laws, Massachusetts residence can choose their energy supplier and that’s how businesses and even residential clients can protect themselves.
Energy Procurement refers to the identification and sourcing of Natural Gas and Electricity contracts that best suit your individual business needs and budget. Energy deregulation, or the deregulation of energy, refers to the Energy Policy Act of 1992, an act that approved the wholesale and competitive trade of Natural Gas and Electricity.
Today, with hundreds of energy suppliers competing for the best energy pricing, procuring energy presents businesses with options for significant savings, but can also present challenges unlike other goods or services. As we undergo technology-driven energy shifts, in order to adequately analyze your best energy opportunities, maximize your savings and reduce waste, there are many more thing to consider than a price comparison.
A comprehensive understanding of the relationships between forward price dynamics, your energy patterns project over time and historical energy markets technicals and fundamentals is invaluable when you’re looking to procure the best Natural Gas and Electricity pricing and product options.
Founded in 1999, Energy Professionals is one of North America’s leading energy consultants working with commercial customers to reduce and control their energy budgets. We build client-specific, comprehensive energy strategies that factor in our clients’ goals and objectives. Utilizing our extensive network of suppliers, energy efficiency experts and renewable energy partners, we bring the most effective, efficient and innovative technologies to the table. We offer both focused solutions to a specific issue and broad
plans to address long-term growth, paving the way for energy independence, providing
more choice and less waste.
Energy Professionals is committed to finding its customers the best possible rates on electricity and natural gas. Tell us your location and service type and our energy manager will connect you to the most competitive offers.
Switching to an alternate supplier is easy. There is no chance of service disruption, and you'll continue with your current utility for energy delivery and emergency service. Take a few minutes to discover your best offers, and enjoy the benefits of retail energy in your home or business.
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