Brace yourselves, your electricity bills could increase by 64% this winter

The National Grid warned Wednesday that electricity customers in Massachusetts could face a sharp increase in winter bills. Noting the high prices of natural gas used in power generation, the utility company said that winter electricity rates, which will come into effect on November 1, will be sharply higher than they were last winter. “Altogether, the monthly bill for a typical home electric customer using 600 kilowatt-hours (kilowatt-hours) will increase from $179 in the winter season 2021-2022, to approximately $293 for the winter season 2022-2023,” National Grid said. This is a 64% increase year over year. National Grid says most of the increase is driven by electricity supply rates and that the company has “worked to keep the delivery portion of the bill essentially flat”. Eversource, the state’s other major electric company, said it plans to submit the proposed price changes to the Department of Public Utilities around mid-November, for the changes to take effect on January 1. Last winter, Eversource’s proposed increase was about 25%. Prices are also seasonally adjusted for natural gas and the average residential heating bill for Boston Gas will increase by $50, or 22%, and the average residential heating customer for Colonial Gas 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 rising demand as the winter heating season approaches, National Grid understands the impact this increased financial burden can have on our customers and communities, especially when we are all witnessing an increase in the costs of other people’s goods and services,” the company wrote. In a statement. “National Grid buys energy on behalf of our customers from the wholesale market and passes these costs on without any profit or profit margin, so customers pay what National Grid pays for that energy.” Eversource said the proposed natural gas prices, set to take effect November 1, would increase prices by about 38% or $86 for customers in the former NSTAR gas service area and 25% or $61 for customers in the former Columbia Gas Area. “These increases are mainly driven by the current high supply cost of natural gas worldwide,” Eversource said. To help customers, National Grid has announced a “Winter Customer Savings Initiative” that highlights energy saving tips and payment assistance programs. Eversource has also shared its association with energy efficiency programs. Massachusetts also offers the Low Income Home Energy Assistance Program, which helps eligible families pay a portion of their winter bills.

The National Grid warned Wednesday that electricity customers in Massachusetts could face a sharp increase in winter bills.

Noting the high prices of natural gas used in power generation, the utility company said that winter electricity rates, which will come into effect on November 1, will be sharply higher than they were last winter.

“Altogether, the monthly bill for a typical home electric customer using 600 kilowatt-hours (kilowatt-hours) will increase from $179 in the winter season 2021-2022, to approximately $293 for the winter season 2022-2023,” National Grid said.

This is a 64% increase year over year.

National Grid says most of the increase is driven by electricity supply rates and that the company has “worked to keep the delivery portion of the bill essentially flat”.

Eversource, the state’s other major electric company, said it plans to submit proposed price changes to the Department of Public Utilities around mid-November, with the changes taking effect Jan. Last winter, the proposed increase in Eversource was about 25%.

Prices are also seasonally adjusted for natural gas and the average residential heating bill for Boston Gas will increase by $50, or 22%, and the average residential heating customer for Colonial Gas 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 rising demand as the winter heating season approaches, National Grid understands the impact this increased financial burden can have on our customers and communities, especially when we are all witnessing an increase in the costs of other people’s goods and services,” the company wrote. In a statement. “National Grid buys energy on behalf of our customers from the wholesale market and passes these costs on without any profit or profit margin, so customers pay what National Grid pays for that energy.”

Eversource said the proposed natural gas prices, set to take effect November 1, would increase prices by about 38% or $86 for customers in the former NSTAR gas service area and 25% or $61 for customers in the former Columbia Gas Area.

“These increases are mainly driven by the current high supply cost of natural gas worldwide,” Eversource said.

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

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

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