What’s Happening with Electricity Rates and What Can Be Done About it?
Consumers have been on an electric rates rollercoaster ride this past year. Many have been left reeling from a freezing winter and higher-than-usual electric rates. The good news is that rates will be dropping back down this summer for utility basic supply customers. National Grid’s rate decreased more than 40% as of May 1st (for MA customers). Eversource customers will likely experience similar decreases beginning July 1st. These summer rate drops will provide much needed relief, but what needs to be done to ensure this does not continue to happen in winters to come?