Eversource electricity bills rising 35% this winter

Earlier this month, we brought you the news that Eversource in Western Massachusetts–formerly known as Western Massachusetts Electric Co.– is raising its winter electricity rates starting on January 1. This week, unfortunately, brings more of the same. Eversource in Eastern Massachusetts–formerly known as NSTAR–has announced that it’s also raising its electricity rates this winter. Residents of Eastern Massachusetts can expect electric bills that are about 35% more expensive this winter than during the fall months.

Bills are going up for two reasons

  1. Eversource is increasing the supply rate it charges for each kilowatt hour of electricity you use. Starting on January 1, supply rates will increase from 10.05 cents to 10.8 cents.
  2. Staying warm in the winter also means using more electricity. Average electricity use for Massachusetts households increases from 555 kilowatt hours per month in November to 730 kilowatt hours in January: that’s a 39% increase in electricity used between the fall and the winter.

What does mean for your bill? For an average Bostonian who uses 730 kilowatt hours of electricity in January, bills will increase from approximately $109 in November to $147 in January: that’s $38 more you’ll be shelling out each month.

You’re not alone – bills are rising all over MA

People across Massachusetts are facing rising electricity bills this winter. Eversource is the electric company for 1.4 million people across Massachusetts. The state’s other major electric company, National Grid, is raising rates a whopping 40% for its 1.3 million Massachusetts customers. These recurring winter rate increases show little sign of going away, due to the natural gas pipeline issue we’ve talked about before.

Here’s how you can avoid volatile electricity rates

If you’re looking for ways to avoid these wintertime price shocks, consider shopping for a long-term energy plan. You can opt for a plan with a competitive energy supplier that’s as long as 36 months and will last you through the next three winters. Compare electricity rates for Eversource customers and see how much you can save.

For even longer-term peace of mind, why not consider going solar? Solar energy in Massachusetts is a hot commodity — the state is actually the number 4 top state for solar energy in the country. Chat with a solar expert and get a free quote by entering your name and contact information here.

Image Source: Soe Lin, Boston Common Series