It’s been a long cold winter and many Massachusetts National Grid customers not only had to deal with freezing conditions and over 100 inches of snow, they were paying 38% more for their energy.
Relief is on the way, earlier this week National Grid announced customers can anticipate lower bills this spring as energy costs have declined.
If approved by the Massachusetts Department of Public Utilities typical residential customers will see an electric bill that is 26 percent lower than their current bill; typical natural gas customers will see a decrease in their monthly bills of between 25 percent and 30 percent. The rate change is scheduled to take place May 1, 2015.
“As we emerge from what has been a relentless winter, we are pleased that our customers will start to feel some relief from what we know has been a challenge to their energy budgets,” said Marcy Reed, president of National Grid in Massachusetts. “Though we can’t take credit for the drop in energy prices, we’re committed to pursuing solutions that help stabilize electricity and natural gas costs for our customers, regardless of the season.”
In a press release National Grid wrote, “While the decrease in energy costs is good news for customers, as a “pipes-and-wires” company, National Grid doesn’t control the cost of generating electricity or natural gas supply costs. National Grid does not make money on the electricity or gas it purchases on behalf of customers; the cost of these commodities is passed through to customers without mark up.”
UPTON DAILY 