Eversource Lowering Rates

[TiltonBB]

From Eversource:

Two rate changes will be implemented beginning Feb. 1. Overall, customers should expect a decrease to their bill. Your total bill will depend on how much energy is used, the rate you’re on, and weather conditions.

The Energy Supply rate will decrease by approximately 10% and will be in place through July 31, 2023. The cost of energy supply is dropping from $0.22566 to $0.20221 per kWh.

The average customer using 600 kWh per month will see about a $11.55 or 5.7% decrease in their total bill compared to January if Eversource is your energy supplier.

While the energy supply rate did decrease, overall, the price of electricity still remains high compared with previous winters primarily due to the global demand for natural gas. Natural gas is the primary fuel source for electric generation in New England.