Many Massachusetts residents have recently seen their electricity bills fall to a six-year low. Stats show the average costs for residential rates have fallen to about $112 which is a 25 percent decrease; the lowest residents have paid since 2006. Natural gas also closed to just below $2.62 per million British thermal units (BTU), which is nearly a 40 percent decrease in the last year.
In the last few days, Massachusetts state regulators approved a decrease in electric rates of nearly 16 percent for over one million customers who are signed up with NStar. The decrease is expected to save customers an average of six dollars a month. As it currently stands, the state spends about $22 billion annually on energy.
When many people think of deregulated states, they may not think of Massachusetts right away, but it has really taken advantage of deregulation. Instead of leaving the decision up the government and which electricity companies are going to service which areas, the choice is up to those signing up for service.
If you live in a deregulated area of Massachusetts or another deregulated area, you can shop and compare multiple electricity rates for your home or business and you can start right here. Just type your zip code into our compare box found on the home page and the compare page, then choose between a residential or commercial rate plan and click the compare button. If you’re looking for a residential plan of over six months, we suggest you choose a fixed rate over a variable rate because it will help your rates be more consistent, giving you an idea of how much to expect to pay from month-to-month.
For any further questions, comments or concerns, please don’t hesitate to give us a call anytime at 1-800-971-4020 and one of our expert energy consultants will be more than happy to help you out with all for electricity needs.