Eversource proposing rate cut – would cause 18% drop in electric bills

Change would take effect on July 1

SPRINGFIELD, Mass. (WWLP) – The electric bills for thousands of Eversource Energy customers could be coming down soon. The utility company announced Monday that they have filed a new basic service rate with the Department of Public Utilities, which would result in a more than 31% drop in the supply price.

The supply price is the portion of your utility bill that deals with the cost of the electricity itself, as opposed to the portion that deals with the delivery of that electricity to your home or business.

The supply price will drop from 14.228 cents per kilowatt hour to 9.767 cents/KWH. According to a news release sent to 22News by Eversource spokesperson Priscilla Ress, the average customer will see their bill decline by about $22 per month, or about 18%.

If approved by the Department of Public Utilities, the rate change would take effect by July 1.

National Grid recently announced a similar rate reduction on the supply price for their customers.

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