SPRINGFIELD, Mass. (WWLP) – Eversource Energy customers will be paying less for electricity this winter. The utility company has requested a winter supply rate of 9.06 cents per kilowatt hour. That is down from 10.426 cents last winter, and significantly less than the 14.228 cent/kWh rate paid by customers two years ago.
Still, if the rate increase is approved by the Massachusetts Department of Public Utilities, customers will be paying more this winter than they currently are. Eversource’s summer basic supply charge is 7.708 cents/kWh. In a news release sent to 22News, Eversource spokesperson Priscilla Ress explained that the supply rates are generally higher in the winter time, because there is a greater demand for natural gas- the fuel for most of the region’s power plants.
The supply rate is the portion of your electric bill that covers the cost of generating electricity. Eversource, which does not actually generate its customers’ power, only makes money off the delivery portion of your bill.
Ress said that if approved, the average customer’s winter bill will go from $128.51 per month last year to $120.31. The proposed new rate would take effect on January 1.