Eversource proposing cut in electric supply rate

6% supply rate cut could lead to slightly lower bills

SPRINGFIELD, Mass. (WWLP) – If you are an Eversource Energy customer, you may be paying a little less for electricity this coming summer. Eversource has filed for a 6% cut in their supply rate.

The supply rate is the portion of your bill that covers the cost Eversource pays to the companies that generate the electricity (Eversource makes its money through the distribution rate; the other portion of your bill.)

According to Eversource Energy spokesperson Priscilla Ress, the supply rate would drop to $8.56 per kilowatt hour, down from the current $9.12/kWh. For a customer using 550 kWh of electricity per month, that would bring down their total monthly bill from $112.29 to $115.38- or about 2.7% less.

“While New England continues to experience many energy challenges, this summertime price cut is good news for our custmers as the weather gets warmer and folks start turning on their air conditioners for relief from the heat,” said Penni Conner, Eversource Senior Vice President and Chief Customer Officer.

If the rate cut is approved by the Massachusetts Department of Public Utilities, it would take effect on July 1.