REAL: Massachusetts Customers Could Have Saved $1.1 Billion In 2023 By Shopping For Retail Supplier

January 24, 2024

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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

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"An analysis of 2023 Massachusetts utility ratepayer costs shows that consumers on default utility service could have collectively saved as much as $1.14 billion in 2023 had they shopped on EnergySwitchMA.gov and enrolled with the lowest-cost competitive retail supply offer," the Retail Energy Advancement League said

REAL said that, as of December 2023, there were 203 retail supply offers for residents posted on the state’s EnergySwitchMA.gov website, including:

• 84 fixed-price offers cheaper than the default utility rate

• 104 100% renewable offers

• 64 100% renewable offers cheaper than the default utility rate

REAL said, "In 2023, utility prices were wildly unpredictable. The cost of supplying electricity changed frequently, with National Grid’s residential supply rate going from 33.9¢ kWh to 14.1¢ kWh and then back up to 18.2¢kWh in a three-term period. This volatility hinders customers’ ability to budget and limits predictability in billing."

"Over 3,000 Massachusetts residents have voiced their opposition to proposed legislation (H.3196, sponsored by Rep. Frank Moran, and S. 2106, sponsored by Sen. Brendan Crighton) aiming to shut down the residential retail energy market. These residents are urging their elected officials to safeguard their right to choose an electric supplier in line with their personal economic and environmental objectives," REAL said

"In 2023, nearly half a million Massachusetts customers chose a competitive electric supplier rather than their default utility provider," REAL said

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