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NSTAR East Residential, Small C&I Default Service Rates Decreasing 8-10%, Nearly 50 Retail Supplier Offers Currently Below New SOS Rates
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NSTAR d/b/a Eversource Energy filed with the Massachusetts DPU new basic service electricity rates for its Eastern Massachusetts service territory, for the period August 1, 2024 to January 31, 2025 for mass market customers, and for the period August 1, 2024 to October 31, 2024 for large customers
All prices below include the currently effective Basic Service Adders and Renewable Portfolio Standard, Alternative Energy Portfolio Standard, Clean Energy Standard, and Clean Peak Standard Adders
The filed Nstar East fixed residential basic service rate for the period August 1, 2024 to January 31, 2025 is 15.772 cents per kWh, about 8% lower than the current rate of 17.216 cents per kWh
Per an exclusive analysis by EnergyChoiceMatters.com conducted on the afternoon of May 17, there are 45 fixed price residential offers from competitive retail electric suppliers on Energy Switch MA that are below the new August 1, 2024 Nstar East fixed residential basic service rate, with all of these retail suppliers' offers fixed for at least 6 months
Eight of these retail supplier offers, each from a unique retail supplier, are below 12 cents per kWh, and are at least 23.9% below the new Nstar basic service rate. Four offers from retail suppliers are below 11 cents per kWh, providing savings of at least 30% versus the new utility basic service rate, with these retail supplier rates fixed for at least six months
The filed new Nstar East fixed small C&I basic service rate for the period August 1, 2024 to January 31, 2025, using currently effective adders, is 15.677¢/kWh, which is about 10% lower than the current rate of 17.552¢/kWh
Further rates may be found in Nstar's filing
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Eight Retail Suppliers Currently Offering Rates 25% Or More Below New, Lower Nstar SOS Rate
May 17, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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