Danvers Electric Rates To Rise 5.3 Percent This Winter

DANVERS, MA — Danvers Electric residents will see an average 5.3 percent increase in their bills after the Municipal Light Board approved the increase because of a rise in the cost of transmitting and purchasing power.

Danvers Electric said the increase will equate to an average of $6 per month for most customers.

"Across the region, utilities are facing rising costs for transmitting and purchasing power," said Utility Director Clint Allen. "To keep our community’s power supply stable and dependable, we’re implementing a modest rate adjustment. We know that any increase affects our residents and customers, and we're committed to keeping rates as steady and affordable as possible while ensuring a secure energy supply."

Customers can expect to see the adjusted rates reflected in their bills starting in December 2025.

Current regulations require Danvers Electric to return any excess fuel costs collected during the following year to the customers. This return of funds is included in the rate calculation each year.

The Municipal Light Board reviews power supply costs each month, comparing actual expenses and revenues to projections. In addition to these monthly reviews, a comprehensive biannual analysis of rates and forecasts is conducted to assess overall cost trends.

(Scott Souza is a Patch field editor covering Beverly, Danvers, Marblehead, Peabody, Salem and Swampscott. He can be reached at Scott.Souza@Patch.com. X/Twitter: @Scott_Souza.)