National Grid Looks to Increase Electricity Rates

Photo Credit: National Grid

By LINDA BOCK

National Grid recently filed on Tuesday with the Massachusetts Department of Public Utilities and electric customers will see a significant increase in their bills due to higher power supply prices.

National Grid asked for a 21 percent increase in current electricity rates.

If approved, starting in November, the electric supply price for Massachusetts residential electric customers will be 13.1 cents per kilowatt hour. As a result of these market prices, a typical residential customer would see an electric bill that is 21 percent higher than their current bill and 9 percent lower than last winter’s bill (when accounting for additional bill adjustments made throughout the year), the company posted on its website.

The typical residential customer’s monthly bill starting Nov. 1 will be $110.18, compared with a current bill of $90.82 or November 2014 bill of $121.20.

Due to continued gas pipeline constraints, the electric supply prices remain volat