Her office pointed out that in proceedings before the Department of Public Utilities the attorney general succeeded in shaving $400 million off of National Grid’s rate request in 2018. The attorney general does have some leverage on the prices utilities charge for distribution and transmission. The overall typical National Grid monthly bill is expected to rise from $179 to $293 a month starting November 1, an increase of 64 percent. The supply cost of electricity is just one part of a customer utility bill, which also includes delivery, transmission, and governmental charges. National Grid receives no markup for procuring the electricity on behalf of customers the cost is simply passed through to consumers. National Grid announced on Wednesday that its basic service rate – the price it charges customers who direct the utility to procure electricity on their behalf – would rise from 14.8 cents a kilowatt hour last winter to 33.9 cents this winter, largely because of a runup in natural gas prices in the wake of the war in Ukraine. In a statement, Healey spokeswoman Chloe Gotsis urged the Department of Public Utilities to find ways to lessen the impact of the rate hike and pledged to explore all possible options to help customers pay their bills this winter.īut it’s not clear what can be done to address the runup in prices because the rate hike is caused by national and international market conditions over which Healey and state regulators have little control.
0 Comments
Leave a Reply. |