Eversource Files Fall Default Basic Service Rates

Variable Electric Rate

Eversource (previously Nstar) has filed new electric basic service rates for the period beginning October 1, 2015 through December 31.

New Nstar basic service rates, in ¢/kWh, are below:

Small Business (Rate B1, B2, G1, G2, 33) - NEMA
Fixed July 1 through December 31: 9.868
Monthly Variable Rates:
October:                           8.224
November:                         10.412
December:                         15.482
Large C&I (Rate G3, T2) - NEMA

Monthly Variable Rates:
October:                           7.205
November:                          8.810
December:                         11.979

Fixed Price Option (Oct.-Dec.):    9.430

Large C&I (G3, T2) - SEMA
October:                           7.110
November:                          8.703
December:                         11.982

Fixed Price Option (Oct.-Dec.):    9.307

For WMECO, Western Mass Electric, the new basic service rates for Medium and Large Commercial will be:

Medium & Large C&I (G-2, T-4, T-2, T-5)

Monthly Variable Rates:
October:                           7.221
November:                          9.179
December:                         12.756


Fixed Price Option (Oct.-Dec.):    9.848

Visit Eversource to see rates.

Nstar rates in Massachusetts Remain High

Nstar has filed new electric basic service rates for the period beginning July 1, 2015, and the fixed rate for residential and small C&I customers remains above (or near) 10¢/kWh.

The current Nstar fixed residential and small C&I basic service rates are about 14¢/kWh.

The Nstar basic service rates below, in cents/kWh, include the Default Service Adder and Renewable Portfolio Standard and Alternative Energy Portfolio Standard adder.

Small C&I, Streetlighting
Fixed Price Option Jul. 1, 2015 – Dec. 31, 2015: 9.868

Monthly Variable Rates:
July:          9.313
August:        8.639
September:     7.855
October:       8.000
November:     10.224
December:     15.377

Large C&I-NEMA (rates are still out to bid, as of this posting)

Large C&I-SEMA
July:          8.514
August:        7.783
September:     7.050

Fixed Price Option: Jul. 1, 2015 – Sept. 30, 2015: 7.804

Massachusetts NSTAR Electricity Prices to Rise

Electricity TransformerNStar has filed with the DPU for a rate increase for its Massachusetts customers effective January 1.

Customers will see their NSTAR electricity prices rise by 22% to $0.0933/kWh for the six months ending June 30, 2013.  Interval meter customers will see rates of $0.13/kWh for the first two months of that period.  Part of the reason for this price increase is the limited natural gas pipeline capacity in the Northeast, with the increasing dependence on natural gas for both heating and electricity generation.

Two-thirds of Massachusetts’ electricity and more than half of New England’s power is generated by natural gas, according to the US Energy Department, so when the price of natural gas goes up, so do electricity costs. Wholesale natural gas prices in the region have spiked in recent winters when supplies delivered through pipelines could not keep up with demand during extended cold snaps.

The Energy Department has raised concerns that the region’s reliance on natural gas could lead to jumps in the fuel’s price this winter.

NStar and National Grid said the electricity they have purchased from power generators for the winter season is more expensive, so residents can expect to see their costs rise by several cents compared to last year.

Companies that obtain fixed price contracts for their electricity and natural gas have the ability to control their prices and protect themselves from the dramatic price fluctuations that sometimes occur in the market.

Nstar announces new basic service rates for July 1

Massachusetts Nstar customers can breath some relief with lower prices beginning July 1.  Despite these price reductions, customers that decide to obtain fixed price electricity contracts from their energy broker will still save money with a fixed price contract, though not the enormous savings seen in the beginning of 2012.

Commercial & Street Lighting
Fixed Price Option (July – December): 6.686

Monthly Variable Price Option
July: 6.738
August: 6.700
September: 6.173
October: 6.200
November: 6.447
December: 7.796

Industrial (NEMA)
Fixed Price Option (July – September): 5.550

Monthly Variable Price Option
July: 5.695
August: 5.629
September: 5.300

Industrial (SEMA)
Fixed Price Option (July – September): 5.362

Monthly Variable Price Option
July: 5.545
August: 5.461
September: 5.038

Nstar and National Grid to lower electricity rates for basic service

Massachusetts electricity ratepayers could soon see their electricity bills shrink as the lowest natural gas prices in over ten years make it cheaper to produce power.

Nearly 60 percent of the state’s electricity is generated by gas-fired power plants, and utilities – which have been paying less to buy that power – are passing the savings on to consumers.

NStar, now a subsidiary of Northeast Utilities of Boston and Hartford, asked state regulators on Monday to approve a nearly 16 percent cut in power rates for its 1.1 million electricity customers. That would bring the charge to its lowest in eight years.

Last week, National Grid, the state’s second largest utility, lowered its electricity supply charge by nearly 19 percent.

Both Nstar and National Grid typically provide prices for a period of  six months for fixed price customers (NStar: Jan to June and then July – Dec. National Grid: May – October and November – April). Industrial customer basic service prices are fixed for only three months.

The fixed prices that utilities contract with suppliers are based on auctions prior to the start date of the new fixed prices, in the same way that you, the commercial customer, contracts electricity.  When the utility fixed price offer expires, the new price will be based on market conditions at that time, which we forecast will be higher, since natural gas prices have come off of their lows.  Our recommendation is to contract for an eighteen month period at present, even if that price is slightly higher than what the utility standard offer is.  While the initial price might be higher, you will save when the present basic service price period ends, having locked in a fixed price for a longer period. Averaging those savings against the short-term price difference will protect you from price increases and control your energy budget.  Contact us for more information about controlling your electricity costs.

Nstar announces new Massachusetts electric rates

Nstar today announced its newly approved electric rates for the  January 1 – June 30 2009.  All prices below are in cents per kilowatt hour.

For fixed price customers:

  • Commercial: 12.707
  • Industrial NEMA: 10.673
  • Industrial SEMA: 11.963

For Variable Price Option

Commercial:

  • Jan: 14.228
  • Feb: 14.329
  • Mar: 12.559
  • Apr: 11.849
  • May: 11.354
  • June: 11.704

Industrial NEMA:

  • Jan: 11.044
  • Feb: 11.313
  • Mar: 9.624
  • Industrial SEMA

  • Jan: 12.347
  • Feb: 12.591
  • Mar: 10.909
  • You can eliminate your electricity price risk and save money by locking in your electricity pricing with longer term contracts.  Better Cost Control is a licensed electricity broker that represents all the electricity generation companies in the Commonwealth of Massachusetts.  We will obtain the lowest possible prices for your commercial and business electricity requirements.  Contact us at 617-332-7767 x150