New Standard Offer Prices for National Grid in Massachusetts

The Massachusetts DPU approved new standard offer electricity supply pricing for National Grid customers for the period May 2013 to October 2013.

Fixed Basic Service Charge in ¢/kWh
May-October 2013
G-1: 6.827
Streetlights: 6.827

Fixed Basic Service Charge in ¢/kWh
May-July 2013
G-2, G-3 May: 7.208
G-2, G-3 June: 7.152
G-2, G-3 July: 7.119

Variable Basic Service Charge in ¢/kWh
May-October 2013
NEMA G-2, G-3:
May: 6.516
June: 7.448
July: 7.626

SEMA G-2, G-3
May: 6.495
June: 7.342
July: 7.583

WCMA G-2, G-3
May: 6.408
June: 7.336
July: 7.575

G-1 in all zones
May: 6.899
June: 7.347
July 7.6861
August: 7.354
September: 6.998
October: 7.030
Streetlights: 6.827

The complete DPU filing can be viewed here.

To protect your business from price fluctuations and obtain the lowest possible competitive pricing, contact Better Cost Control.

New York Capital Zone Electric Rates Nearly Double in Jan and Feb 2013

Nimo Pricing

Electricity customers in the  National Grid NiMo Zone F (Capital Zone) have seen their rates skyrocket in Jan and Feb  from ~$0.06 to over $0.12 per kWh.

In the 2012 Tariff Filing Letter, the proposed action states that:

“The Public Service Commission is considering whether to approve or reject, in whole or in part, revised tariff leaves filed by Niagara Mohawk Power Corporation d/b/a National Grid (“Niagara Mohawk”) that would increase the Company’s electric and gas base delivery revenues by $130.7 million and $39.8 million, respectively, effective April 1, 2013, and make other tariff amendments and accounting changes.”

Customers in Upstate New York should understand that fixed rates are in the $0.055 to $0.065 range for 12 months.  You can completely eliminate price fluctuations by contracting your electricity supply instead of dealing with the volatility of monthly pricing.

To obtain a fixed price electricity price quotation, contact Better Cost Control.  We represent all the suppliers, so you can be assured of the lowest prices with the best contract terms.

New Jersey Electric Rates to Change

The NJ State Board of Public Utilities on Thursday approved the results of state’s annual electricity auction. It sets the wholesale electricity prices that the state’s electric utilities will pay and pass through to all New Jersey customers.

For three of the state’s four utilities, including Jersey Central Power & Light and Atlantic City Electric, there will be a  decrease in supply rates on June 1.  Rates for for PSE&G will be essentially the same.

Average JCP&L ratepayers will see a decrease of 3 percent; Atlantic City Electric customers will see a decrease of 5.35 percent and PSE&G customers will see their average rates increase by .05 percent.

The price of wholesale natural gas, which powers electric plants, is lower than in 2010. Since 2009, average energy costs for  small and medium-sized businesses have fallen about 30 percent, the BPU said.

But whether prices continue to fall in future years is unknown. “We have seen relative price stability in the last couple of years,” Hanna said. “What is going to happen in the future with natural gas prices is very difficult to predict.”  This is why fixed price contracts provide the opportunity to lock in long term fixed prices to protect from increases.

The value of both electricity auctions was about $7 billion, which represents approximately 8,700 megawatts of electric generating capacity.