"We file electric base service rates twice per year with the DPU," company spokesman Chris McKinnon said. Eversource price increaseĮversource, the state's other major electric provider, said in an email that it is on a different schedule than National Grid for setting its electric rates so no increases are currently planned. They said they have a pending proposal with the state Department of Public Utilities that would result in the monthly bill for an average Boston Gas residential heating customer using 115 therms per month of $278, an increase of $50, or 22%, compared to last winter's rates. The company also announced that its natural gas rates are expected to rise on Nov. Given that, we think it’s a good time to work with our regulators and other stakeholders to review the process and electricity supply dynamics in the region, with an eye toward reducing price volatility and maintaining a secure, reliable and resilient energy system for the future.” “Today, under a sustained, high market price environment, it is challenging to maintain affordable prices. But things have fundamentally changed,” Helen Burt, the company's chief customer officer, said in a statement. That process has served customers well over the years and provides flexibility for unforeseen events, like limited supplier response to solicitations. "National Grid buys electricity on behalf of its customers from the wholesale power market through a regulatory approved process established 20 years ago. National Grid said the delivery portion of electric bills will basically remain flat. National Grid said the monthly bill of a typical residential customer using 600 kilowatt-hours of electricity will increase from $179 last winter to about $293 this winter, an increase of about 64%. National Grid said the war in Ukraine is to blame, along with inflation and high demand. Most of the electricity is generated in New England by plants that burn natural gas, and National Grid is passing their increased costs on to customers.Įversource, meanwhile, cited "global pressures" for driving up the price of natural gas worldwide, without offering specifics. Here's everything you need to know about the price hikes, and how to help minimize their impacts: Why are Massachusetts electric, gas rates rising? Sunny skies on a breezy Sunday in New England
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