Higher Electric Bills Are On the Way
December 7, 2021 | Reading Time: 9 minutes
What’s Going on with my electric bill?
Eversource, the primary supplier of electricity in Eastern Massachusetts and the SouthCoast has filed a 25% rate increase with state regulators. The rate increase is not official yet, but an email from the company has been sent to notify customers that the approval is likely. Meaning that if you have Eversource you can expect to pay more for your electric bill in 2022.
Why is my electric bill getting higher?
As quoted in the email, “In January, your electric bill will be higher because of the increased demand for electricity and natural gas.” The email also stated that the average residential customer paying $120 a month for electricity would be paying $150 starting in January.
Unfortunately, this is the reality of continuing to source electricity from large utilities companies. As demand increases so will the rates. Throughout your lifetime as a homeowner, these increases add up to thousands of additional dollars you’ll be paying for the same service. This cycle is continuous and inevitable as long as you rely on Eversource and National Grid for your electricity.
Homeowners will continue to have power, but feel powerless as they ask, “Why is my electric bill so high?” for the rest of their lives.
That solution is becoming your own energy provider by adding solar power to your home. When your home sources its energy from solar panels, you are well on your way to becoming energy independent. By creating renewable energy, any power you produce (once your system is paid for) is being supplied and delivered by you at no additional cost. If there’s no cost, there’s nothing to increase.
Interested in seeing if your home is a fit for solar and ending your cycle of endless rate hikes give us a call, (508) 717-3820.
Originally reported by WBSM