MA Warns of Increasing Electricity Prices this Winter
October 25, 2022 | Reading Time: 5 minutes
Massachusetts is expecting steep increases in the price to heat and power homes. The significant rate increase is caused by global conflict, high demand, and inflation. These factors, coupled by MA’s unfortunate location at the end of the national gas pipeline is worrying residents.
As originally reported by Boston Solar, MA Government officials are warning and telling residents to make sure they use electricity conservatively this winter.
This comes after National Grid announced that customers should expect to see eye-popping figures on their bills this winter. These rates are expected to start as soon as November 1st when National Grid switches to its winter rates.
To put a dollar amount to the change, a National Grid customer that saw a $179 bill in the Winter of 2020-21 from using 600 kwh that month can expect that bill to jump 64% to $293 a month.
With the anticipated increase, National Grid is implementing a Winter Customer Savings Initiative that will help customers save money through available energy assistance programs. National Grid has also acknowledged that their established system requires change to protect customers from these type of electricity rates increases in the future.
National Grid’s Chief Customer Officer, Helen Burt stated, “…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.”
These electricity rate increase will also be felt by home owners when it comes to heating their homes with gas this winter especially if they heat their home with oil.
How To Save Money On Energy Bills In The Future
The commonly suggested way to immediately decrease energy bills is to decrease your electricity usage. Of course this comes with a shift in you daily routine by limiting the use of electronics, mindfully monitoring which devices you are using, and monitoring your heating schedule.
While a more expensive option upfront, homeowners are shifting to solar panels to power their home and make a significant savings throughout their future. With the addition of a solar installation, homeowners buy or lease their panels and significantly decrease their energy costs.
Having solar panels on your roof generates monthly savings by decreasing your reliance on the utility company to deliver electricity sourced from natural gas. Instead you are producing your own energy from a renewable source, the sun which does not fluctuate in price due to demand or global conflicts. In most cases homeowners are able to completely eliminate their energy bills each month.
Homeowners with solar panel installations in Massachusetts are locking in lifetime savings and no longer have to worry about increasing electricity rates each year. Once their panels are completley paid off they are powering their home for free!
If you are interested in seeing if your home is a good fit for solar give us a call or get started on your free quote.