Proposed MA Electricity Winter Rates Released
September 23, 2021
The U.S natural gas markets have been constrained by increases in LNG exports, reduced gas production and storage, and returns to pre-covid levels of demand. Natural Gas prices have risen from the $3 level to $5, and in the New England area natural gas prices are big determinants of electricity prices. Given this recent constraint and risks of a strong winter electricity prices for the coming months are expected to increase.
Above is a table of the new proposed electricity rates for Large C&I, and Small C&I Customers in Eversource and National Grid, which have not yet been approved by the DPU but are a clear indicator of increasing costs this winter. On average National Grid rates have increased by 50% compared to the previous winter, and Eversource rates by an average of 40%.