National Grid to Raise Electricity Rates Over 20% Starting Nov. 1st
National Grid, one of the largest investor-owned energy companies in the world covering Massachusetts, New York, Rhode Island, and the UK, will be raising their fixed and variable rates for residential and commercial customers starting November 1st.
For Massachusetts residents, the fixed rate for electricity will jump from 10.870 cents/kWh to 13.718 cents/kWh starting 11/1/18 and going through 4/30/19.
The variable rate for MA residents will see an even steeper increase from 11.636 cents/kWh today to as high as 15.995 cents/kWh in February.
Businesses in Massachusetts will also be paying higher electricity rates starting Nov 1st. The fixed rate will go from 10.182 cents/kWh to 13.166 cents/kWh.
The good news for Massachusetts residents and businesses is that MA is a deregulated state. This means that you have the ability to shop and switch to a lower rate before the November 1st rate increase.
Don’t get stuck paying higher prices when there are lower rates available that can save you money. Below are some of our top plan for National Grid customers or type in your zip code and shop all the plans in your area!
Aaron is a content writer and organic marketer with extensive experience in the energy industry. He frequently writes for Power Target on Electricityrates.com and CompareElectricity.com.