Eversource Electricity Supply Rate Hike February 2026

Why is the Eversource Price Increase Happening?

Massachusetts has some of the highest electricity rates in the country so this periodic increase may come as no surprise to many who call the state home. Eversource justifies these periodic adjustments based on the volatile wholesale electricity market. Because Eversource does not “markup” the cost of electricity (they pass the market price directly to consumers), the Eversource rate hike is primarily driven by external factors:

• Natural Gas Prices: New England relies heavily on natural gas for power generation. When global or regional gas prices rise, electricity prices follow.
• Regional Demand: Extreme winter weather in Massachusetts often spikes demand, driving up wholesale procurement costs.
• Transmission Constraints: Infrastructure limitations in the Northeast can make it more expensive to transport power to specific regions.
• Clean Energy Investments: Ongoing grid modernization and state-mandated renewable energy goals influence long-term procurement strategies.

Navigating the Rate Hike: Financial Assistance in Massachusetts

If you are concerned about the Eversource rate increase, several federal and state programs are available to help Massachusetts residents manage their utility bills.

1. Federal & State Assistance

• LIHEAP (Fuel Assistance): Provides financial aid for heating and cooling costs to eligible low-income households. Apply through your local Massachusetts Community Action Agency.
• Massachusetts Good Neighbor Energy Fund: Managed by the Salvation Army, this is a “last resort” fund for residents who don’t qualify for LIHEAP but still face financial hardship.
• Residential Arrearage Management Program (RAMP): Helps customers with past-due balances by forgiving a portion of the debt in exchange for consistent, on-time payments.

2. Eversource-Specific Programs

• Low-Income Discount Rates: Eligible customers can receive a significant percentage discount on their entire bill.
• Flexible Payment Plans: Contact Eversource directly to set up a “Budget Billing” plan to level out seasonal spikes.
• Mass Save Incentives: As an Eversource customer, you have access to no-cost home energy assessments and rebates for insulation or heat pumps to reduce your overall energy use.

Using the Mass Save Program to Save Money and Energy

The Mass Save program is a collaborative effort with Eversource Energy, designed to make electricity more affordable by reducing household energy waste. The program begins with a no-cost Home Energy Assessment, where a specialist identifies where your home is losing energy and provides free “instant savings” items, such as LED bulbs and advanced power strips. By addressing these smaller issues immediately, residents can see an instant, albeit modest, reduction in their monthly kilowatt-hour (kWh) usage.

Beyond quick fixes, Mass Save tackles affordability through major efficiency upgrades like insulation and air sealing. For most residents, the program covers 75% to 100% of these weatherization costs, which helps keep homes warmer in the winter and cooler in the summer without over-relying on heating and cooling systems.

To help residents transition to high-efficiency equipment, the program also offers substantial rebates and 0% interest financing. For example, in 2026, homeowners can access rebates of up to $8,500 for whole-home heat pump installations and utilize the HEAT Loan to spread the cost of upgrades over several years without interest. These financial tools are designed to remove the “upfront cost” barrier that often prevents people from investing in technology that would save them money in the long run.

How to Compare Rates and Secure a Fixed-Rate Plan

While you cannot stop the Eversource price increase, you can take control of your costs, Massachusetts consumers have several avenues available to explore competitive electricity rates and potentially lock in a fixed-rate plan to avoid Eversource’s Price to Compare fluctuations:

1. Explore the Energy Switch MA Website: The Energy Switch MA website offers a comprehensive marketplace with potentially hundreds of competing energy offers. While this provides a wide array of choices, navigating through numerous plans and determining the best supplier for your specific needs can sometimes feel overwhelming.
2. Simplify Your Search with ElectricityRates.com: ElectricityRates.com offers a secure, fast, and simple process designed to streamline your rate comparison experience. We present you with only the best rates from top-rated and trusted electricity suppliers serving Massachusetts, saving you time and effort in your search for the ideal plan.
3. Shop Directly Through Supplier Websites: You also have the option to visit individual energy suppliers’ websites. However, keep in mind that you will only see the plans offered by that specific supplier, requiring you to visit multiple websites to get a broader view of the competitive landscape.

Key Takeaway: Don’t wait until you’re hit with a hefty electric bill. Head to our marketplace to shop for a new provider and compare rates today.