Cape and Vineyard Residential Electric Bills Going Down

EversourceHYANNIS – Residential customers of Eversource living on Cape Cod and Martha’s Vineyard will see lower electric bills this summer.

The utility on Monday announced that it has filed for a 24 percent reduction in its basic service supply rate for eastern Massachusetts with the state Department of Public Utilities.

If approved, the new rate would take effect July 1 and last six months.

With the new supply rate, residential bills for 600 kilowatt-hours of electricity a month for Eversource customers on Cape Cod and Martha’s Vineyard who are on the company’s Basic Service supply rate will drop to $120.17 from $135.98, or a decrease of 11.6 percent on the total bill.

“We’re very excited to share such positive news with our customers,” said Penni Conner, Senior Vice President and Chief Customer Officer at Eversource.

“This drop in generation prices is coming at the time of year when customers are increasingly using more energy to cool their homes and businesses.”

Customers in the greater Boston service area would see their bills decrease to $120.34 from $129.89.

Bills for customers on the South Shore and greater New Bedford would fall to $126.43 from $135.98.

Eversource has partnered with Spectra Energy and National Grid on the proposed Access Northeast project to expand the region’s natural gas capacity using existing pipeline routes.

The company said more than half of New England’s electricity is now produced using natural gas.

Though natural gas remains an abundant and inexpensive fuel, Eversource said regional pipeline limitations and the growing dependency on gas to produce electricity will continue to affect electricity prices in the near-term, particularly during the winter months when demand for natural gas is highest.

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