NSTAR Residential Electric Rates Increases by 45%
New basic service electricity rates will rise for NSTAR Electric Company d/b/a Eversource Energy customers as the utility filed for the increased prices with the Massachusetts DPU. The rate hike will specifically affect consumers in the utility company’s Western Massachusetts service territory (WMA), formerly WMECO service territory, starting January 1, 2022.
The new rates include the currently effective Basic Service Adders, Alternative Energy Portfolio Standard, Renewable Portfolio Standard, Clean Energy Standard, and Clean Peak Standard Adders.
WMECO’s current fixed residential basic service rate of 9.468 cents per kWh will rise to 13.702 cents per kWh beginning January through June 2022. That’s a 45% hike over the prevailing price.
Meanwhile, WMECO’s fixed small C&I introductory service rate, which stands at 8.936 cents per kWh, goes up by 46%, to 13.006 cents per kWh from January to June 2022.
The filed WMECO rates below are in cents per kWh. They include the currently effective Basic Service Adders, Alternative Energy Portfolio Standard, Renewable Portfolio Standard, Clean Energy Standard, and Clean Peak Standard Adders.
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