Massachusetts Residential Electric Rates
If you live in Massachusetts and are tired of energy bills, that always seem too high, you should shop around to see if you can switch to a more competitive electric rate. Below you will find all the information that you need about MA electricity rates – where to look, how to search and what are you likely to find.
Energy Companies in Massachusetts
If you need more convincing about the benefits of switching, we have looked at some competitive electric rates offered to customers in different areas of Massachusetts:
Default electricity rate in the area – 13.98 ¢/kWh
Compare Electricity Rates in Massachusetts
Despite using relatively small amounts of energy (8th lowest usage in the US), Massachusetts residents pay approximately 7 cents / kWh more for electricity, than is the national average. That shouldn’t be the case. As residents of a state where retail energy is deregulated, Massachusetts customers are able to switch electricity suppliers for a better offer.
If you don’t yet belong to the 500,000 residents and business owners who switched, now is an as good time as any. Massachusetts electricity prices have been steadily rising since 2014.
Information source:U.S. Energy Information Administration
To help customers take advantage of cheaper energy, an official state energy choice program called Energy Switch Massachusetts was created. In it, residents can compare retail electricity rates in their zip code, see available plans and if they find a good deal, sign up directly. The process is simple:
- Enter your zip code
- Select if you are a home or business owner
- Hit ‘Shop’ and marvel at the potential savings
An important thing to remember – your energy usage matters! The energy rate offers are linked to specific monthly usage, so you should find out what’s yours before you get locked in a contract. Enter your zip code to compare Massachusetts electricity rates on our website as well, to ensure you are not missing out on even a better deal.
Energy Plans & Products in Massachusetts
The important thing about making the right electric choice is to not rush the process. You can pick the lowest rate you’ll find but if you don’t read the fine print, you can end up locking yourself in a contract that doesn’t fit your energy needs. We gathered information on the different plan types so that you can make an informed decision:
- Fixed Term Plans – This plan will lock the price you pay per kWh for the duration of the contract, no matter how much the wholesale electricity price varies. These plans are most often the cheaper option but usually carry cancellation fees if you decide to exit the contract early.
- Variable Rate Plans – There is no locked-in electric rate and the price you pay for a unit of electricity might be cheaper one month and more expensive the next month. The plus side is that there is no commitment to stick to it for a fixed period and you can switch anytime.
- Green / renewable plans – If you are concerned about your carbon footprint, many electric suppliers offer you the choice of an energy plan, sourced entirely or partially from renewable energy, such as wind or solar. These plans can have either variable- or a fixed rate form.
- Prepaid plans – This plan lets you pre-purchase power for your home at a set price, like a prepaid cell phone. This isn’t for the forgetful ones – if you don’t remember to top up your electric plan, you might find yourself without electricity half-way through a hot shower.
Enter your zip code on our website to compare the available electricity rates in your area!
Alternative Energy Solutions in Massachusetts
Massachusetts adopted the Renewable Portfolio Standard (RPS) in 2002. The state-mandated law requires all electricity suppliers operating there to acquire increasing amounts of renewable power, reaching 15% by the end of 2020 and increasing 1% each year thereafter with no end date.
For a relatively small size state, Massachusetts has big renewable energy potential. Its alternative energy sources include:
|Solar energy - By March 2019, Massachusetts installed 2,254 megawatts of solar PV capacity, ranking fifth nationally|
|Wind energy - The state has 129 wind projects, with 113 megawatts of wind-powered generating capacity, however, the legislature set a target to raise this number to 3,200 megawatts by 2035|
Cow energy - Interestingly enough, Massachusetts pioneers an energy generation process, that creates electricity through an anaerobic digester fed to cows with food scraps and manure
What does it mean for the state’s customers? If you live in Massachusetts and are concerned about your environmental footprint, you have additional options to power your home or business in an eco-friendly way:
- Switch to a green plan – Each Massachusetts electric supplier must offer electric plans with a green energy element. Enter your zip code to find a renewable energy plan and to get you motivated, use this green calculator to find out how many emissions will be avoided because of you!
- Buy Renewable Energy Certificates (RECs) – each REC represents a certificate that 1 MW renewable energy has been generated. What’s more, Massachusetts divides its RECs into different classes, with the most prominent one being “Class I” REC that comes from a special New England generators.
- Green Municipal Aggregation – allows a city or town to make energy decisions on behalf of the local residential and business customers. When a community enacts GMA, it can bid collectively on the market to secure cleaner electricity supply for a cheaper price. You can find out how to get your community involved on the MA Green Energy Consumer Alliance website.
Below are answers to some of the burning questions you might have about Texas electric rates:
How can I get my electric bill cheaper?
You can look around to see, what electricity rates are offered by suppliers in your area. Just enter your zip code, either on the MA official state website mentioned above, or compare energy offers here on ElectricRate.
Is MA electricity deregulated?
Yes, it is. Massachusetts energy was deregulated in 2005, to combat the continuously rising electricity prices in the state.
How much does electricity cost in MA?
According to the U.S. Energy Information Administration (EIA). the average retail Massachusetts electric price is 22.02 ¢/kWh, compared to the national average price of 13.17 ¢/kWh.
In Massachusetts, you have got so many choices! Whether you are after low rates, cleaner energy or a renewable project that bring together the whole community, the deregulated energy state has got you covered. To get started, just enter your zip code, compare and choose from a variety of energy options available in your local area.
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