Consumer Savings Still Available After Eversource and National Grid Hiked Rates
BOSTON –– The average lowest price for electricity offered by competitive electric suppliers in October matched the average lowest price in October 2024. Competitive electric suppliers have offered electric plans priced well below the average utility rate in 2025, including September when the average price reached its lowest point in the past 12 months. This positive news for consumers comes after significant rate increases were imposed by Massachusetts’ major electric utility companies. Bay Staters who have shopped for electricity with a competitive electric supplier continue to benefit from saving money on their electric bill.
According to a new October rate summary analysis by My Energy Choice, retail electric suppliers had 142 fixed-rate offers available this month that were less than the utility company rates for Massachusetts customers to enroll in. The lowest retail offers available for customers ranged up to 2.27¢ per kiloWatt hour (kWh) cheaper than the utility rate.
Eversource customers in the BECO, CAMB and COMM service territories could save up to 12% on the supply portion of their bill, while National Grid customers in the MECO territory could save up to 14%. Those saving percentages would equate to about $18 to $22 a month for a customer that uses 1,000 kWh per month.
Collectively, Massachusetts residents could save as much as $16,967,282 this month by enrolling with a retail supplier.
Customers who prioritize green energy can also find offers for less than utility rates. The statewide average price for green offers (exceeding the state’s minimum clean energy requirement) in October was still 3% less than the statewide average utility rate.
A total of 243 competitive electric supply offers were available as of October 15. Customers had 104 100% renewable energy offers to choose from.
This monthly rate summary analysis can be found here. Massachusetts residents can review offers from competitive energy suppliers using the state shopping website EnergySwitchMA.gov. View a guide to shopping here.
Data for this analysis is sourced from Massachusetts’ state-managed energy shopping website, EnergySwitchMA.gov.
