Customers could have saved up to 19% on their electric bill
BOSTON –– Massachusetts electric customers had 34 fixed-rate offers from competitive energy suppliers in April that were less than the standard supply rate offered by utility companies in the state’s seven service territories. The average rate for the competitive energy supply offers was 12.10 cents a kilowatt hour (kWh), while the collective average rate of the seven utility companies was 13.57 cents a kWh. Customers who shopped for the lowest competitive energy supply offer could have saved an average of nearly 11 percent on their electric bill.
If a residential customer uses 1,000 kWh of electricity a month, the statewide average April supply savings would have been nearly $15 for the month.
All Massachusetts electric customers could have collectively saved more than $22 million if every customer enrolled with a competitive electric supplier that offered the lowest rate in their area.
A total of 250 competitive electric supply offers were available in April, of which 34 were fixed-rate offers. Customers also had 137 green energy supply offers to choose from.
This monthly rate summary analysis can be found here.
Data for this analysis is sourced from Massachusetts’ state-managed energy shopping website, EnergySwitchMA.gov.
