Why Utility Rates Are So High: How Retail Markets Can Help With energy prices on the rise, monthly utility bills are catching many consumers by surprise. Rate shock occurs when utility rates increase so sharply that some customers struggle to pay their bills. Rate shock is stressful and disruptive to people’s day-to-day lives, wreaking havoc […]
BOSTON, MA (May 2, 2023) – Instead of encouraging electric utility ratepayers to save money by taking advantage of offers from retail energy suppliers that are below the utility’s rate in every territory across the state, today the Attorney General’s Office of Massachusetts recommended that the legislature eliminate the electric supply market for residential consumers. […]
In late 2022, the Federal Trade Commission (FTC) announced that it was seeking public comment on potential updates to its ‘Green Guides,’ aiming to recalibrate its guidance following shifts in consumer expectations and stakeholder commitments around environmental commitments. Consumers are increasingly interested in and demanding access to less carbon-intense forms of energy, including renewable energy. […]