BOSTON –– Massachusetts electric customers had 68 fixed-rate offers from competitive energy suppliers in May 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 11.86 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 more than 12 percent on their electric bill.
If a residential customer uses 1,000 kWh of electricity a month, the statewide average supply savings in May would have been nearly $15 for the month.
All Massachusetts electric customers could have collectively saved more than $20 million in May if every customer enrolled with a competitive electric supplier that offered the lowest rate in their area.
A total of 255 competitive electric supply offers were available in May. Customers had 139 green energy supply offers above renewable portfolio standards (RPS) 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.
