Massachusetts utilities are beginning to announce their spring/summer rates, the May 20 edition of the Boston Globe has a nice article-although it only tells part of the story. In short-the rate ride continues.
Consumer advocates and officials across New England continue to express concern about periodic electric utility rate increases. Electric utilities are often taken to task for taking customers on a rate roller coaster ride. During the winter of 2014/15 National Grid customers in Massachusetts paid 37% more than the previous winter. Eversource (previously NSTAR) rates increased 29%. The rate increases were the subject of many news stories like these from the Boston Globe and WGBH.
Many electric utility customers across Massachusetts are fighting back and taking advantage of longer term fixed rates offered by Provider Power. These customers have selected the security of fixed rates over the rate uncertainty that comes from their utility.
As spring/summer rates are announced by utilities, ask this question: Will these rates balance out the higher winter rates? History shows us they do not. Looking back over the last 18 months, longer term fixed rates prove their worth.
As this chart shows, even when utility rates go down, they don’t off set the peak costs during the winter. Going back to the Fall of 2013, the average National Grid customer who switched to Provider Power saved nearly $250.
Here are some of the the benefits of longer term fixed rates with Provider Power.
[list_item icon=”fa-home” color=”#F17722″]Protection from fluctuations in the market. Provider Power customers don’t worry about rate peaks.[/list_item]
[list_item icon=”fa-home” color=”#F17722″]Security and Budgeting. If you know how much power you use, consumers can predict their monthly bills.[/list_item]
[list_item icon=”fa-home” color=”#F17722″]Provider Power is a New England owned company. We do business with other local companies, hire locally and support local non-profit groups.[/list_item]