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Electricity and gas utility NStar wants to reduce electricity rates for large commercial and industrial customers.
In a statement, the company said the reduction is the result of lower prices on the wholesale electricity market and will be available to customers of its Basic Service option. Large commercial and industrial customers could see second quarter electricity prices drop by more than 13 percent, NStar said.
The reduction must be approved by the Massachusetts Department of Public Utilities. If it is, the new rates will go into effect April 1.
Nstar transmits and delivers electricity and natural gas to 1.4 million customers in Eastern and Central Massachusetts.
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A report by the State DOER shows that municipal electric utilities (or "munis", like Braintree, Peabody or Concord) charge less for the same electricity than large utilities like NStar: see http://www.massmunichoice.org/Documents/Annotated%20summary%20of%20DOER%20muni%20report.pdf
In 2007, a supermarket chain paid for its electricity 11.3 ¢/kWh from munis, 13 ¢/kWh from National Grid and 14.5 ¢/kWh from NStar.
Sign http://www.tinyurl.com/munipetition to ask the Legislature to allow new munis in Massachusetts. With competition from new munis, NStar will work harder to reduce its high rates.
Patrick Mehr, Massachusetts Alliance for Municipal Electric Choice
http://www.massmunichoice.org