February 8, 2010
NStar Plans Commercial, Industrial Rate Reduction
By Matthew L. Brown
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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