A big announcement was made by Eversource on Monday that could positively impact how much customers pay for electricity per month.
After Eversource customers on a basic service rate have been hit with higher electric bills for more than a year, a change could be coming in a matter of weeks.
“This is good news. The cost of energy is coming down,” said Eversource spokesperson Priscilla Ress.
Ress told Western Mass News that the company filed what they call “significantly reduced electric supply rates with the Massachusetts Department of Public Utilities” after energy prices hit historic highs in the New England region in 2022, mainly because of global demand and the impact from the war in Ukraine. She told Western Mass News that this is a great time for a rate cut considering the price of energy is trending downward.