National Grid Plans to Reduce Gas and Electric Rates

It appears that there’s good news for National Grid customers in Hamilton and Wenham coming very soon.

In a pair of recent announcements, National Grid said they expect to lower the price for natural gas and electricity costs to take effect throughout Massachusetts from May 1 to October 1, pending permission from the Massachusetts Department of Public Utilities. The rate drop would apply to all customers in Hamilton and Wenham. There are about 4,600 National Grid electric customers in the two towns, combined.

Natural Gas bills are expected to be cut by 13 percent, with the current average bill of $47 per month dropping to $41.

Electricity bill cuts are projected at 10.4 percent, with an approximate $7.74 savings for an average customer.

The move comes from lower recent rates for wholesale natural gas prices to energy suppliers.

“It’s gratifying to be able to again pass these cost savings on to our customers,” said Marcy Reed, president of National Grid in Massachusetts. “With nearly 40 percent of the electricity used in Massachusetts being generated by natural gas, and with continued low natural gas prices, we expect that customers will see the benefits of these lower costs in both their natural gas and electricity bills.”

Despite the cuts, National Grid reports they will continue assisting customers interested in finding ways to save further on their energy bills, with more information on the “My Energy Efficiency Services” portion of their website.