ARE COMPETITIVE ELECTRICITY SUPPLIERS LIKELY TO SAVE ME MONEY?

With electricity prices 29 – 37% higher this winter than during the fall, Mayor Walsh is working with the utilities to provide relief. Due to the rate increase, many residents are thinking about whether a competitive electricity supplier is likely to save them money. Here’s some advice from our friends at Cape Light Compact about why rates have jumped and what to consider if you’re thinking about switching to a competitive power supplier instead of the basic rate from your utility. Explanation for the rate increase for December – July 2015 supply prices Natural gas is the primary fuel for generating electricity