National Grid Residential, Commercial Default Service Rates To Spike Over 40%

National Grid has filed with the Massachusetts DPU proposed electric basic service rates for the period beginning November 1, 2015 which reflect a 40-47% increase in the basic service rates for residential and commercial customers.

The fixed residential basic service rate would increase over 40% to 13.129¢/kWh for the period November 2015 to April 2016, from the current 9.257¢/kWh

The fixed commercial (G-1) basic service rate would increase over 47% to 12.709¢/kWh for the period November 2015 to April 2016, from the current 8.640¢/kWh

The rates remain subject to DPU approval.

Additional rates are below:

National Grid Massachusetts Basic Service Rates
   ¢/kWh

Residential (R-1, R-2, R-4, E)

Fixed Rate: 
Nov-April       13.129

Monthly Rate Option
Nov  2015       11.318
Dec  2015       13.478
Jan  2016       15.238
Feb  2016       15.105
Mar  2016       12.088
Apr  2016       10.390




Commercial (G-1, Streetlights)

Fixed Rate: 
Nov-April       12.709

Monthly Rate Option
Nov  2015       11.146
Dec  2015       13.126
Jan  2016       14.838
Feb  2016       14.527
Mar  2016       11.861
Apr  2016       10.161




Industrial NEMA (G-2, G-3)

Fixed Rate: 
Nov-Jan         12.410

Monthly Rate Option
Nov  2015        9.864
Dec  2015       12.404
Jan  2016       14.656




Industrial SEMA (G-2, G-3)

Fixed Rate: 
Nov-Jan         12.448

Monthly Rate Option
Nov  2015        9.774
Dec  2015       12.407
Jan  2016       14.841




Industrial WCMA (G-2, G-3)

Fixed Rate: 
Nov-Jan         12.167

Monthly Rate Option
Nov  2015        9.309
Dec  2015       12.062
Jan  2016       14.782


All rates include the Basic Service 
Administrative Cost Adjustment Factor

"National Grid remains concerned about volatile and unpredictable electricity supply prices our customers are subject to," Marcy Reed, president of National Grid in Massachusetts, said in a news release

"National Grid continues to advocate for a balanced portfolio of energy resources, including large-scale renewables, increased natural gas capacity and enhanced energy efficiency programs, as the key to securing New England’s long-term energy future and providing our residential and business customers with the stability they need," the company said.