Press Release  Department of Public Utilities Approves Reductions to National Grid’s Basic Service Rates

BOSTON — The Massachusetts Department of Public Utilities (DPU) today announced it approved reductions in electric basic service rates for Massachusetts Electric Company and Nantucket Electric Company, each d/b/a National Grid electric customers. On average, the decreases will result in a monthly bill decrease of about 40 percent for a typical residential customer. National Grid serves approximately 1.39 million electric distribution customers.

Beginning with usage after May 1, 2023, customers on the company’s basic service rate can expect lower electric bills.

“The Department knows that these rate reductions will provide much-needed relief to families and businesses,” said Department of Public Utilities Acting Chair Cecile Fraser. “We continue to work with utilities and stakeholders to help transition our energy supply to clean energy sources at a stable and affordable cost.” 

Under Massachusetts law, electricity is procured in a competitive market. The Massachusetts electric distribution companies are required to contract for an electric supplier on behalf of customers who choose not to select their own supplier. Basic service is procured through a competitive bidding process, and National Grid passes that cost on to their customers without profit to the company. National Grid’s basic service rates change each year on May 1 and November 1.

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