Due to the increasing requirements of adding new renewable energy resources to the BELD power supply mix, it’s necessary for us to increase our Energy Charge March 1 by $0.0025/kWh, raising the rate from $.06891 cents/kWh to $.07141 cents/kWh. The increasing renewable energy requirements mandated by the State of Massachusetts will require BELD to reevaluate our rates more frequently in the future. This increase will adjust our electric rate by approximately 1.8%, adding approximately $1.75/month to the average residential customer bill (700 kWh). As always, we will continue to work hard to find new ways to reduce costs and keep your electric rates affordable.
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