24 Hrs
Source:
The Boston Globe
Report: Power Firms Overcharged New England
A report from Synapse Energy Economics reveals that electricity suppliers in New England have charged consumers billions of dollars in excess costs over the past decade, leading to higher monthly utility bills. Massachusetts customers on basic service paid a 43 percent premium above wholesale prices, while municipal aggregation customers paid an average 24 percent premium. The report criticizes these premiums, which have sometimes exceeded the cost of electricity itself, and highlights how fixed rates often overshoot real-time prices, adding to consumers’ costs.
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