What is the story about?
What's Happening?
Eversource has announced a proposed 13% rate increase for its gas customers in Massachusetts, set to take effect on November 1 if approved by the Department of Public Utilities. The increase is attributed to maintenance and infrastructure investments, as well as rising natural gas costs. Eversource serves approximately 640,000 gas customers in the state. The proposed rate hike follows a previous 23% increase last year, which led to significant public outcry over energy affordability.
Why It's Important?
The proposed rate increase by Eversource highlights the ongoing challenges of energy affordability in Massachusetts. Rising energy costs can significantly impact household budgets, particularly during the winter months when heating needs are highest. The situation underscores the need for effective regulatory oversight and potential legislative action to ensure energy costs remain manageable for consumers. The public response to the proposed increase may influence future regulatory and legislative actions aimed at improving energy affordability and sustainability.
What's Next?
The Department of Public Utilities will review Eversource's proposal, and their decision will be closely watched by both consumers and policymakers. If approved, the rate hikes could lead to increased public pressure on state officials to find solutions to rising energy costs. The outcome may also influence future regulatory and legislative actions aimed at improving energy affordability and sustainability.
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