History repeated itself at a hearing before the Legislature’s Joint Committee on Telecommunications, Utilities and Energy on Monday, where Attorney General Andrea Campbell testified in support of legislation to protect individual utility ratepayers.
Allowing consumers to choose their electricity supply companies has failed to lower rates for home customers, according to recommendations given to the Legislature on Wednesday.
Allowing consumers to choose their electricity supply companies has failed to lower rates for home customers, according to recommendations given to the Legislature on Wednesday.
BOSTON Today, Massachusetts Attorney General Maura Healey released a report that found in the last five years, individual residential customers who received their electricity from competitive suppliers paid $426 million more on their bills than they would have paid if they had stayed with their utility companies.
This is the third report from the AG’s Office that shows that residents who enroll with these companies continue to overpay for electricity by tens of millions of dollars each year. Overall, the approximately 450,000 individual residential customers in the state who are currently enrolled with competitive suppliers lost $173 million in the most recent two years of data examined in the report. The AG’s report also found that these suppliers continue to charge low-income residents and residents in communities of color higher rates for their electricity.