Following last winter’s disastrous effects on our wallets, consumers are naturally concerned about what this winter might hold in store as the temperatures have started to drop and there’s already been snow in parts of Illinois and Michigan this past week. If you live in the northeast it doesn’t sound like the news is good, but it likely won’t be quite as bad as last year for most.
Unfortunately, Massachusetts is already warning consumers that they’ll have significantly higher electric bills this winter, with National Grid saying rates could rise by 37% and the Energy Department predicting a 12% rise in power prices for the whole Northeast. This adds up to around a $150 month increase for Massachusetts households, and an even larger increase for their businesses. Continue reading