Expect lower electricity costs this winter, according to Eversource Energy.
It said the Public Utilities Regulatory Authority (PURA) today approved electricity prices from power suppliers that are 18 percent lower than last winter, the lowest winter rate since 2013.
On Jan. 1, the residential Standard Service supply price will be 7.87 cents per kilowatt-hour, down from last winter’s 9.56 cents, Eversource said.
“While New England still faces significant constraints on natural gas supplies that affect the price of electricity, Eversource is pleased to be able to pass this winter’s price reduction on to its customers,” an announcement said.
The new generation rate will be in effect through June 30, the company said.
On average, a residential customer who uses 700 kilowatt hours of electricity each month will see a reduction of approximately $12 per month, compared to last winter, Eversource said.
It added: “How much a customer actually pays will depend on how much energy is used, the rate category, and weather conditions through the heating season.”
