Overview
- The state will use $180 million in alternative compliance payments to fund roughly a 15% reduction on electric bills, which cannot be applied to gas customers.
- The remaining 10% electric and 10% gas reductions are structured as deferred charges to be repaid by customers, with electric recovery slated for April through December and gas recovery May through October for most customers.
- The relief applies to residential customers of National Grid, Eversource, Unitil, Liberty Gas and Berkshire Gas, and will begin appearing on February bills.
- The deferral components of the plan still require approval from the Department of Public Utilities before they take effect.
- Healey presents the move as immediate, short-term relief within a broader affordability agenda, as Republican critics dismiss the approach as a 'shell game' and 'political theater.'