They include:Įlectricity plan options: It's important to compare various electricity plans offered by different suppliers. There are several factors to consider when choosing an electricity plan in Massachusetts. What should you look for when choosing an electricity plan in Massachusetts? Generalized costs may work for residential or small commercial clients, but larger companies should seek a custom price. Ensure that contracts don't have features like early termination fees or automatic rollover triggers when the initial contract expires.įor businesses, customization of prices based on a company's exact load profile can be a game-changer, Ciavardini said. You should explore your options, assess the market conditions and understand your risk tolerance, Ciavardini said. Residential customers in Massachusetts can visit the state's official Department of Public Utilities and the state's official electricity supplier shopping site to find information on how to compare energy supplier rates. They should also make sure no surprise costs boost the fixed price they're signing up for. Residential customers generally focus on the cost of a kilowatt-hour of electricity and key terms and conditions when choosing an energy supplier, Ciavardini said. Generally, shop around for the best price per kilowatt-hour. How do you find the best electricity rates in Massachusetts? Electricity suppliers can work directly with commercial clients or their energy consultants to develop particular solutions to match the needs of the business. The rates for renewable energy plans may differ based on the supplier and the proportion of renewable energy in the plan.įor businesses looking to switch their electricity providers, there's often more to consider beyond the price and source of electricity, Ciavardini said. These plans primarily rely on renewable sources including wind, solar and hydropower. Your electricity rate varies monthly due to market forces such as wholesale energy prices and demand and supply changes. Variable-rate plans offer more flexibility but are more risky for certain people. They guarantee price stability and predictability even when market prices fluctuate due to changes in commodity prices, interest rates or other market-driven forces. These plans offer a fixed electricity rate for a specific period, usually from a few months to a few years. Here are the types of electricity plans commonly offered in Massachusetts. What types of electricity plans are offered in Massachusetts?
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