National Grid Freezing Rates Due to Freezing Temperatures
With the frigid cold temperatures recently many utility customers are anxiously awaiting their next light bill. The State Public Service Commission has ordered National Grid to temporarily freeze its rates in order to provide some relief to customers.
National Grid will give customers a temporary credit in February to offset increases in electricity usage.
The rate freeze does not mean your bill won't go up next month, it just means the price you pay per kilowatt hour is locked in at January's price.
Of course customers will make up the for the rate freeze in future bills.
The PSC said National Grid's rates could have increased as high as 27 percent in February.
For the average customer, that would have meant in increase of anywhere from $12 to almost $30 next month.
The PSC is also looking into why National Grid customers are experiencing what it calls higher than normal price increases.