Home About Archives RSS Feed

WMECo Commercial Customers See Rate Hike

Staff Reports

SPRINGFIELD, Mass. — Western Massachusetts Electric Company's medium and large commercial and industrial customers who choose Basic Service will see increased electric supply prices beginning in October as a result of the latest round of competitive bidding. Medium and large C&I customers will see a fixed rate of 8.051 cents per kilowatt hour (kWh) from Oct. 1 through Dec. 31, an increase of just under a penny per kWh over the current fixed rate of 7.052 cents. 

The energy supply was solicited in the open energy marketplace for those customers who have not chosen to purchase their energy supply from a competitive supplier.  The increase in supply price reflects the projected seasonal price of energy at the time of bidding in July.

"For medium and large business customers who choose Basic Service, our role is to competitively procure the energy supply in the marketplace," said Peter Clarke, president and chief operating officer of WMECo. "We encourage business customers to seek out suppliers who may be able to offer better supply rates directly."

WMECo purchases electricity for its Basic Service customers through an open competitive bid process. Basic Service is for customers who have not chosen to purchase their electricity in the open marketplace. The competitive bid process for medium and large C&I customers occurs every three months. For residential and small business customers, the bidding is conducted every six months.

WMECo, part of the Northeast Utilities System (NYSE:NU), serves approximately 200,000 customers in 59 communities throughout Western Massachusetts. For more information: www.wmeco.com.

Write a comment - 0 Comments       Tags: WMECo, electricity      

Support Local News

We show up at hurricanes, budget meetings, high school games, accidents, fires and community events. We show up at celebrations and tragedies and everything in between. We show up so our readers can learn about pivotal events that affect their communities and their lives.

How important is local news to you? You can support independent, unbiased journalism and help iBerkshires grow for as a little as the cost of a cup of coffee a week.

News Headlines
Pittsfield Health Board to Make Action Plan for Cell Tower
Williams Women's Hockey Wins in OT
Mount Holyoke Women Pull Away Late at MCLA
State Police Investigating Death of Individual Found in Pittsfield State Forest
Aluminum Sulfate Spill Closed Route 7 at Vermont Border for 4 Hours
Open House Set Dec. 10 at New Wahconah High
Greenagers Youth Crew to Assess County Bridges and Culverts
Williams Women's Hockey, Basketball Earn Wins
Williamstown's DIRE Committee Looks to Address Elders' Concerns
Pittsfield School Committee Aims to Shorten Meeting Times

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (5)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Berkshire Living Flood Berkshire Creative Unemployment North Adams Talkberkshires Great Barrington Adams Currency Williamstown State Statistics Auction Pittsfield Jobs Excelsior Breakfast Small Business Statistics Berkshire Chamber Of Commerce Unemployment Bj's Gas Prices Sales Tax Walmart Baldwin Merger Expansion Crane & Co. Social Media Berkshire Enterprises Store Opening Sabic Wmeco Qualprint
Popular Entries:
Pittsfield Lab To Do 11 Percent of Missile-Building Contract
Gramercy Moving to MoCA
Berkshire Living Folds
Super Duper Wally World
Funding Secured For Pittsfield BJ's Wholesale
Business Briefs for December
South Adams Exposes Retail Clients
New Simmons Store Creates Allendale Alliance
Aladco Installs New 'Green' Washing Machine
State Added 12,700 Jobs in July
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move