New England Electricity Costs Are on the Rise — How to Reduce Usage While Staying Comfortable
Homeowners and businesses in New England are facing higher-than-ever electricity prices in 2014 and 2015, with increases of up to 50 percent expected in many areas.
These hikes in electricity prices are driven by the region’s greater reliance on natural gas to fuel electricity-generating power plants. While there are several plants in operation and more under construction, there are not enough supply pipelines available to provide the amount of natural gas needed to meet demand.
In addition, winter heating using natural gas reduces the supply of gas available to electric utility companies.
With significant price hikes on the horizon, there are a few things you can do to save electricity while keeping your home warm and comfortable: