Massachusetts gas customers to see 10% rate cut

Massachusetts utility regulators have mandated a temporary reduction in natural gas bills for customers, instructing gas companies to cut rates by at least 5% for March and April due to unsustainable billing levels following significant delivery fee increases. The Department of Public Utilities (DPU) noted that spikes in energy costs, attributed to supply issues and increased usage during a cold winter, have placed financial strain on many residents. In response to public outcry, companies like Eversource and Unitil announced they would implement a 10% rate deferral without interest for customers during this period, while National Grid will also provide a 10% cut but plans to charge interest later. Meanwhile, legislation in Virginia aimed at offering financial relief to Appalachian Power Co. customers passed overwhelmingly, prohibiting rate increases during winter months and allowing for cost securitization to spread expenses over a longer period. Lawmakers emphasized the need for such measures to alleviate the burden on constituents facing high electric bills. Both states are grappling with rising energy costs and are taking steps to provide relief to consumers.