We know that this winter will be especially challenging, as more people keep their thermostats up to stay warm while working and studying from home, and we’re here to help, even if you’ve never asked for help before. We have special payment and assistance programs and ways to help lower your energy use and bill.
How much is the increase?
For residential gas heating customers, there is an increase of from $0.0109 per therm to $0.6946 per therm.
How will this impact my bill?
Average customers will see an approximately $61.32 increase over October 2020 bills. This increase is due in part to artificially low summer supply rates and a one-time credit which was applied to October bills.
This is an increase of about 1% compared to last winter’s rate.
Your usage may increase as well. For the average heating customer, usage increases from approximately 46 therms in October to 89 therms in November, as the need for heating increases. This increase is highly dependent on weather, and we expect with more people at home throughout the day, this usage may increase even further.
Why is the supply rate increasing?
We purchase natural gas from suppliers at market cost. Twice per year, in May and November, the natural gas supply rate is adjusted based on actual market costs of procuring gas for our customers.
Colder temperatures mean more demand and higher costs than summer months. This is why the winter rate is usually higher than the summer rate.
The supply rate increase reflects the actual cost of purchasing natural gas for our customers—with no profit to Eversource.
When will this increase go into effect?
The gas supply rate will increase on November 1, 2020, and will be in effect until April 30, 2021.