Governor Healey Unveils Energy Affordability, Independence & Innovation Act to Save Ratepayers $10 Billion

Leominster — Today, at the Leominster Veterans Memorial Center, Governor Maura Healey filed the Energy Affordability, Independence & Innovation Act to bring down costs for residents and businesses.

The legislation saves customers money, brings more energy into Massachusetts, and increases accountability of the utilities and drives innovation. Key reforms include eliminating and reducing certain charges on the bill, taking steps to create accountability and ensure utilities aren’t passing unnecessary costs onto ratepayers, and reducing barriers to new cutting-edge nuclear technologies. The administration estimates that the bill will save Massachusetts customers approximately $10 billion over 10 years, on top of the $6 billion in savings estimated from her Energy Affordability Agenda announced in March.

Kyle Murray, Massachusetts Program Director and State Program Implementation Director, Acadia Center: 

“After a brutal winter where ratepayers suffered high bills stemming from an overreliance on volatile fossil fuels, the Healey/Driscoll Administration is taking bold steps to deliver affordable and reliable clean energy in the Commonwealth. This creative legislation will help speed up renewable energy production, hedge against fossil fuel volatility, eliminate unnecessary charges, and provide effective oversight of our energy systems. Acadia Center looks forward to working with the Administration and the Legislature to move a bill forward that will help all residents with their energy bills.”

To read the full article from Mass.gov, click here.