Massachusetts utility bills are climbing. Here are four possible fixes.
Rising bills for gas and electric service have many consumers up in arms. It’s charges for the Mass Save energy efficiency program to blame, some say. It’s the utilities padding their bottom line, others say. It’s too much spending on infrastructure. It’s the colder winter.
The profit margin adds to the cost of any infrastructure projects that regulators approve, noted Kyle Murray, director of state program implementation at Acadia Center, a nonprofit focused on clean energy policy.
“Return on equity is certainly something to look at,” said Murray, who has made filings asking regulators to lower the profit rate. ”They’re making profits off of every additional pipeline. Every pipe that gets put in the ground, that is profit for them.”
To read the full article from the Boston Globe, click here.
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