Residential and business customers living in Lowell, Massachusetts can choose a competitive electric supplier and lower the supply rate on their electric bills. Lowell electricity rates have become more affordable since Massachusetts deregulated the electricity market and allowed energy providers to compete with each other for your business. Competition drives down energy prices as providers work to increase their market share. Increasing the supply of energy providers gives Lowell residents more options to choose from when selecting an energy plan.
The city of Lowell is located 30 miles north of Boston and has a population of just over 111,000. The city is subject to harsh winters with annual snowfall averaging over 55 inches per year. Energy demand tends to increase during bad weather which can cause energy prices to spike. Locking in a fixed price will protect you against volatility in the energy market.
Lowell Utility Companies
The main job of Massachusetts’s utility companies is to maintain the power lines and deliver the electricity to their customers. The delivery charge is the regulated section of the electric bill and is overseen by the Department of Public Utilities. Customers can not switch over to another utility company for delivery services but can choose another electric supplier for the supply charges.
The main utility company in Lowell is National Grid (Massachusetts Electric). Besides delivering the power, National Grid is responsible for providing a basic service charge to customers that do not change energy providers. The basic service charge is also called the price to compare. If an electric supplier is offering a lower rate than the price to compare, then the customer will be saving money by switching to the new plan.
If you experience a power outage, then contact the utility company in your service area. Even if you change energy providers the local utility company is still responsible for fixing all power outages within its service area.
- National Grid (Massachusetts Electric) power outage contact: 1-800-465-1212
- National Grid (Massachusetts Electric) customer service: 1-800-322-3223
Renewable Energy in Lowell
The call to move towards a more sustainable future is growing louder. Before 2008, renewable energy that generated one megawatt or larger came from biomass and hydroelectric facilities. As investments poured into renewable energy projects, electricity produced by solar and wind began to increase. In the past year, solar became one of the leading sources of renewable energy generation in the state of Massachusetts. As of 2019, 23% of the state’s net generation comes from renewable energy sources according to the U.S. Energy Information Administration.
Business Electricity Rates in Lowell
A company can save a tremendous amount of money by shopping for an energy plan that is customized to its meter. Unlike residential electricity rates where one rate fits all, the amount a company pays for business electricity rates is largely based on its meter. Generally speaking, the more energy a business consumes, the lower the supply rate. This is the reason industrial size users pay much less for the supply rate than small mom and pop shops.
If you’re a small business with multiple meters, then aggregating your meters might help you receive a better rate from the energy companies. If you have any questions, our energy advisors at ElectricRateSelect.com have over 10 years of experience and will be happy to guide you through the process.