Massachusetts Residents Lost $426 Million Through Competitive Electric Supply Contracts in Last Five Years
Study Shows Low-Income Residents and Communities of Color Are Disproportionately Harmed; AG Urges Passage of Legislation to Ban Suppliers from Signing Up New Residential Customers
In April of 2021, Massachusetts Attorney General Maura Healey released a report that found in the last five years, individual residential customers who received their electricity from competitive suppliers paid $426 million more on their bills than they would have paid if they had stayed with their utility companies.
This is the third report from the AG’s Office that shows that residents who enroll with these companies continue to overpay for electricity by tens of millions of dollars each year. Overall, the approximately 450,000 individual residential customers in the state who are currently enrolled with competitive suppliers lost $173 million in the most recent two years of data examined in the report. The AG’s report also found that these suppliers continue to charge low-income residents and residents in communities of color higher rates for their electricity.
The report’s findings highlight the urgent need to pass legislation that AG Healey, Sen. Brendan Crighton, and Rep. Frank Moran filed earlier this year that will ban these companies from signing up new individual residential customers in Massachusetts.