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AG Says Customers On Competitive Retail Supply Paid $87 Million More Than SOS In Past Year
January 31,2020 In renewing a call to end individual residential electric choice in Massachusetts, Maura Healey, Massachusetts Attorney General, previewed in Commonwealth Magazine a soon-to-be published update to prior studies concerning the cost to residential customers on competitive retail electric supply versus basic service Healey newly reported that for the latest annual period, "consumer losses increased over the previous year from $76 million to $87 million." As previously reported, a report from Healey's office said that individual residential electric customers who switched to a competitive electric supplier paid $76.2 million more than if they would have remained with default service during the one-year period from July 2017 to June 2018. Healey said that, for the period July 2015 and June 2019, residential customers of retail electric suppliers paid $340 million more than basic service In the Commonwealth Magazine piece, Healey wrote, "On average, low-income residents who’ve signed up with competitive suppliers are paying $196 more each year than they should have paid for their electricity. We even found some low-income residents overpaid by $300 a year." Healey renewed previously reported calls (see story here) to end individual residential retail electric choice, as now contained in bills H.311 and S.195. As previously reported, opt-out municipal aggregations could continue to serve residential electric customers under the proposed legislation See Commonwealth Magazine for Healey's full column
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