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Starting today, utility prices go up -- way up

8:18 AM Tue, Jul 15, 2008 |
Brandie Jefferson    Email

A National Grid utility rate hike goes into effect today, raising natural gas prices by 8 percent and electricity by 21.7 percent.

For a typical home, that means a $9.60 increase in an average monthly gas bill and a $16.67 increase in an average monthly electricity bill. In all it adds about $330 to yearly utility bills.

This comes one day after another option for heating, oil, reached record-high prices.

New gas rates are usually implemented on Nov. 1, but National Grid sought for this rate hike to stand for 16 months. The new gas rate holds until Nov. 1, and the new electric rate holds until Jan. 1.


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Comments

Tom said:

This State is going to Hell.....Any one in any position of so called leadership shoud resign immediatly.............YOU FAILED!!!



John said:

Time to break the monopoly of "THE GRID"... I'm thinking of signing up here to use some renewable energy sources, but of course with an increase to my utility bill

http://www.cleanenergyri.com



Robert Plumer said:

I see the future headlines a couple of months from now...Gas and electric shutoffs increase.



RI but not for long said:

Disgusting - you know what will rise too? CRIME!




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