SPRINGFIELD – This winter, residents and small business owners will have a chance to pay slightly lower electricity rates through a system that lets the city go on the market to negotiate lower supply costs.
While the current deal will save residents an average of just $3 a month on their electricity bills, because of the volatility of the market, the savings could be far more if energy prices spike, officials said.
If prices from Eversource instead unexpectedly drop, residents can switch out of the city’s Community Choice Power Supply Program within four days, only to rejoin months later when it is more favorable.
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