Eversource customers in Western Massachusetts will soon be seeing lower electric bills.
The company announced Thursday that the state's Department of Public Utilities had approved their request for a reduction in the supply price - from 14.228 cents to 9.767 cents per kilowatt-hour, which represents an approximately 31 percent decrease.
Eversource explained earlier this week that the company buys electricity from generators and passes that cost directly onto its customers on their Basic Service supply option, without any profit added. That rate can change twice a year - on January 1 and July 1.
With the new rate reduction, someone using 500 kilowatt hours per month, that bill would drop approximately $22 per month - or 18 percent - from $121.l0 to $98.79.
Customers who purchase their power from an aggregate buyer or directly from generators would not see any impact from Eversource's rate drop.
The new, lower rate goes into effect on July 1.
Copyright 2015 Western Mass News (Meredith Corporation). All rights reserved.