Danvers Electric Commercial Rates To Jump Starting In April

DANVERS, MA — Medium and large commercial Danvers Electric customers will see between a 4 and 6 percent increase in their bills, starting in April, after the Municipal Light Board approved the "demand charge" increase at its last meeting.

The Municipal Light Board said the adjustment is based on findings from the most recent Cost of Service Study, which determined that "demand-related rates were not fully recovering the infrastructure costs required to serve these customers. "

The demand rate has not been updated in more than 20 years. The next rates were effective as of April 1.

Danvers Electric said rates will increase between $2 and $3 per kilowatt.

The town said that for most medium and large commercial customers, the average monthly bill increase is expected to be
approximately 4 to 6 percent. Customers with a more consistent electrical load relative to their peak demand will experience a smaller impact.

Danvers Electric said it encourages businesses to review opportunities for load management to help mitigate peak demand costs.

Customers with questions about how the demand charge affects their facility, or who are interested in load
management strategies, are encouraged to contact Energy Resource Manager Jeff Elie at jelie@danversma.gov.