NSTAR Customers Could See Lower Natural Gas Bills

Courtesy of NSTAR

Beginning May 1, NSTAR Gas customers can expect the supply price for natural gas to drop by 27 percent compared to last year. The company has submitted a new supply price for its off-peak season of 34.72 cents per therm, down from 47.67 cents. 

If approved by the Massachusetts Department of Public Utilities, the average NSTAR customer who uses natural gas for heating, cooking and hot water will pay about $4.60 a month less than last year.

“NSTAR Gas customers continue to benefit from plentiful supplies and lower prices,” said Tom May, NSTAR chairman, president and CEO. “A growing number of customers are turning to safe, reliable natural gas as their year-round fuel of choice.”

If the proposed price cut is approved, NSTAR customers using an average of 29 therms of gas a month between May and October will pay $33.20 a month, down from $37.81. That represents a decrease on the total bill, including delivery and supply charges, of just over 12 percent. 

The supply rate, known as the Cost of Gas Adjustment, reflects the price NSTAR pays for natural gas, with no profit made by the company on this charge. The proposed decrease reflects a continued decline in natural gas prices largely due to newly available domestic supplies.

NSTAR is the largest Massachusetts-based, investor-owned electric and gas utility. The company transmits and delivers electricity and natural gas to 1.4 million customers in Eastern and Central Massachusetts, including more than one million electric customers in 81 communities and 300,000 gas customers in 51 communities.

For more information, visit www.nstar.com.