Utility companies have warned customers in New England of high electric prices for the winter, but electric bills are already hitting customers harder than expected before winter begins. In New England, electricity prices are driven in part by natural gas prices and transportation costs. Because New England relies heavily on natural gas and because there….
With Skyrocketing Prices, New Bedford Buying Group Saves Company’s Vital Energy Dollars
By Simón Rios New Bedford Standard Times Posted Dec. 7, 2014 NEW BEDFORD — Precix, one of the city’s largest manufacturers and a global player in the o-ring industry, was on edge about its finances this fall. Though the company projects its growth at 11 percent in the coming year, skyrocketing energy prices had officials….
Over 100 Companies Join Energy Buying Group MassMEC to Save on Cost of Winter Utility Bills
Mass. manufacturers make the switch to state sponsored energy buying program as electricity prices spike Boston (December 3, 2014) – The Massachusetts Manufacturing Energy Collaborative (MassMEC), a buying group of manufacturers that reduces energy costs by purchasing energy supply in bulk, today announced that more than 100 businesses have signed on to participate in….
MassMEC Invites Members of SBANE to Save on Energy This Winter
SBANE members asked to consider MassMEC to save money on energy this winter Boston (November 24, 2014) – The Massachusetts Manufacturing Energy Collaborative (MassMEC) is inviting members of Smaller Business Association of New England to save on the cost of electricity and gas this winter by joining its energy buying group. MassMEC reached out to SBANE….
High NSTAR Electric Rates for Winter 2015
NSTAR just filed basic electric rates for Winter 2015 beginning January 1st, similar to the high rates recently filed by NGRID. Thanks, MassMEC Team
MassMEC Member of the Month | Cape Cod Beer| September 2014
The Massachusetts Manufacturing Energy Collaborative (MassMEC), an energy buying group for manufacturers in Massachusetts, is proud to present the MassMEC Group Member of the Month to Cape Cod Beer. Brewed in Hyannis, Massachusetts, Cape Cod Beer is Cape Cod’s only microbrewery, with beer on draught and in growlers between Plymouth and Provincetown. The craft brewer also distributes….
NGRID Announces High Winter 2014-2015 Electricity Rates
National Grid recently filed the following basic electricity rates, fixed and monthly, to the MA Department of Public Utilities. All rates include the Basic Service Administrative Cost Adjustment Factor, and they are effective beginning November 1st: 2014: Residential (R-1, R-2, R-4, E) Commercial (G-1, Streetlights) Industrial NEMA (G-2, G-3) Industrial SEMA (G-2, G-3) Industrial….
NYMEX Natural Gas Futures Trade Above $4.00 per Decatherm
Natural Gas has moved above $4.00 this morning, September 17, 2014. After several runs at $4.00, NYMEX Natural Gas is now trading above this mark, which previously acted as a barrier. Thanks, MassMEC Team
Increased Storage Drops Natural Gas Back Below $4.00
After making a push to $4.016 on the Nymex on 9/9, natural gas has fallen back below four dollars. This has proved to be a common theme the last few months. The price of natural gas rises to around four dollars but loses momentum, and comes back down. This week’s regression can be attributed….
High Winter Rates Released for New England
Utilities across New England recently filed their basic service rates with the public utilities commission for the 2014 fourth quarter. Due to natural gas pipeline constraints and concerns about winter weather, we will see extremely high basic service rates starting in December. December 2014 rates are listed as -NSTAR SEMA $0.14462/kWh -NSTAR NEMA $0.14462/kWh -WMECO….