Utilities plan to recoup costs from the governor's winter bill reductions

"National Grid, which has 2.3 million customers in the state, plans to recover the costs of the governor's winter bill reductions by adding charges to customers' off-peak bills. For gas customers, the company proposes spreading those charges from May through October to make up about $53 million in deferred costs. Under the company's estimates, the average residential heating customer would pay about $9 more per month during that period."

"Fifteen percent of the reductions in electricity bills will not need to be repaid, as the state is using $180 million in existing funds to pay for it. However, it leaves 10% of the reductions in electric bills and 10% of the reductions in gas bills unaccounted for. For electric customers, National Grid is requesting a deferment of recovery until April, estimating about $43 million in deferred costs."

Gov. Maura Healey approved cuts of 25% for electricity and 10% for gas for February and March. Utility companies filed plans with the Department of Utilities to recover those reductions through deferred charges beginning in April. The state will cover $180 million, eliminating 15% of electricity reductions from repayment but leaving 10% of electric and 10% of gas reductions to be recouped. National Grid plans off-peak surcharges: gas recovery spread May–October to recoup about $53 million (roughly $9/month for average heating customers), and electricity recovery April–December to recoup about $43 million (about $4/month). Eversource proposes similar deferred charges at the prime lending rate starting in May.

Read at Boston.com