Many Worcester residents in the red after switching electricity suppliers
By George Barnes August 1, 2019
WORCESTER — City residents who switched their electric suppliers in recent years in the hope of lowering their energy costs instead saw higher bills, a study by state Attorney General Maura Healey’s office found.
In June 2018 alone, Worcester residents who switched electric companies and received their power from a competitive electric supplier suffered $250,000 in net losses, more than any other city or town in the state.
The attorney general’s report, which expands on a report on the competitive electric supply industry released in March 2018 found that consumers across the state who switched electricity suppliers paid $76.2 million more during the period from July 2017 to June 2018 than they would have if they had remained with their existing service. Over the three years from July 2015 to June 2018 the amount lost was $253 million.