National Grid customers could be paying more for electricity and gas come April.
The utility is proposing a rate hike that would average out at 2.9% for electricity, or $2.20 a month, and a 1.7% natural gas boost, or $1.20 a month. Any rate increase must be approved by the state Public Service Commission. National Grid says most of the money from rate hikes goes into capital improvements, particularly in keeping their aging infrastructure operating.
The company noted that the rate hike might have been bigger, but that the new GOP tax plan lowered their corporate tax rate from 35 to 20%.