Switchbox @switch.box · Aug 15 1 / 2
Today, utilities are paying back loans for the grid they’ve already built to serve the summer peak. Because these costs are fixed, increased revenue from electrifying households allows utilities to reduce rates, which lowers electric bills for non-heat pump customers.
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Massachusetts has started rolling out new rates that offer lower delivery rates during winter for heat pump homes (“1.0” rates). It’s a step in the right direction—but not enough to fully correct the overcharge, or close the operating cost gap. 4/