During the Municipal Light Board meeting held on June 28, 2022, the board discussed the electric rates for the remainder of the 2022 calendar year. The board decided there will be no change in the current electric rates and no increase will be applied.
Danvers Electric is committed to providing reliable electric service for all its customers. With electric prices remaining roughly one-third lower for Danvers customers compared to the average electric customer in Massachusetts, Danvers Electric strives for financial prudence and sustainable management.
“As a public utility, we are proud to offer our electric customers steady rates. Danvers Electric staff and the Board will be closely monitoring market conditions along with the high cost of fuel and supplies that is currently being experienced. Although a rate increase is not needed at this time, a full review of the budget, costs and revenue will be completed again in September” says David Lane, Director of Public Works and Utilities.
Danvers Electric rates are based on the cost of purchasing and delivering power to Danvers customers, the cost to maintain current infrastructure and improvements, as well at the operational costs associated with owning and operating the Town’s electric grid.
If you have further questions regarding Danvers Electric or your electric rates, please visit our website https://www.danversma.gov/departments/electric-division/ or call 978-774-0005.