Governor Baker files Energy Affordability Independence Act to reduce utility costs by $10B

Governor Maura Healey announced a significant step towards reducing energy costs for Massachusetts residents during a recent meeting, unveiling the Energy Affordability, Independence, and Innovation Act. This new legislation aims to save consumers over $10 billion over time, with an immediate impact of $100 million in the first year.

The governor emphasized the urgency of addressing rising energy bills, stating that the state has already implemented measures that have saved residents $225 million in recent months. These efforts included a 10% rate reduction and a $50 rebate on bills, alongside the introduction of a discount rate for moderate-income households, making Massachusetts the first state to offer such a benefit.

The new legislation will focus on removing unnecessary charges from utility bills, expanding the moderate income discount to gas customers, and increasing energy supply in the state. Healey highlighted the importance of accountability for utility companies, ensuring that every dollar paid by ratepayers is maximized for their benefit.

Secretary of Energy and Environmental Affairs Rebecca Tepper, who played a key role in developing the legislation, expressed gratitude for the collaborative efforts that led to this initiative. She noted the challenges faced by residents during the past winter due to high utility costs and emphasized the need for continued support, particularly for vulnerable populations such as veterans.

The Energy Affordability, Independence, and Innovation Act represents a proactive approach by the Healey administration to tackle energy costs and improve the overall affordability of utilities for Massachusetts residents. As the state moves forward with these reforms, the focus will remain on creating a more sustainable and equitable energy landscape.