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June 1, 2016

GMP rates among lowest for New England utilities

Green Mountain Power rates continue to rank among the lowest of New England’s largest utilities, according to the most recent data compiled by the Edison Electric Institute and released May 25. Overall, GMP’s rates are the second lowest and 17 percent lower than the regional average, while its industrial rates are the lowest. Residential customer rates are ranked second lowest and commercial rates third lowest of the 14 utilities ranked, which cover the bulk of customers in New England.

Green Mountain Power has lowered bills three times in the last four years and overall rates in 2015 were lower than they were in 2013, reflecting the company’s success in operating efficiently and its long-term power supply strategy.

“We are especially pleased to have kept rates stable at a time when cost pressures in New England have driven significant rate increases for other utilities, including some with double-digit increases,” said Mary Powell, president and CEO of Green Mountain Power.

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