Submitted by mrjojo-san t3_zoimu6 in boston
mgzukowski t1_j0qdapp wrote
Reply to comment by PMSfishy in Boston Area Electric bills - what's yours? by mrjojo-san
This is Massachusetts, they are highly regulated and the profit margin is set by the state.
PMSfishy t1_j0qdz1g wrote
mgzukowski t1_j0qeell wrote
Percentage of profit stayed the same, but costs went up. So total profit went up.
It also doesn't change the fact that the state OKs the rates. They ok the cost and they ok the delivery rate.
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