Hi-tech meters could hike electric bills | Local News
BOSTON — Massachusetts electricity consumers, who already pay some of the highest rates in the nation, could be digging deeper into their pockets in coming years to cover upgrades to the regional power grid.
Two of the state’s largest utilities — Eversource and National Grid — are proposing new charges to offset long-term upgrades in the electric distribution and metering systems.
National Grid, which serves Cape Ann and has about 1.3 million customers in Massachusetts, is proposing a four-year, $487 million plan for replacing about 900,000 “smart meters” it says will reach the end of their life span in coming years.
Eversource, which serves about 1.4 million electricity customers in Massachusetts, is asking state regulators to sign off on…