Dear Valued RMLD Customer,
As February wraps up, March brings changes to RMLD, including a carefully timed annual rate increase to avoid coinciding with the winter heating season. Due to careful power supply planning to minimize the impact, the average residential customer can expect a $3.65 rise in their monthly bill.
In parallel, RMLD is accelerating its decarbonization compliance efforts with an updated Policy 30, surpassing state benchmarks by retiring up to 55% of certificates representing renewable and emission-free energy in 2024, six years ahead of schedule.
In unrelated news, three of our linemen were the guests of honor at Reading Public Library's story time. While we couldn't fully command their attention through the entire Lineman ABC's, the youngsters (and many guardians) were fully engaged after the story when we showed them a bucket truck and special lineman tools. Thank you to the Reading Public Library for this rewarding opportunity.
Read on for all of this month's highlights.
With Thanks,
General Manager Greg Phipps and the RMLD Team
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New RMLD Rates to Take Effect March 1 |
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Due to diligent power supply management and lower wholesale energy costs, RMLD has minimized its rate increase for 2024. Average monthly bills will increase by 3.4 percent across all rate classes effective March 1, 2024. As an example, the average residential bill is forecasted to increase by $3.65, which also incorporates a $0.69 increase to retire certificates to adhere to decarbonization compliance mandates. (More on that below!)
Average monthly bills beginning in March 2024 are estimated to increase by the following percentages for each rate class: 2.5% for residential customers, 3.3% for residential time-of-use customers 3.2% for commercial customers, 4.8% for industrial time-of-use customers, 3.3% for municipal customers, and 1.6% for schools. Rates are calculated on the cost of service to serve each rate class based on rate studies.
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RMLD Accelerates Decarbonization Efforts with Updated Policy 30 |
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RMLD is proud to announce an accelerated push towards decarbonization compliance with the recent update to Policy 30. Approved by the Board of Commissioners and Citizens’ Advisory Board, this update reinforces RMLD's commitment to reducing carbon emissions while maintaining low rates and high reliability. By exceeding state-mandated benchmarks, RMLD aims to retire up to 55% of certificates representing renewable and emission-free energy in 2024, six years ahead of the Commonwealth's 2030 compliance targets. This proactive approach, resulting in a modest increase of only 69 cents on the average monthly residential bill, demonstrates RMLD's dedication to a greener energy future while minimizing impacts on customers. |
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New RMLD Solar Rebate Beginning March 1 |
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Effective March 1, 2024, following a 30-month trial period at $1,200 per kilowatt, RMLD's solar rebate will revert to its standard rate of $600 per kilowatt. Initially introduced in July 2021 and doubled temporarily to assess solar uptake post-DOER funding, this adjustment aligns with renewed state and federal incentives. Redirected funds will bolster RMLD's alternative energy efficiency initiatives. Prospective customers are encouraged to explore new and enhanced state and federal incentives available alongside RMLD's offerings when contemplating solar installations. |
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Current Insights: Episodes 9 and 10 Now Available
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Episodes 9 and 10 of RMLD's Current Insights podcast and accompanying video cast are now available!
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Episode 9: "Solar Horizons: Navigating the Solar Installation Process". In this episode, we are joined by Integrated Resources Engineer, Tom Ollila. Tom sheds light on RMLD’s solar installation process as both a program specialist and an RMLD customer. Tom shares key considerations for homeowners contemplating solar installations, dispels common misconceptions, and outlines RMLD's supportive incentives and programs.
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Episode 10: "Guiding the Grid: Insights from RMLD's General Manager". In this special episode, we are flipping the script! Current Insights host and General Manager sits on the hotseat and shares his journey in the utility industry while discussing RMLD’s greatest challenges including aging infrastructure, rate affordability, and cybersecurity threats.
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Spring Into Savings with Our Dehumidifier Sale |
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Prepare for Spring with 10% select ENERGY STAR Rated Dehumidifiers!
Did you know that dehumidifiers enhance home energy efficiency by lessening the strain on both air conditioning and heat pump systems, as they regulate humidity levels effectively? By eliminating excess moisture, they create a more comfortable indoor environment, potentially reducing the reliance on both cooling and heating, thereby conserving energy.
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Don't Forget to Spring Forward Safely! |
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As we gear up to spring forward for Daylight Saving Time, it's the perfect opportunity to prioritize safety in your home. Alongside adjusting your clocks, we recommend taking a moment to change the batteries in your smoke and carbon monoxide detectors. Ensuring these essential devices are in proper working order can provide invaluable peace of mind for you and your loved ones. |
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Monday through Thursday: 7:30 a.m. to 5:30 p.m.
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Friday: Closed
Customers can continue to reach us 24/7 at 781-942-6598.
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230 Ash Street, Reading, MA 01867-0250 | PH: (781) 942-6598 (24/7/365) |
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