Eversource Energy in Massachusetts: How Businesses Can Save Money on Energy Costs
Eversource Energy in Massachusetts: How Businesses Can Save Money on Energy Costs
Eversource Energy is one of the largest utility companies in the United States, serving over 3.7 million customers across Massachusetts, Connecticut, and New Hampshire. As a business owner in Massachusetts, managing your energy costs is essential to maintaining your bottom line. Fortunately, there are ways to reduce your energy bills while still keeping your business operating at peak efficiency. In this article, we’ll discuss how Eversource Energy operates in Massachusetts, the benefits of energy efficiency for businesses, and how businesses can save money on their energy costs.
About Eversource Energy in Massachusetts
Eversource Energy, formerly known as Northeast Utilities, has been serving Massachusetts customers since 1927. The company provides electricity to over 1.4 million customers and natural gas to over 300,000 customers in the state. Eversource is responsible for the delivery of electricity and gas to homes and businesses in Massachusetts, but it is not a supplier of energy. Instead, customers can choose from a variety of energy suppliers to provide their energy needs.
Eversource Energy in Massachusetts operates as a regulated utility, which means that the rates charged to customers are regulated by the Massachusetts Department of Public Utilities. The rates are designed to ensure that Eversource can recover its costs for delivering electricity and gas, while also providing a reasonable rate of return to its investors. Eversource’s rates are reviewed and approved by the Department of Public Utilities every year.
Benefits of Energy Efficiency for Businesses
Energy efficiency is the practice of using less energy to perform the same functions. By using energy-efficient technologies and practices, businesses can reduce their energy consumption and save money on their energy bills. In addition to cost savings, there are several other benefits of energy efficiency for businesses:
Environmental Benefits: By reducing energy consumption, businesses can help to reduce greenhouse gas emissions and minimize their environmental impact.
Improved Comfort: Energy-efficient technologies can improve the comfort of your business by reducing drafts, improving temperature control, and reducing noise levels.
Increased Productivity: A more comfortable work environment can lead to increased productivity, as employees are less distracted and more focused on their work.
Enhanced Reputation: Businesses that prioritize energy efficiency can enhance their reputation and attract customers who value sustainability and environmental responsibility.
How Businesses Can Save Money on Energy Costs with Eversource Energy
Schedule an Energy Audit: One of the best ways to identify opportunities for energy savings in your business is to schedule an energy audit. An energy audit is an assessment of your business’s energy usage, which can help you identify areas where you can reduce your energy consumption. Eversource offers energy audits to its customers in Massachusetts.
Upgrade to Energy-Efficient Lighting: Lighting accounts for a significant portion of a business’s energy usage. By upgrading to energy-efficient lighting, such as LED bulbs, businesses can save up to 75% on their lighting costs. Eversource offers rebates for businesses that upgrade to energy-efficient lighting.
Implement HVAC Upgrades: Heating, ventilation, and air conditioning (HVAC) systems can account for up to 40% of a business’s energy usage. By implementing HVAC upgrades, such as upgrading to a more energy-efficient system or installing a programmable thermostat, businesses can save on their energy bills. Eversource offers rebates for businesses that implement HVAC upgrades.
Participate in Demand Response Programs: Demand response programs allow businesses to reduce their energy usage during times of high demand, such as hot summer days. By participating in these programs, businesses can receive financial incentives for reducing their energy usage during peak times. Eversource offers demand response programs to its customers in Massachusetts.
We hope this article has provided valuable insights into how businesses can reduce energy costs with Eversource Energy in Massachusetts. By taking the time to understand energy procurement strategies and choosing the right energy supplier, businesses can potentially save thousands of dollars each year on their energy bills.
Remember, Bid On Energy is here to help businesses in Massachusetts compare electricity rates from various suppliers and make informed decisions. Our experienced team can guide you through the process and help you find the best energy plan that fits your business’s unique needs.
Don’t hesitate to give us a call at (302) 360-8110 or visit our website to learn more about how we can help you save on your energy bills today.