Unitil Commercial Energy Pricing Overview
Unitil, a major utility company servicing parts of Massachusetts, New Hampshire, and Maine, offers commercial electricity pricing that fluctuates based on market demand and energy supply costs. Understanding their pricing structure is key for businesses in deregulated areas to manage energy expenses effectively. Below is an overview of Unitil’s commercial energy rates, their history, and future trends, along with a list of the cities and towns they serve.
Current Commercial Energy Pricing
As of August 2024, Unitil’s commercial electric rates vary based on load factors. For large customers (those with monthly usage of over 120,000 kWh), the standard delivery rates are broken down as follows:
- On-Peak Rates: Ranging from $0.06179 to $0.07879 per kWh, depending on the load factor.
- Off-Peak Rates: Ranging from $0.04163 to $0.05863 per kWhUnitilMassachusetts Government.
For medium and small commercial customers, the pricing is set for specific time periods. As of February 2024, the fixed basic service charge is $0.19412 per kWh, while for those opting for variable pricing, the rates can go up to $0.30244 per kWh, influenced by wholesale market fluctuations
.
Historical Pricing Trends
Commercial energy rates have experienced fluctuations due to market conditions, fuel costs, and infrastructure upgrades. For example, in May 2024, rates were as low as $0.06791 per kWh, increasing to $0.08214 per kWh by June and July
. These changes reflect typical seasonal adjustments, as summer months tend to see higher energy demand.
Unitil Service Areas
Unitil provides electricity services in deregulated areas, which allows businesses to choose their energy supplier. Major service areas include:
- Massachusetts: Cities like Fitchburg, Ashby, Townsend, and Lunenburg.
- New Hampshire: Including the towns of Concord, Exeter, and HamptonUnitil.
Stock Market Information and Future Trends
Unitil is publicly traded under the ticker UTL on the New York Stock Exchange (NYSE). The company has been focusing on infrastructure investment and energy efficiency initiatives, which may influence future rate adjustments. As of recent reports, market analysts predict slight increases in rates due to rising natural gas prices and regulatory changes
.
Future Rate Projections
Looking ahead, Unitil is expected to adjust rates as energy demand grows, particularly in the winter months when heating needs spike. Rate adjustments in early 2025 are projected to remain competitive but will likely rise in response to higher fuel costs
.
Group Energy Contact Information
For businesses looking to manage their commercial energy rates, Group Energy offers consultation services.
- Phone: 402-431-2646
- Website: GroupEnergy.org
- Email: support@groupenergy.org