Marblehead Municipal Light Department
LEARN ABOUT NEW 2024 RATES
Effective January 1, 2024, MMLD customers will see annual adjustments to all metered classes of MMLD's Electric Service Rates. The rate changes are a continuation of our multi-year plan to ensure our rates accurately reflect the findings in our Cost of Service study, undertaken by Utility Financial Solutions LLC, (UFS), a highly reputable, nationally recognized firm located in Holland, Michigan.
We are making these revenue-neutral adjustments with two objectives in mind:
- (1) Ensure that all customers are billed equitably, based on the cost of the electricity they actually use, and
- (2) Increase the percent of revenue raised by our fixed monthly Base Rates, while decreasing the variable revenue raised by our variable Electric Rate (kwh usage), to more accurately reflect the mix of our fixed versus variable expenses.
UPDATED RATES WEB PAGE
To help our customers understand their 2024 rates, we've revised our Rates Page.
As always, please let us know if you have any questions by calling us at (781) 631-5600 or send us an email on our Contact Form.