These energy suppliers say they can save you money. Regulators say it’s a scam.

Boston Globe

Data collected by the Massachusetts attorney general’s office shows that between 2015 and 2021, residents who signed up for competitive electric supply plans paid $525 million more than if they had continued buying electricity from their utility. Low-income residents were nearly twice as likely to be enrolled with competitive electric suppliers, and they consistently lost the most money. 

“This has been a 25-year experiment. It’s fair now to conclude on the basis of the evidence that [the market has] failed to produce value for large numbers of consumers,” said Senator Michael Barrett, the Democratic lawmaker who will help lead negotiations on a climate bill later this year. “At some point, you have to throw in the towel.” 

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