NorthWestern Energy customers in Montana will be seeing a pleasant surprise on their next bill this month, as the company announced a decrease in rates for electric and natural gas services. The rate reduction, which takes effect beginning in September, is the result of lower energy supply costs and a change in the company’s electricity portfolio mix.
According to NorthWestern Energy, the rate decrease will amount to an average savings of $6.56 per month for residential customers using both electric and natural gas services. This reduction marks a turnaround from previous years, when the company had been raising rates to cover costs associated with infrastructure upgrades and other investments.
The decrease in rates comes as welcome news to customers who have been affected by the economic challenges brought on by the COVID-19 pandemic. Many households have been struggling to make ends meet, and any savings on utility bills can provide much-needed relief.
NorthWestern Energy noted that the decrease in rates is a result of various factors, including lower fuel costs and changes in the company’s energy procurement strategy. By adjusting its electricity portfolio mix, the company has been able to secure more cost-effective energy sources, which has contributed to the rate decrease.
Overall, the rate reduction is a positive development for NorthWestern Energy customers in Montana, who will now have a little extra money in their pockets each month. As the company continues to prioritize affordable and reliable energy services, customers can look forward to potential savings in the future as well.
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