CMP Standard Offer Rate to go Down in March

This is a lovely surprise. CMP customers who opt for the "standard offer" for electricity will be seeing their rates going DOWN beginning in March. The PUC, which feared rates would be going up, not down, approved bids Tuesday that will lead to a 13.4 percent drop in rates for the 10-month period from March 1 through the end of December. Credit likely goes to plummeting oil prices. The rate change applies to home and business customers who get their electricity from the standard offer, the default for those who don't want to shop for an energy supplier. (AP)