BOSTON — The Massachusetts Department of Public Utilities (DPU) today announced it approved reductions in electric basic service rates for Massachusetts Electric Company and Nantucket Electric Company, each d/b/a National Grid electric customers.

On average, the decreases will result in a monthly bill decrease of about 40 percent for a typical residential customer. National Grid serves approximately 1.39 million electric distribution customers.

Beginning with usage after May 1, 2023, customers on the company’s basic service rate can expect lower electric bills.