Concord’s town-owned utility is about to make customers pay for a five-year accounting error through higher monthly electric bills.
According to The Concord Bridge, that recovery starts with October bills: the average household will see roughly $6.74 added each month for the next five years while Concord Municipal Light Plant makes up $6.6 million in revenue it failed to collect.
Here’s what to know
After an audit concluded residents had been underbilled for years, the Light Board approved an added charge at its Sept. 23 meeting. The rate is $0.00728 per kilowatt-hour, or about $400 over five years for a home with average electricity use.
New accountants reviewing CMLP’s 2025 financial statements uncovered the problem. In a memo to the Light Board, director Jason Bulger said the utility’s power cost adjustment formula omitted “line loss,” meaning electricity that is lost as it moves through lines and transformers…