As of August 1, 2023, residents of New Hampshire are facing higher electric bills due to various factors, including increased energy usage and changes in supply rates. The average residential customer using 600 kilowatt-hours (kWh) per month will see an increase of approximately $13.61 compared to their July bill, primarily driven by adjustments to the supply portion of their electric charges.
The cost of electricity purchased on the regional wholesale market has risen, impacting the supply rate set by Eversource, which now stands at 11.2 cents per kWh. This figure represents the highest supply rate in recent memory, reflecting broader market conditions affecting all suppliers in the area. It is noteworthy that nearly half of Eversource’s New Hampshire customers are not directly affected by this increase, as they either participate in community power programs or choose alternative third-party suppliers.
Rate Changes and Customer Impact
In addition to the supply rate adjustments, the New Hampshire Public Utilities Commission (PUC) has implemented changes to the delivery side of bills following a comprehensive review process. For customers using 600 kWh, this will result in an additional monthly increase of $4.84. Despite these increases, New Hampshire’s distribution costs remain competitive nationally, placing the state in the middle tier while maintaining high service reliability.
There is also a minor annual adjustment, which adds 46 cents to the bills. These cumulative changes in rates have sparked concern among residents, particularly as summer months generally see increased energy consumption due to air conditioning and other cooling methods.
Ways to Mitigate Bill Increases
In light of these rising costs, Eversource is actively encouraging customers to explore their options for energy supply. The New Hampshire Department of Energy provides resources detailing current offers from various suppliers, which can help customers make informed decisions regarding their energy sources.
Moreover, Eversource promotes its NHSaves® energy efficiency programs. On average, New Hampshire customers consume approximately 20% more electricity during the summer months, making energy efficiency measures particularly impactful in reducing overall bills.
For those experiencing financial difficulties in managing their electric payments, Eversource offers several assistance programs and flexible payment plans designed to ease the burden. The company has been hosting a series of in-person events throughout the state, aiming to connect customers with essential resources and support while providing information on how to better manage their energy costs.
Residents can find details about upcoming free bill help events and resources for managing summer electricity usage by visiting Eversource’s website. The company is committed to ensuring its customers are informed and supported, emphasizing the importance of maintaining comfort in their homes during this challenging period.
By taking proactive steps and utilizing available resources, New Hampshire residents can navigate the rising costs of electricity and maintain control over their energy expenses.
