New Hampshire (Eversource) Customers To Pay More For Electricity
New Hampshire households and businesses served by the utility company Eversource will pay more for electricity from August, as the New Hampshire PUC approved a new default service tariff for the period August 1, 2021, through January 31, 2022.
What is the proposed increase?
For Eversource residential and small commercial customers, this means a 33% increase, from the current rate of 6.63¢ per kWh to a new rate of 8.83¢ per kWh.
For a household or a small business with an average electric usage of 1000 kilowatt-hours per month, this represents a $22 bump on the monthly utility bill.
Eversource is New Hampshire’s largest electric utility, transmitting and delivering electricity to more than 500,000 homes and businesses in 211 cities and towns. Eversource is also a publicly traded, Fortune 500 energy company headquartered in Hartford, Connecticut.
Electric rate increases are a standard procedure for state utility companies. Utilities ask the state public utilities commissions (PUC) to charge customers more for electricity, to account for inflation, and various infrastructure investments and projects that are passed down to customers. The New Hampshire PUC last approved an increase in Eversource’s rates on January 2021.
In New Hampshire, consumers can choose who supplies their electricity, thanks to the deregulation of the energy industry. Customers hoping to avoid the coming increases in the electricity rates have an opportunity to switch suppliers before the new rates come into effect.