PSNH Residential Electric Rates Increases by 20%
New power rates will apply for customers of Public Service Company of New Hampshire (PSNH or Eversource) starting February 1, 2022, and covering a 6-month period. That’s as the New Hampshire PUC approved the new energy service (default service) rates.
The Small Customer Group, including residential customers, can expect a 20% hike in the PSNH all-in default service rate. From February 1, 2022, to July 31, 2022, the current 8.826 cents per kWh will rise to 10.669 cents per kWh.
Several components comprise the 10.669 cents per kWh rate. These include the weighted average cost of competitively bought electric energy suppliers, a 0.794 cents per kWh fee for meeting New Hampshire’s renewable portfolio requirement, a 0.063 cents per kWh charge for Eversource’s administrative and general expenses, plus various rate adjustment factors.