As of August 1, 2023, many residents in New Hampshire are experiencing an increase in their electricity bills due to several rate adjustments. The changes, driven by rising energy supply costs and updated distribution rates, are likely to be evident in the upcoming monthly statements for customers of Eversource, the principal electricity provider in the region.
The most significant change comes from the supply portion of the bill, which represents the cost of electricity purchased from suppliers on the regional wholesale market. This supply rate has risen to 11.2 cents per kilowatt-hour (kWh). For the average residential customer using 600 kWh per month, this translates to an increase of $13.61 compared to the previous month.
Nearly half of Eversource’s customers in New Hampshire may not see an increase in their supply rate, as many either participate in community power programs or opt for third-party suppliers. Customers can check their specific supplier information directly on their monthly bills.
Distribution Rate Adjustments Impact Customers
Additional adjustments to the delivery side of the bill have also taken effect. Following a comprehensive review process by the New Hampshire Public Utilities Commission (PUC), a $4.84 increase has been implemented for those using 600 kWh monthly. Despite this rise, Eversource’s distribution costs remain competitive nationally, positioned in the middle tier while maintaining a strong service reliability record.
Another minor adjustment has introduced a 46-cent increase to a rate set to change annually, independent of the distribution rate review. While these changes may cause concern for some, Eversource emphasizes its commitment to providing reliable service even amid these adjustments.
Support for Customers Facing Increased Costs
Recognizing the financial strain that increased energy bills can impose, Eversource is actively working to support its customers during this period. The company encourages all customers—regardless of their energy supplier—to explore their options for energy supply. The New Hampshire Department of Energy offers a list of current supplier offers and enrollment links for those interested.
Moreover, the award-winning NHSaves® energy efficiency programs are available to help customers reduce their energy consumption. As energy usage typically rises by approximately 20% during the summer months, implementing energy efficiency measures can lead to significant savings.
For those experiencing difficulty in managing their electric bills, Eversource provides assistance programs and flexible payment plans tailored to ease financial burdens. The company has also organized a series of in-person events across New Hampshire to inform customers about available support programs and energy efficiency strategies.
To find a list of upcoming assistance events or to access resources on managing summer electricity usage, customers can visit Eversource.com. The company is committed to ensuring that all customers can find solutions that keep their energy costs manageable while maintaining comfort in their homes.