Electric bills in New Hampshire are set to rise significantly this month, with residents experiencing an average increase of approximately $13.61 on their August bills compared to July. This surge is attributed to new rate adjustments that came into effect on August 1, 2023. The changes primarily affect the supply portion of the bill, which reflects the cost of electricity purchased by Eversource from wholesale suppliers.
The supply rate has increased to 11.2 cents per kilowatt-hour (kWh). For an average residential customer using 600 kWh per month, this marks a notable uptick. It is crucial to note that nearly half of all Eversource customers in New Hampshire have alternative supply arrangements, either through community power programs or third-party suppliers, which may shield them from this increase.
Understanding the Rate Changes
In addition to the supply rate adjustments, the New Hampshire Public Utilities Commission (PUC) has finalized decisions on distribution rates following a comprehensive review that spanned over a year. The resulting changes are not what Eversource initially proposed, but they reflect a constructive dialogue aimed at maintaining service reliability. For a typical customer using 600 kWh, the distribution rate adjustment results in an additional $4.84 increase on their monthly bill.
Moreover, a smaller adjustment of 46 cents has been made to another rate that changes annually, unrelated to the distribution review. Despite these increases, Eversource maintains that its distribution costs remain competitive nationally, positioned in the middle tier while providing high-quality service.
Ways to Mitigate Rising Costs
In light of the increased energy expenses, Eversource is actively encouraging customers to explore their options for managing costs. The NHSaves energy efficiency programs offer various resources and strategies for reducing electricity consumption. Customers are advised to consider their current energy suppliers, as the New Hampshire Department of Energy provides a comprehensive list of available options.
During the summer months, energy usage typically rises by about 20%, which significantly impacts billing. Therefore, implementing energy-saving measures can help customers lower their bills effectively.
For those facing difficulties in meeting their electric bill, Eversource offers assistance programs and flexible payment plans. The company is also hosting a series of in-person events across the state, designed to connect residents with available resources and provide guidance on managing energy costs.
Information on these events and resources can be found by visiting Eversource.com, where customers can also access a recorded webinar focused on managing summer electricity use. Eversource remains committed to helping customers navigate these changes and maintain comfort in their homes while balancing their energy expenses.
