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New Hampshire Electric Rate Changes
Adjustments to the Default Service supply rate and distribution rates went into effect August 1, 2024.
Below is a breakdown of all the rate adjustments that took effect August 1, which have been reviewed and approved by the New Hampshire Public Utilities Commission (PUC).
Default Service Supply Rate
G and G-OTOD (Small Business)
Small business customers saw an increase in the energy supply price, also known as Default Service, from 8.285 cents per kilowatt-hour (kWh) to 10.403 cents per kWh. That’s a total rate impact of about 26%.
This rate is primarily increasing due to the changing cost of natural gas. The region relies on natural gas to produce electricity.
The Default Service supply rate changes twice a year – February 1 and August 1. Due to that timing, the August 1 rate includes winter months when natural gas prices are typically higher.
We purchase power on behalf of our customers and only charge them what we pay generators for producing the power. We do not earn a profit on the cost of electricity.
New Hampshire customers have the option to obtain energy supply from a competitive supplier licensed by the PUC. If your business is in a city or town with community power programs but are not currently enrolled in the program, make sure you review your options and choose the one that works best for you.
GV and LG (Commercial and Industrial Customers)
Large commercial and industrial customers combined, on average saw a 7.9% decrease in the energy supply price, also known as Default Service, from the previous six-month period (Feb. 1, 2024 through July. 31, 2024) average of $0.11630 to the current six-month period (Aug. 1, 2024 through Jan. 31, 2025) average of $0.10711.
The Default Service supply rate changes twice a year – February 1 and August 1. Due to that timing, the August 1 rate includes winter months when natural gas prices are typically higher.
We purchase power on behalf of our customers and only charge them what we pay generators for producing the power. We do not earn a profit on the cost of electricity.
New Hampshire customers have the option to obtain energy supply from a competitive supplier licensed by the PUC.
Regulatory Reconciliation Adjustment (RRA)
This rate is adjusted annually to account for under- or over-recovery of costs.
G and G-OTOD (Small Business)
Small business customers will see a decrease of about 29 cents. This is within the delivery portion of the electric bill.
GV (Commercial and Industrial)
GV commercial and industrial customers will see a decrease of about 12 cents. This is within the delivery portion of the electric bill.
LG (Commercial and Industrial)
LG commercial and industrial customers will see a decrease of about 10 cents. This is within the delivery portion of the electric bill.
Base Distribution Rate Review
We recently filed a base distribution rate change request. The PUC has reviewed and approved a temporary rate adjustment starting August 1, while the Commission reviews our rate request.
G and G-OTOD (Small Business)
An average small business electric customer saw an increase to the base distribution rate of about 4.57%. This is within the delivery portion of the electric bill.
GV (Commercial and Industrial)
An average GV commercial and industrial electric customer saw an increase to the base distribution rate of about 2.08%. This is within the delivery portion of the electric bill.
LG (Commercial and Industrial)
An average LG commercial and industrial electric customer saw an increase to the base distribution rate of about 1.62%. This is within the delivery portion of the electric bill.