What is Happening?
In New Hampshire, the energy supply price – or default energy service rate – for Eversource customers changes twice a year on Feb. 1 and Aug 1.
Unlike previous summers when supply rates typically decrease, this year, customers that receive their energy supply from us will see an unprecedented increase in the supply portion of their bill.
On August 1, the default service rate will change from 10.669 cents per kilowatt hour to 22.566 cents per kilowatt hour.
How Much Will Your Bill Increase?
With this adjustment to the default energy service rate, on average, an Eversource residential electric customer in New Hampshire who uses 600 kilowatt hours of power each month will see a total bill increase of approximately $67.63 or 50% per month.
How much a customer pays will depend on how much energy is used, their rate category, and weather conditions.
During hot summer weather, New Hampshire residential customers also use, on average, about 25% more energy to run air conditioners to stay cool, which can also drive bills higher.
Why is the Supply Rate Rising So Significantly?
This significant increase is due to the record-high natural gas prices and the energy supply pressures from the global economy. The New England region is particularly affected by energy supply volatility because natural gas is the primary fuel for generating electricity in the region.
Eversource does not earn a profit on the cost of electricity – we charge customers what we pay generators for producing the power.
You can learn more about energy supply and the components of your bill.
Is the State of New Hampshire Providing a Bill Credit to Customers?
Today's higher energy prices, driven by factors beyond the State of NH and Eversource’s control, create challenges for all customers. The State of New Hampshire is exploring a number of initiatives that would provide some financial assistance to New Hampshire consumers this fall and winter. These initiatives require approval by the NH Legislature, and one initiative being considered is a credit on residential customer electric bills. Eversource is working closely with regulators and state officials on how we can assist with these efforts.
What You Can Do
We encourage customers to carefully manage their energy use this summer. We have immediate actions you can take to save money and energy, and assistance programs and payment plans if you need help with your bill.
You also can compare energy prices and purchase your energy supply from a registered competitive energy supplier.