Get ready for winter, NH: your electricity supply rates are increasing 15 – 35% from summer lows

We’re going to let you in on a little secret…

Well, not really a secret because you can tell all your friends!

We’re launching our energy shopping tool in New Hampshire in a couple weeks! You’ll soon be able to shop for both electricity and natural gas by just typing in your ZIP code.

But in the meantime, we wanted to keep you up to date on all the winter rate changes. You know us, always nerding out on the latest energy trends and New Hampshire is no different.

The bad news

While that’s all great, we have to break some bad news to you as well. As is usual per the looming winter chill, your electricity rates are on the rise.

But there’s good news

Rates typically go up in the winter and down in the summer. And even though rates are increasing from their summer lows, this year’s winter rates are lower than last year’s.

Snapshot of electricity supply rates in New Hampshire

Utility Summer Electricity Supply Rate Winter Electricity Supply Rate Change from Summer Impact on Total Bill Effective Date
Eversource 8.98 cents per kilowatt-hour 10.39 cents per kilowatt-hour + 15% + $8 Jan. 1
Unitil 6.921 cents per kilowatt-hour 9.409 cents per kilowatt-hour + 35% + $15 Dec. 1
Liberty 7 cents per kilowatt-hour 9.2 cents per kilowatt-hour + 31% + $13 Nov. 1

Note: Based on average energy consumption for New Hampshire (619 kWh). Once our shopping tool is live in NH, you’ll be able to type in your exact usage and see how much you could save per month.

So delivery service rates are up, what the heck does that mean?

The specific rate we’re talking about here is called the Energy Service Rate or Energy Charge depending on your utility.

Basically there are two main parts to your electricity bill. The first is this electricity supply portion, which is the cost to produce the electricity you are using. The second is the delivery portion, which is the cost to get your electricity from where it’s made to your home. Both rates are typically shown in a price per kilowatt-hour.

In addition to those main parts, there are also a bunch of other taxes and fees. The delivery portion and the taxes and fees are always through your utility. You don’t have much control over this part other than to decrease the amount of energy you use since they are mostly based on that number.

But you do have control over the rate you pay for the supply portion. You can either stay with your utility, or you can shop around for a competitive supplier.

Coming Soon! Compare electricity rates to avoid crazy-high bills this winter.

Well, in addition to these good tips for using less energy in general, it’s also a good idea to compare rates to see if you can get a better price on your monthly electricity bills. Watch our blog and social media in the next two weeks for our big New Hampshire launch announcement.

Looking forward to helping you shop for energy!

Photo source: Vacilando

Sources:
http://www.energychoicematters.com/stories/20151012a.html
http://nhpr.org/post/nhs-winter-electricity-rates-rise-not-last-year
http://www.eia.gov/tools/faqs/faq.cfm?id=97&t=3
https://www.eversource.com/Content/docs/default-source/rates-tariffs/2015-nh-electric-rates.pdf?sfvrsn=2
http://unitil.com/energy-for-residents/electric-information/rates
http://www.libertyutilities.com/east/electricity/about/news_03-31-15.html