PSNH Energy Rates Dropped on January 1
PSNH’s Energy Service customers will see an adjustment on their next monthly electric bill, as a result of a rate reduction that took effect on the first of the year.
The primary reason for the adjustment is a reduction in the company’s Energy Service rate, from 8.89 cents per kilowatt hour to 8.31 cents/kWh, as a result of lower energy market prices and a forecasted reduction in ongoing operating costs at PSNH’s power-generating facilities. As a result, residential customers consuming 500 kilowatt hours of Energy Service from PSNH will see a reduction of about two-and-a-half percent in their monthly bill.
PSNH’s Energy Service rate is adjusted by state regulators at least annually, to reflect the company’s actual cost of producing or purchasing energy for its customers. Another adjustment may be made as early as March 1, as the NH Public Utilities Commission (NHPUC) is expected to rule on the recovery of costs associated with the State-mandated mercury reduction “Scrubber” system at Merrimack Station.
A copy of the Order regarding the Energy Service rates adjustment is available on the NHPUC website.