Manchester, NH (May 2, 2014) –Public Service of New Hampshire today filed with state regulators its estimate of rate adjustments that may be necessary on July 1st. The company is not now requesting a change but, based primarily on volatile energy market costs, an increase of about two percent to average overall rates is anticipated.
The company is forecasting an Energy Service rate of 9.98 cents per kilowatt hour (kWh) effective July 1st, compared to its current Energy Service rate of 9.23 cents/kWh. The anticipated change in the Energy Service rate is due mainly to higher energy market prices experienced during the recent winter months, and the forecast of higher market prices for the remainder of the year. The anticipated Energy Service rate increase will be somewhat offset by an expected decrease in the company’s Stranded Cost Recovery Charge.