The state’s Public Utilities Commission has approved a 47 percent rate hike for Liberty Utilities customers.
Company spokesman John Shore acknowledged the increase is significant.
“When the rates go up like this, it’s not something we like to see, obviously. Our customers don’t like to see it. But unfortunately, it’s what the market is.”
Shore says the average customer will be paying about $50 more each month.
The new rates go into effect Nov. 1 and run through April 30.
Liberty Utilities serves roughly 43,000 electric customers in New Hampshire.
In its decision, the PUC encouraged customers to find ways to lower their electricity use or to find cheaper prices with a competitor.