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The organization lost $8.4 million between August and January, forcing them to dip into financial reserves. Now, the coalition, the state’s second-largest electricity supplier, has higher rates than New Hampshire’s other utility companies.
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The proposal illustrates two new dynamics in New Hampshire’s energy world: the rise of community power and the uncertainty of electricity prices.
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The state’s consumer advocate says the new system could bring more price volatility and risk for customers.
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Critics say the proposed rules could make utility regulation less transparent and participatory.
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Through their community power programs, cities and towns are asking residents to choose electric rates that support higher percentages of renewable energy.
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Algunos clientes de servicios públicos vendrán un aumento, mientras otros un descenso. La tasa de suministro de electricidad cambia dos veces al año, en agosto y febrero.
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Some utility customers will see an increase, while others will see a decrease. The supply rate for electricity changes twice a year, in August and February.
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The plan doesn’t change much about current offerings through NH Saves. But it does include a new program specifically for municipalities, and opens up a pilot program for demand response to all customers.
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The new prices will go into effect starting in August, through the end of January 2024.
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Community power allows municipalities to buy electricity for their residents instead of traditional utility companies.