Rising Electricity Costs in New Hampshire
A Note From Al Lake
If you are an Eversource customer, on August 1st your electricity costs could be going up significantly.
If you look at your current Eversource bill, you will see the current cost for electricity is broken into 2 parts. The first part is the SUPPLY cost and the second is the DELIVERY cost. It is the SUPPLY cost that will more than double on August 1, 2022.
Eversource no longer makes (generates) electricity. Eversource buys electricity on the open market and passes the cost onto its customers. In New Hampshire we have the option to purchase the electricity we use from any State approved supplier. It is easy to change the company from which we purchase electricity. Eversource still remains responsible for delivering the electricity to your house and they are still the people to contact if you have any power outages or billing issues.
Why would I want to change my electricity supplier? The BIG reason is COST. On August 1,
2022, the SUPPLY cost will go up from 10.7 Cents/Kilowatt to 22.6 Cents/Kilowatt. That is an increase of 111%. Yes, your SUPPLY costs will more than double.
WHY are supply costs going up so drastically? New England depends on natural gas to both generate electricity and heat homes and businesses, and increasing prices are driving up costs for both. Eversource buys electricity on the open market and sending the increase directly to its customers.
There is something you can do to positively impact your costs, as long as you act before August 1, 2022. The simple solution is to change the company that supplies your electricity to your house. Remember, Eversource will still be the company that gets the electricity to your house and will still be your contact if you have any problems.
Let me use my situation as an example:
My Eversource electricity bill for last month was $172.82.
The Supply portion was $80.57
The Delivery portion was $92.25.
If I use the same number of kilowatts of electricity in August and stayed with Eversource for my SUPPLIER, my supply portion of my bill would increase to $170.00 (that is the 111% increase mentioned above). The delivery portion would stay at $92.25. My total bill in August would now be $262.25!
This massive increase does not have to happen if you are willing to change your Supplier of electricity. Fortunately, I changed my supplier a long-time ago and have a fixed supplier rate for the next 30 months. Because of my supplier change, my August bill will remain at $172.82 based on using the same number of kilowatts.
The Church too has been using this alternate to Eversource for its electricity supplier for a number of years. Several members have also changed and are currently buying electricity from other suppliers.
If you have any questions, please feel free to contact me directly. I will even help you change over if you need help! Presently, there are referral bonuses that could benefit both you and the Church.
Al Lake 603-571-3434 or see me at Church on Sunday