Quote:
Originally Posted by TheProfessor
"At its September 29 meeting, the NHEC Board of Directors approved increases effective with bills rendered November 1st for the Co-op Power and Regional Access Charge portions of members’ bills. As a result, the typical residential member using 500 kilowatt-hours (kWh) per month will see an overall bill increase of 18%, or $16.30 per month for the winter period, which ends April 30, 2016."
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Quote:
Originally Posted by BroadHopper
[Eversource] AKA PSNH actually lower their rates. Oil and natural gas prices are down.
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Quote:
Originally Posted by AB_Monterey
NHEC is ridiculous.
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TheProfessor's information is correct, but it doesn't appear that BroadHopper's statement is accurate.
According to Eversource's (formerly PSNH) website, the company is forecasting that its rate will
rise from $.0898/kWh at present to $.1039/kWh (+15.7%) for the upcoming winter season.
Both Eversource and NHEC state on their respective websites that more than 50% of the electrical power generated in New England uses natural gas. And both company's websites state that although the wellhead price of natural gas is currently low, the lack of adequate pipeline capacity into New England will cause delivered natural gas prices to rise significantly during the winter months due to demand exceeding supply capacity.
Unless I am missing something,
both companies are forecasting somewhat lower overall monthly electrical bills this winter than last winter, but at higher /kWh rates than at present. In fact, NHEC is forecasting that the typical residential customer will see their monthly bills fall by 4.5% below last winter, while Eversource is forecasting that its customers will see a 1.7% monthly reduction from last winter.
It's true that NHEC is forecasting higher /kWh rates for the upcoming winter than is Eversource, but (based on the company's own websites), NHEC's current power rate is $.0870 while Eversource's is $.0898.