New Hampshire Electricity Rates: Compare Prices Fast
New Hampshire is part of the New England area, along with Massachusetts, Connecticut, and Maine, with a population of 1.4 million. The Granite State has harsh winters, making electricity demand high during the winter season. Due to energy regulation in the state, all residents can choose among various energy plans by different energy suppliers. New Hampshire residents can save on energy by comparing New Hampshire electricity prices to find the best electricity plan for them.
General Information on New Hampshire Electricity Rates
According to the US Energy Information Administration (EIA), New Hampshire electricity is primarily produced using nuclear power, oil, coal, and natural gas. However, some energy suppliers are starting to use renewable energy. Green energy plans don’t have a carbon footprint but tend to have a higher per kilowatt-hour (kWh) rate.
For all New Hampshire residents, your electricity bill is divided into two categories – supply and delivery services.
The supplier services include electricity generation. Their electric rates depend on the cost of generation, and that depends on how the electricity is produced. Some of the energy suppliers include Direct Energy and ENH Power, among others.
Each electric supplier offers different energy plans and rates; the supply charges (Energy Charge) include the price per kilowatt-hour, cancellation fees, and early termination fees, among other things.
The electric utility company provides electricity delivery services. Your local utility company delivers your electricity, manages power lines, and handles power outages.
Your delivery services charges include the Delivery Charge, Customer Charge, the Stranded Cost Recovery Charge, and the System Benefits Charge.
Four electric utility companies are operating in New Hampshire, including Eversource Energy, Liberty Utilities, Unitil Energy Systems, and New Hampshire Electric Cooperative.
You can learn more about New Hampshire electricity rates and tariffs here.
Energy Deregulation and How It Affects New Hampshire Electricity Rates
Energy deregulation in New Hampshire allows all residents to choose who supplies their electricity. Energy Choice lets you choose among various energy providers that offer different electric plans and rates.
While the New Hampshire energy market is not as widespread, it still offers great alternatives. Electricity prices are above the national average, but lower compared to regulated prices. Residents can also opt for green energy plans from electric suppliers that have started producing renewable energy.
If you don’t choose an energy supplier, you will receive your local utility company’s standard offer. The default rate of the standard offer is also your Price to Compare, and you can use it to compare the plans and rates offered by other companies.
The default rate is approved and regulated by the New Hampshire Public Utilities Commission (NHPUC). As a result, it’s much higher compared to the rates offered by other suppliers.
Finding the Best New Hampshire Electricity Rates
All New Hampshire residents can choose among different energy suppliers to choose the best plan for them. Some electric providers offer low rates, while others offer benefits at slightly higher energy rates.
In all cases, you can compare each company’s energy plans and prices to make an informed decision. You can search and try to shop for rates yourself, but watch out for the fine print, hidden fees, and escalating rates once your term ends.
Alternatively, you can use Arbor’s free TrueRate Protection service to automatically find and switch to the best New Hampshire electricity rates in your area.
Arbor scans the market and gives you the best rates you can get in your service area. When your contract term is expiring, Arbor finds the best rate and switches you again. You always pay the best rate and never have to worry about overpaying for electricity ever again.
You can also use the free savings calculator to find out how much you could save in each case.
Understanding New Hampshire Electricity Rates and Plans
Every electric company offers different plans with varying energy rates and plan lengths. Some offer benefits, such as rewards programs, guaranteed savings, and point-earning systems, among other things.
Changing your energy supplier is relatively easy – you can use a copy of your electric bill to check who provides energy services and at what rate. You can use Arbor to find the best rate in your area and switch to the lowest cost supplier quickly to save time.
You can use Arbor to find the best rate in your area by using our free savings calculator.
Furthermore, you will find different types of plans depending on the companies. These are the three plan options you’ll find in New Hampshire.
- Fixed-Rate Plans: Fixed-rate plans let you pay the same rate throughout the duration of your plan; it helps avoid any seasonal fluctuations in energy prices. We recommend fixed-rate plans because they provide price certainty and minimize risk. But be careful: when your term expires, your rate becomes variable and can go up without notice. Arbor automatically keeps you on the best fixed-rate plan, so you don’t have to worry about rate hikes at the end of your term.
- Variable-Rate Plans: Variable rates are beneficial when demand is low as you end up paying a low rate for your electricity. However, you will also end up paying a higher rate when demand is high.
- Green Energy Plans: All New Hampshire residents, including residential customers, business owners, and industries, can opt for green energy plans to reduce their carbon footprint. The majority of green energy plans use wind power. You can also buy Renewable Energy Certificates (RECs) if you want part of your electricity usage to be from renewable sources.
Some plans may ask you for a deposit. However, plans available through Arbor never require a deposit.
How to Choose the Right Energy Supplier
All New Hampshire residents get energy delivery services from their local utility company; however, they can choose their energy supplier. You can use the Price to Compare or your current rate to check what plans work best for you.
You should also check what energy plans offer the best savings and benefits.
You can also check out how you can save on your energy bill with your local electric utility. But electricity is complicated, which is why people trust Arbor to manage their electricity service for them, so they always pay the best electricity rate available in New Hampshire.