Eversource projecting 1.4% increase in electric bills
May 09. 2017 10:52PM
MANCHESTER — Eversource is projecting residential electricity bills will increase 1.4 percent starting July 1.
The state’s largest electric utility filed a price forecast Tuesday anticipating the energy service charge part of the bill will rise 3.8 percent.
Spokesman Kaitlyn Woods said customers’ overall bills are predicted to rise 1.4 percent thanks to other lower costs.
A typical household, using 600 kilowatts a month, would pay $123.88 a month starting July 1 compared to the current $122.15 a month.
The energy service charge makes up 56 percent of a customer’s total bill and is forecast to rise to 11.60 cents per kilowatt hour, she said.
“We’re recovering costs associated with our energy charge only from customers who are actually purchasing energy from us,” Woods said. “We’re expecting to deliver more power from independent energy suppliers in April through December of 2017 than we had originally forecasted in December of 2016.”
That led to a higher projected energy service charge for Eversource’s customers, Woods said.
Eversource’s rate forecast will be updated in a June filing with the New Hampshire Public Utilities Commission. The Eversource energy service charge rate is calculated yearly and adjusted every six months based on the company’s actual cost to produce and buy energy it needs for customers.
For Unitil customers, the energy supply rate for June 1 through Nov. 30 will be 7.88 cents per kilowatt hour, a 2.3 percent increase, according to Unitil spokesman Alec O’Meara.
The current monthly Unitil bill at 600 kilowatt hours is $99.20 and will rise to $100.38 as of June 1, a 1.2 percent increase.
For the New Hampshire Electric Cooperative, customer bills on or after May 1 will decrease nearly 2 percent. The monthly bill for 600 kilowatt hours will drop from $88.80 to $87.60. The coop’s energy charge dropped about 2 percent to 7.466 cents per kilowatt hour, according to spokesman Seth Wheeler.