MANCHESTER — Most customers of Public Service of New Hampshire (PSNH) will see a net decrease in their electric bills beginning July 1st following a series of rate adjustments ordered this week by state regulators. As a result, PSNH Energy Service Residential customers using 500 kilowatt hours (kWh) of electricity per month will see a three percent decrease in their monthly bills beginning July 1st.
PSNH’s Energy Service rate will drop to 7.11 cents per kWh, from 8.75 cents per kWh, a decrease of more than 18 percent. State regulators adjust PSNH’s Energy Service rate at least annually, to reflect the company’s actual cost of producing or purchasing energy for its customers. The primary reason for the decrease in PSNH’s Energy Service rate is low energy market prices and a forecast reduction in ongoing operating costs at PSNH’s power generating facilities. Customers purchasing energy from a supplier other than PSNH will not be impacted by the Energy Service rate decrease and will continue to pay their supplier rate.