Q:

How are electric rates calculated in New Hampshire?

A:

Quick Answer

Electricity rates in New Hampshire are calculated in cost per kilowatt-hour. As of 2015, the average residential electricity rate in New Hampshire is 16.07 cents per kilowatt-hour, but commercial and industrial rates are less expensive than residential rates. Rates have been known to spike seasonally.

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Full Answer

As of 2015, overall average electricity rates in New Hampshire run 13.36 cents per kilowatt-hour, with industrial rates at 11.83 cents per kilowatt-hour. Average electricity rates in New Hampshire are higher than the national average, which is 11.88 cents per kilowatt-hour for residential usage, 10.09 cents per kilowatt-hour for commercial usage and 6.67 cents per kilowatt-hour for industrial usage.

However, the average monthly electricity bill in New Hampshire is below the national average because electricity consumption is considerably less than the national average. New Hampshire ranks 45th in residential, 50th in commercial and 44th in industrial electricity consumption.

Electricity rates are seasonal and volatile in New Hampshire. In November 2014, some companies nearly doubled their rates. A combination of low winter temperatures, high demand for natural gas and limited natural gas pipeline infrastructure led to volatile electricity rates. In contrast, Vermont's reliance on hydropower makes electricity rates less vulnerable to changes in natural gas pricing.

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