Electric Rate Increase 18%

[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."

LINK (http://www.nhec.com/news/184)

On another note, I got to speaking with one of the employees who works at one of the local wood fired power plants. I asked him about what effect the Northern pass would have on residential electric bills. His answer was that rates would go down. But also stated the lowering of rates his wood firing power plant would close as the rates would be too low for the wood fired power plant to continue to be competitive.

[BroadHopper]

AKA PSNH actually lower their rates. Oil and natural gas prices are down.

[AB_Monterey]

NHEC is ridiculous.

[bigdog]

I changed electric 'Supplier' a while back to the following:

North American Power and Gas, LLC
Phone: 888-313-9086
Phone: 203-663-9757
Website: www.napower.com

Lowered my rate considerable.

Eversource (AKA PSN), is the electric 'provider', and not the 'supplier', there is a difference !

[Merrymeeting]

I changed electric 'Supplier' a while back to the following:

North American Power and Gas, LLC
Phone: 888-313-9086
Phone: 203-663-9757
Website: www.napower.com

Lowered my rate considerable.

Eversource (AKA PSN), is the electric 'provider', and not the 'supplier', there is a difference !

Wait until your first year is over. Then the NA Power bait and switch kicks in and your bill will be much higher

[DRH]

"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."

[Eversource] AKA PSNH actually lower their rates. Oil and natural gas prices are down.

NHEC is ridiculous.

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.

[noreast]

My home in Litchfield is in the path of the Kinder Morgan pipeline, We may be the only one forced to relocate. We need as many pipelines as we can get. unfortunately NH will not benefit from this one at all. supposedly wood will be high because of Cali. Are they assuming we will have a warmer winter? God I hope so.

[brk-lnt]

Wait until your first year is over. Then the NA Power bait and switch kicks in and your bill will be much higher

Yup, been there. Not to mention the savings is only on the generation, not the distribution and it really doesn't add up to all that much.

[tis]

My home in Litchfield is in the path of the Kinder Morgan pipeline, We may be the only one forced to relocate. We need as many pipelines as we can get. unfortunately NH will not benefit from this one at all. supposedly wood will be high because of Cali. Are they assuming we will have a warmer winter? God I hope so.

Oh no! I feel so sorry for you!!! Are they offering you are fair price for your property? That concerns me.

[tummyman]

Buried in the rates will be the costs for removing all the trees and branches by a most INEFFICIENT fleet of tree contractors.

[songkrai]

My home in Litchfield is in the path of the Kinder Morgan pipeline, We may be the only one forced to relocate. We need as many pipelines as we can get. unfortunately NH will not benefit from this one at all. supposedly wood will be high because of Cali. Are they assuming we will have a warmer winter? God I hope so.

Take the money and run. Hire an appraiser and take top dollar.
Then get a nice new house built. Wish they would run the pipeline through my property/home.

[tis]

Take the money and run. Hire an appraiser and take top dollar.
Then get a nice new house built. Wish they would run the pipeline through my property/home.

You make it sound so easy.. If only it worked that way!!

[noreast]

Were really not sure yet how it's going to shake out. We may be left with a property with out trees and unable to add structures or additions. In other words, very hard to sell. The compensation may not be enough for me to want the house after that. Also we have a small culdesac community who are all very close. Just attended a neighbors daughters wedding last night, My wife never wants to move, All of our children have grown up together so it's not as easy as it sounds. My youngest has 2 more years at high school, so hopefully we won't have to do anything before that. I joined this forum because I've been trying to convince my wife to buy a 2nd (or 1st now) home up there instead of the Maine cost. We have many friends and family on the lake, some of whom we live there more than they do. we spend much time at Winni. Even if the house is taken, fair market value is what we've been told to expect, so there is no good deal. I haven't spoken to a lawyer yet, but I believe the route will be approved. We'll see. Sorry to take thread off topic, I'll open another thread in the future. Thanks all.

[tis]

Sorry to continue to take this off topic also but want to wish you good luck. Having gone through this ourselves it is a miserable process, in our case we were not offered even close to what our property was worth. The whole appeal process is awful. Fortunately the town voted down the deal so we were saved anyway with going through the whole appeal process. But it still costs us a lot of money.
PM me if you want to know more.

And now back to NHEC rates. The company who charges $20 before you even buy any electricity.

[bigdog]

Question, and not to get off track.....

Is there any charges built into NHEC rates to provide services to folks in outlining areas where
service is limited or hard to reach ? I think those charges were buried into the Federal taxes somewhere ?

I seem to remember this was the case with Telephone company, burying charges into the Federal taxes, for this same purpose?

Just curious.....

[wifi]

I was looking into building a house about a half a mile from a NHEC pole. They wanted $30/FOOT plus an easement.... no thanks.

[Orion]

According to Eversource's (formerly PSNH) website, the company is forecasting that its rate will rise from $8.98/kWh at present to $10.39/kWh (+15.7%) for the upcoming winter season..........

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 $8.70 while Eversource's is $8.98.
:eek:

Methinks you have a decimal error. My last NHEC bill had $0.12977/kWh (13 cents) plus a monthly flat member service charge of $27.82

[DRH]

:eek:

Methinks you have a decimal error. My last NHEC bill had $0.12977/kWh (13 cents) plus a monthly flat member service charge of $27.82Orion - you are absolutely correct. I just edited my original post to fix the error. Thanks for picking that up.