In New Default Service Rates, Prior Reconciliations Still Lead To Nearly 1¢/kWh Reduction In Default Service Rates At Utility

Liberty Utilities (Granite State Electric) has filed with the New Hampshire PUC proposed default service (energy service) electric rates for the period August 1, 2019, through January 31, 2020

For the Small Customer Group, the all-in default service rate for the period of August 1, 2019, through January 31, 2020, is $0.07710 per kWh, or 7% lower than the current rate of $0.08299. The Small Customer Group includes customers taking service under Domestic Service Rate D; Domestic Service - Optional Peak Load Pricing Rate D-10; Outdoor Lighting Service Rate M; Limited Total Electrical Living Rate T; General Service Rate G-3; and Limited Commercial Space Heating Rate V

All rates in this story are all-in rates reflecting the RPS adder, reconciliation, and the Energy Service Cost Reclassification Adjustment

The monthly default service rates for the period of August 1, 2019, through January 31, 2020, for the Large Customer Group are below. The Large Customer Group includes customers taking service under General Long-Hour Service Rate G-2 and General Service Time-Of-Use Rate G-1

Large Customer Group Default Service ($/kWh)
August 2019       $0.05959
September 2019    $0.05880
October 2019      $0.05905
November 2019     $0.06951
December 2019     $0.09042
January 2020      $0.10663

Notably, all of the rates above reflect an Energy Service Adjustment Factor (ESAF, or reconciliation) of ($0.00822)/kWh, to be effective August 1, 2019.

This reflects a continued trend of credits due to reconciliations approaching 1 cent per kWh. For the current period of February - July, the Energy Service Reconciliation Adjustment Factor is ($0.00970)/kWh, which was also in place for the period August 2018 to January 2019.

NextEra Energy Marketing, LLC was the winning bidder to provide default service to the Small Customer Group for the six-month period August 1, 2019, through January 31, 2020

Calpine Energy Services, L.P was the winning bidder to provide default service to the Large Customer Group for the six-month period August 1, 2019, through January 31, 2020.