Small Customer Default Service Rate Increasing 32% At New Hampshire Utility

The New Hampshire PUC approved new default service (energy service) rates at Liberty Utilities (Granite State Electric) for the period February 1, 2022 through July 31, 2022

All rates in this story are total, all-in rates reflecting the base energy supply rate, the RPS adder, the Energy Service Reconciliation Adjustment Factor, and the Energy Service Cost Reclassification Adjustment Factor

For the Small Customer Group, which includes residential customers, the default service rate will increase 32% to 11.119 cents per kWh for the six-month period beginning February 1, 2022, from the current rate of 8.396 cents per kWh

The Liberty Utilities total default service rates for the period of February 1 to July 31, 2022, for the Large Customer Group are as follows (cents per kWh):

February     20.258
March        13.422
April         8.985
May           7.084
June          7.443
July          8.324

On December 14, Liberty Utilities entered into a wholesale Transaction Confirmation with NextEra Energy Marketing, LLC (NextEra), the winning bidder to provide energy to the Small Customer Group for the six-month period February 1, 2022, through July 31, 2022.

On December 15, 2021, Liberty Utilities entered into a wholesale Transaction Confirmation with Dynegy Marketing and Trade, LLC (Dynegy), the winning bidder to provide energy to the Large Customer Group for the six-month period February 1, 2022, through July 31, 2022. The solicitation for the Large Customer Group consisted of two separate tranches of three months each (February to April, 2022 and May to July, 2022), and the same bidder won both tranches