PUC Approves 22¢ Default Service Rate For Residential, Small Commercial Customers (112% Increase)

The New Hampshire PUC approved a new energy service (default service) rate of 22.566 cents per kWh for the small customer group (residential and small C&I customers) at Public Service of New Hampshire (PSNH or Eversource), for the six-month period starting Aug. 1, 2022

The small customer default service rate for the six-month period starting Aug. 1, 2022 reflects a 112% increase versus the current rate of 10.669 cents per kWh

Monthly default services rates for the Large Customer Group are as follows: August 2022, 22.423 cents per kWh; September 2022, 19.322 cents per kWh; October 2022, 17.523 cents per kWh; November 2022, 24.575 cents per kWh; December 2022, 41.884 cents per kWh; January 2023, 48.550 cents per kWh

The PUC noted that, as first reported by EnergyChoiceMatters.com, it recently held that an investigatory docket shall be opened for a, "statewide review of electric distribution company default service procurement practices[.]"

Such docket shall, "investigate procurement practices to provide a forum to challenge assumptions and evaluate potential improvements to existing processes," the PUC reiterated

The PUC previously said that the default service procurement investigation will specifically include a review of, "timing, duration, cost averaging, and best practices from other states."