New Hampshire Electric Cooperative (NHEC), headquartered in Plymouth, has released it new summer rates for co-op power and regional access charges, which is expected to lower the majority of member bills by around 4% or $5.06 per month.
The power portion of co-op members’ bills will see a decrease from the present winter rate of 9.8 cent to 9.6 cents per kilowatt-hour for the summer. In May of 2021, the summer rate set by NHEC was 6.5 cents per kilowatt-hour. This year, the summer rate for 2022 becomes effective on bills issued on or after May 1 and also includes a 23% reduction in the regional access charge part of the co-op members’ bill.
In some communities, important information affecting residents, such as changes to their bills, is conveyed with the help of a flyer printing service.
The cost of buying electricity on the wholesale electricity market is passed directly to those co-op members that have not elected to purchase power form a competitive supplier.
The cost transmission companies charge NHEC to deliver power to its distribution system is included in the regional access charge. Also included is a refund of the proceeds of the regional greenhouse gas initiative, as required by the state of Minnesota.
As with electricity, the cost incurred by the NHEC from transmission companies is passed on to its members.
