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New Hampshire

July 24, 2013

Some 90K customers leave PSNH

CONCORD — The latest statistics filed with the New Hampshire Public Utilities Commission show that more than 90,000 residential electricity customers have left Public Service Co. of New Hampshire for a competitive service provider, continuing a trend that reflects the utility’s above-market costs and consumers’ opportunity to make more affordable and cleaner choices for electricity, according to EmpowerNH, a coalition of New Hampshire energy companies, businesses, trade groups, and environmental organizations.

More than 98 percent of the electricity consumed by the utility’s large commercial and industrial customers is purchased competitively, and more than half of all the electricity consumed in PSNH’s distribution service territory is supplied by a competitive retail provider.

The trend of customers choosing to purchase more economically and environmentally friendly competitive electricity supply has benefited even customers who have not switched yet, according to EmpowerNH, as PSNH recently reduced its rates in the face of continuing competitive pressures. Nevertheless, the utility’s electricity rates are on average still as much as 10 to 20 percent more costly than product offerings from competitive suppliers, Empower said.

“Consumers who elect to shop and purchase their electricity from a competitive alternative to PSNH will not only have the opportunity to save money, but they can obtain their electricity from cleaner sources,” said Jonathan Peress, vice president and director, Clean Energy and Climate Change at Conservation Law Foundation and an EmpowerNH founding member. “Shopping for competitively priced electricity is a win-win for New Hampshire’s economy and the environment.”

EmpowerNH, a coalition of New Hampshire energy companies, businesses, trade groups, and environmental organizations, advocates for the continued development of electric competition in New Hampshire and applauds state policymakers that allowed the market to develop.

EmpowerNH launched in May to educate New Hampshire residents and businesses about the choices they have in an increasingly competitive market and how to go about exercising their right to choose an electricity supplier.

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