NHEC Board approves decreased rates

PLYMOUTH — The New Hampshire Electric Cooperative Board of Directors this week approved rates that, combined with NHEC’s strategy and flexibility in purchasing power, will result in an overall bill decrease for most members beginning Feb. 1.

“We’re focused on keeping electric rates affordable for all of our members. Over the past year we have been able to steadily decrease members’ electric bills and we’re pleased to be able to continue that trend,” said Alyssa Clemsen Roberts, president and CEO of NHEC.

The co-op power rate, which reflects the actual cost of power that NHEC purchases for use by its members is decreasing by 11 percent ($0.01264 per kilowatt hour) and will be in effect through July 31, 2024.

The board approved the staff recommended increases in the Member Service Charge of 4.9 percent ($1.63 per month) and the Distribution kilowatt per hour (kWh) charge of 6.8 percent ($0.00274 per kWh) for most members. This will result in about a 2.3 percent increase ($3 increase per month) beginning in members’ January bills. However, the approved rate reduction will more than offset this increase, resulting in a $6 per month decrease in the overall bill for a typical member starting in February.

For more information about NHEC’s rates, including a current schedule of rates, visit nhec.com/rates-tariffs/.