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New Hampshire Electricity Rates

New Hampshire Energy Rates

In 2019, the average New Hampshire electricity rate was 18.02 cents per kilowatt-hour (¢/kWh).  Currently, the lowest rate available to EnergyBot customers in New Hampshire is 9.3 cents per kilowatt-hour. 

Energy facts for New Hampshire from the U.S. Energy Information Administration:

  • The average New Hampshire commercial electricity rate is 15.81 ¢/kWh (49% higher than the national average). 
  • The average New Hampshire residential electricity rate is 20.24 ¢/kWh (55% higher than the national average).
  • More than two-fifths of all New Hampshire households rely on fuel oil as their primary heating fuel, the second-largest share, after Maine, among the states.
  • In 2016 and 2017, New Hampshire obtained more of its electricity generation from wind power than from coal-fired power plants for the first time. Coal generation exceeded wind generation in 2018.
  • Seabrook, the largest nuclear power reactor in New England, provided 57% of New Hampshire’s 2018 electricity net generation.
  • In 2018, 21% of New Hampshire's electricity generation came from renewable resources, mostly hydroelectric power and biomass.
  • Ultra-low sulfur heating oil, which contains sulfur levels of less than 15 parts per million, has been required in New Hampshire since 2018.
Portsmouth, NH tug boats

Energy deregulation history in New Hampshire

In the mid 1990’s, New Hampshire joined 16 other U.S. states and approved energy deregulation for the state’s energy customers. The goal of energy deregulation was to provide residential and businesses with energy choice – also known as the ability to choose their electricity provider. The deregulated market forced energy suppliers to be more efficient and to compete for customers – offering an opportunity for businesses of all sizes to compare energy plans from top energy suppliers and shop for the best available rates.

New Hampshire’s legislature took the first step in 1996, by approving statute RSA 374-F, a directive asking the state’s Public Utilities Commission to develop a statewide restructuring plan by January 1998 to implement energy choice for all New Hampshire customers. With 2 years to make the transition to a competitive market, the PUC issued the plan in early 1997. Although the state was seemingly ahead of schedule, the full transition to a deregulated market was delayed by ongoing legislation. Due to the complexity and delays, the existing New Hampshire electric utilities, Granite State Electric Company, the Public Service Company of New Hampshire, and Unitil Energy Systems, actually restructured individually between 1998 and 2003 – making the transition even more confusing for customers. 

Finally in 2003, when Unitil Energy Systems offered electric choice, the deregulation of energy was complete across New Hampshire.

In most cases, New Hampshire deregulation introduced a new era where business customers and homeowners could take advantage of the competitive market and more effectively manage their monthly electricity costs by switching energy providers, plans and rates, as needed.

In most cases, businesses will be able to effectively manage and/or reduce their monthly electricity costs by switching energy plans and providers every year. 

As of today, home and business electricity consumers in New Hampshire have the opportunity of energy choice.

What is the difference between a Utility and an Energy Provider?

Utilities are the entities in charge of the operation and maintenance of the energy infrastructure, like wires and towers. Some local utilities in New Hampshire include Eversource Energy and Liberty Utilities (Formerly National Grid and Granite State Electric Company).

Each utility is responsible for transporting electricity from the generators to residential homes and businesses in their specific region of Ohio.

Energy providers in New Hampshire, like Direct Energy and XOOM Energy, are the competitive energy retailers. Each energy provider buys energy from the wholesale market (the generators) and then re-sells it to energy customers (homeowners, renters, and businesses).

In most cases, the customer (homeowner, renter, or business) signs a contract with an energy provider for a specific energy plan. The basic energy plan details the rate class, the energy rate per kWh, the contract term length (6, 12, 24, 36 months), and other contract terms like the cancellation fee policy.

Average Electricity Rates in New Hampshire - Residential vs Commercial and Industrial

About New Hampshire

Located in the heart of New England, The Granite State of New Hampshire is known for its countless granite formations and quarries. The largely mountainous state with the most acreage of timberland in the U.S. shares its wooded valleys and pristine rivers and lakes with the state’s 1,360,000 people, based on the latest US Census. As the first colony to declare independence from Britain, New Hampshire has not detoured from its core beliefs. Nearly 250 years later, New Hampshire is a mostly conservative state that continues the belief in the state’s motto, “Live Free or Die.”

A quaint New Hampshire main street

New Hampshire Business Profile

According to the SBA, New Hampshire is home to over 132,000 small business companies which account for 99% of all the state’s businesses. With no income tax or sales tax, the state boasts a growing economy and an unemployment rate just below the national average. New Hampshire small businesses also boast 290,000 employees, 52% of total workers in the state, led by the health care, food service and retail sectors.

With a history in the textile and paper mill industries dominates both small and large towns across the state, New Hampshire's more liberal tax policy has encouraged investments and growth in multiple industries, from small bio to light industry as well as professional service and technology firms. This evolution combined with the New Hampshire’s tourism industry has contributed to its growth.

New Hampshire electricity lines

How to switch electricity plans in New Hampshire

In a competitive electricity market like New Hampshire, both commercial and residential customers are provided with energy choice – meaning all customers get to choose their specific energy supplier, plan and rate, and then switch – based on any existing contract terms, renewal dates and fees. 

As a New Hampshire electricity customer, it’s important to track your contract renewal date. When your energy plan is due to renew, it’s a good time to compare electricity rates and then switch to the best rate for your home or business. When switching energy plans, keep these 5 easy steps in mind: 

Step 1: Compare energy providers and energy prices online

This is the easy part and it starts online. Today, businesses have a variety of online websites and tools to research and compare energy providers, plans, and rates. The best way to compare providers is to use a simple website like EnergyBot. In less than 5 minutes, you can enter basic information about your business, like your zip code and monthly electricity bill, and then compare dozens of top energy suppliers in New Hampshire to find the lowest energy rate.

Step 2: Take time to review the energy plan details

When you are comparing electricity plans, it will pay – literally – to take time to review the plan details, contract terms, and legal copy. Energy companies may entice you with a low rate, yet the fine print may reveal that it is a variable rate – which is only applicable if you stay in a specific range of energy (kWh) usage each month. It’s also important to review the contract term, cancellation fees, and out clauses before signing up for a new plan.

It’s important to do your research and if you’re short on time, EnergyBot makes it simple. Check out this article to learn more about the different types of energy plans and rates.

Step 3: Upload your most recent electricity bill

In many cases, the energy supplier, broker or website that you are using to find a new electricity plan will ask you to upload your most recent electricity bill. Although this may feel a bit intrusive, it provides pertinent account information and it’s important to securing the best energy rate available for your business. Your energy bill has your business information as well as the data that outlines your monthly energy usage. 

To add, your new energy supplier will require proof of your energy usage before you can switch and your electricity bill is the easiest way to meet the requirement.

Step 4: Request a custom electricity pricing quote

If you own or manage a larger business with high energy usage (and higher monthly bill), then it may be beneficial to request a custom pricing quote. As a larger business may have much higher monthly energy usage or inconsistent energy usage, energy suppliers require a comprehensive review of your business’ energy usage to provide a custom quote on a new plan and rate. At EnergyBot, you can get a custom quote for free. 

Step 5: Confirm the switch to a new energy provider

After authorizing a switch to a new energy provider, you will receive a confirmation email with the plan details and start date. It’s very important to review the plan you authorized and confirm the new start date. The transition to a new supplier will be seamless…you won’t even notice until you get the electricity bill the next month. 

Types of Energy Plans offered in New Hampshire

Energy suppliers offer two different types of plans for residential and business customers: a fixed-rate plan or a variable-rate plan.

Each type of plan has its respective pros and cons. As a New Hampshire customer, it’s important to understand the two types of plans before signing up for an electricity plan for your home or business.

Fixed-Rate Electricity Plans

The simple definition of a fixed-rate plan is that you are signing a contract with an energy supplier that offers a fixed-rate – meaning that the rate will remain constant for the term of the contract. Regardless of weather, natural events like tornados, or market volatility, your rate will not change. In most cases, fixed-rate plans have a term length of 6, 12, 24, or 36 months.

Variable-Rate Electricity Plans

The simple definition of a variable-rate plan is that you are signing a contract with an energy supplier that offers a variable-rate – meaning that the rate may change on a monthly basis based on market factors. Variable-rate plans offer more flexibility but also present more volatility in pricing which may impact your monthly electricity bill.

It is important to audit your energy usage and then select the right plan – a fixed-rate plan or a variable-rate plan – before signing a contract with an energy supplier.

New Hampshire Energy FAQs

Energy choice, also known as energy market deregulation, allows New Hampshire Business Owners to choose their energy supplier and energy rate. New Hampshire has been a deregulated since the New Hampshire Public Utility Commission (PUC) passed Competitive Opportunities Case legislation in 1996 with the objective of having a competitive retail market by 1998.

EnergyBot is an online marketplace that helps businesses quickly and easily compare energy suppliers, plans, and rates in their area. With the simple goal to help businesses switch to the best energy for their business, EnergyBot cuts out the middleman – energy consultants and energy brokers, and enables businesses to switch online. EnergyBot also eliminates the fees and sales commissions that businesses may pay when using a traditional energy broker.

In New Hampshire, energy brokers may advertise promotional rates and offer their services free of charge – which is not exactly the truth. Most energy brokers “bake in their commissions and fees” into the energy rate (per kWh) that businesses will pay – which means that a business may pay a higher rate than necessary when using a broker. EnergyBot rates are simple and transparent and published on our site every day for businesses to review and compare.

The goal of energy market deregulation was to create competition among energy suppliers so that they would be more efficient and ultimately offer lower, more competitive rates, to consumers. Unfortunately, most businesses and residential consumers have found that comparing energy plans is overly complicated and confusing.

EnergyBot makes energy simple. With a fast and transparent online experience, businesses can now compare plans and select an energy rate in just a few minutes. With basic information about your business and energy usage, EnergyBot will quickly compare current rates from top energy suppliers and provide a list of recommended plans for your business. Switching to a new energy plan is now as easy as booking a flight online.

EnergyBot makes it easy to switch energy providers. Simply visit our website, compare and select energy plans in your area, submit the necessary business information, and then upload your most recent energy bill. The EnergyBot team will seamlessly work with your new supplier to make the switch to the new energy plan. And the energy service to your business will continue without interruption.

You will pay your electricity bill directly to your local utility company. EnergyBot will never send you a bill.

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