47% Rate Increase for Electric Transmission Proposed by Eversource, Kreis Warns.
Here's what you can do.
47%. That is the increase that Everource is requesting before the PUC in their current rate case for the distribution part of their bill.
But the folks at Eversource are doing their best to bury the lead in an avalanche of other fees in which the 47% is embeded. That's 47% over just a bit more than 2 years, well over the rate of inflation.
The bean counters at Eversource seem to think that they are due a 10.3% rate of return per annum on their investment for what effectively is one of the safest investments anyone can make. After all, it's a captive market.
At the same time the legislature will also be hearing a bill to abolish the office of Consumer Advocate
"Ratepayers should not have to spend all their time trying to figure out whether they are being fairly charged on their bill. That's my job." Don Kreis
If you wish to weigh in on this question you can file written testimony via this portal: https://gc.nh.gov/house/
Eversource Rate Case: Revenge of the Economists
https://indepthnh.org/2025/02/12/eversource-rate-case-revenge-of-the-economists/
Matt Stoller column
Matt Stoller, among the nation’s most outspoken anti-monopolists, took on the electric industry recently. “Electric utilities used to be some of the most technologically innovative corporations in America, allowing light to shine at night across cities and in homes with just a switch,” Stoller wrote, in a Substack post entitled “Power Moves: How Electric Utility Monopolists Broke Their Bargain with America.”
Ways to assume greater control over your utility costs.
Find out if you are in an area associated under the Community Power Coalition of NH.
If you live in a community that has a Community Power Aggregation program, check into the opportunity you have for purchasing your power through an aggregator. If not, you can also approach your municipal officials to encourage them to look into creating or joining a power coalition.
The future of utility reform will be waged on chipping away at the hegemony of big utility companies and Don says that the meter on your home should be the focal point to give consumers greater control over the power delivery and use. In fact Don says, Unitil - a New Hampshire company - is actually working to be a more customer-centric utility company including providing high-tech metering that enhances consumer control.
What can consumers do? House Bill 610 will be heard abolishing the Consumer Advocate's office. 9AM MARCH 5 before the House Executive Departments and Administration Committee.
NHSaves.com as well as the office of Consumer advocate at OCA.NH.gov can also help you save money by offering tips on ways for improving the efficiency of your home.
To learn more about Community Power listen to my Podcast with Clifton Below, here.
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